$6.3bn deal makes Cosco Shipping third largest container line

Cosco Shipping Holdings is set to buy Orient Overseas International (OOIL) for $6.3bn, in a deal that will see the China group become the world’s third largest container liner.

OOIL’s majority owner has accepted the bid, though the sale will still need regulatory approval.

☛ Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:

Membership ID / Email Address

Password

Don't have an account? Register here

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
Enhance your network and get connected to a global community of 120,000 in 150 countries.
Stay in touch and up to date through member only events and branch meetings.
Annual subscription to Supply Management magazine.
10 per cent discount on all training courses, workshops, seminars and conferences.
Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.