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Home » Merger of Chinese Ocean Lines to Create World's Fourth-Largest Container Shipping Company

Merger of Chinese Ocean Lines to Create World's Fourth-Largest Container Shipping Company

December 17, 2015
Maritime Executive

The combined entity would become the world's fourth-largest container shipper, with a market share of roughly 8.1 percent. That would be far behind AP Moeller-Maersk A/S, Mediterranean Shipping Co SA and CMA CGM SA.

"With the approval of the State Council, COSCO and China Shipping will be restructured," the state asset supervisor said on its website on Friday, using a phrase commonly understood to refer to the merger. It gave no other details.

A listed unit of China Shipping, China Shipping Network Technology Co. Ltd, said the merger will focus on freight transport, container shipping, and oil transport services, in a stock exchange filing.

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KEYWORDS China Global Logistics Global Trade Management international trade Logistics Logistics Management: Ocean Transportation logistics services Maritime Executive maritime shipping Ocean Cargo Ocean Transportation Pharmaceutical/Biotech Transportation Management
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