China Cosco Jumps Most in 10 Months in Shanghai on Dry-Bulk Rates Rebound
China Cosco Holdings Co., the nation’s largest operator of dry-bulk ships, jumped the most in 10 months in Shanghai amid speculation the company and its rivals may benefit from rising commodity-freight rates. The shipping line surged by the 10 percent daily limit to 10.31 yuan and closed at that level. In Hong Kong, the company jumped as much as 5.2 percent. China Shipping Development Co. rose as much as 5.5 percent in Hong Kong.