COSCO+OOCL – What to expect?

If the recently announced merger between COSCO Shipping Holdings and Orient Overseas International Lines (OOIL) goes ahead successfully, it would propel the merged entity as the world’s third largest container carrier, overtaking CMA CGM, one of its partner in the Ocean Alliance. On July 9,2017,COSCO SHIPPING Holdings Co. Ltd. (“COSCO …

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COSCO+OOCL – the birth of a new market leader

COSCO Shipping Holdings, along with Shanghai International Port Group (SIPG), has decided to acquire Orient Overseas Container Line (OOCL), the shipping unit of Orient Overseas International Line (OOIL), for $6.3 billion. This acquisition would propel Cosco to the spot of world’s third-biggest container carrier after Maersk Line and Mediterranean Shipping …

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