Shipping & Logistics

Retail giant Costco downsizes container ship chartering, taking $93 million bath

The big box store is taking a $93 million charge to reduce exposure after building up a seven-vessel fleet.

Costco had claimed last year to have chartered three small vessels for three years.
Costco had claimed last year to have chartered three small vessels for three years.Photo: ZidaneHartono/Creative Commons
Published 15 December 2022, 18:13Updated 16 December 2022, 13:51
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