Thursday, February 18, 2016
Maritime News

Introducing COSCOCS: China’s New Shipping Giant to Ride Out Downturn

By Brenda Goh SHANGHAI, Feb 18 (Reuters) – China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analysts said the giant company...

February 18, 2016
Total Views: 39

Monday, January 4, 2016
Maritime News

COSCO, China Shipping Merger to Result in New Company, Regulator Says

SHANGHAI, Jan 4 (Reuters) – China Ocean Shipping Group Co (COSCO) and China Shipping Group Co will become a new entity after merging, led by the latter’s current chairman, China’s...

January 4, 2016
Total Views: 1

Saturday, December 26, 2015
Maritime News

China Shipping Shares Diverge After Consolidation Plan

By Bloomberg News (Bloomberg) — Chinese investors got their first opportunity to react to a plan for consolidating the nation’s two state-owned shipping groups when shares of their listed units...

December 26, 2015
Total Views: 15

Monday, December 14, 2015
Maritime News

Merger with COSCO Would Mean Container Shipping Exit for CSCL

By Gavin van Marle (The Loadstar) — Cosco and China Shipping have released details of their forthcoming merger, which is likely to see the latter quit container shipping. The plan...

December 14, 2015
Total Views: 20

Maritime News

China Shipping Reform Fails to Enthuse Investors

By Bloomberg News (Bloomberg) — China’s biggest shipping reform failed to enthuse investors as two major companies lost more than $850 million in total market value after the government proposed...

December 14, 2015
Total Views: 9

Friday, December 11, 2015
Maritime News

It’s Official: China Confirms COSCO, China Shipping Merger

By Bloomberg News (Bloomberg) — China announced plans to reorganize two major shipping groups with combined revenue of more than $40 billion, paving the way for the creation of one...

December 11, 2015
Total Views: 32

Thursday, December 10, 2015
Maritime News

China Approves COSCO, China Shipping Merger, Announcement Expected Soon -Report

The Chinese government has reportedly approved the long-anticipated merger between two of China’s largest shipping groups, China Ocean Shipping Group Co (COSCO) and China Shipping Group, according to a report Beijing-based Caixin...

December 10, 2015
Total Views: 21

Wednesday, September 16, 2015
Maritime News

COSCO, China Shipping Admit Possible ‘Asset Restructuring’

  SHANGHAI, Sept 16 (Reuters) – China Ocean Shipping (Group) Company (COSCO) and China Shipping Group, two of the country’s largest shipping firms, said shares in their listed companies would...

September 16, 2015
Total Views: 9

Monday, August 17, 2015

Drewry: COSCO, CSCL Merger Could Cause Chain Reaction in China

  By Drewry Shipping Consultants Having blocked the P3 Alliance on competition grounds, China could now merge China Cosco and CSCL and, as a result, cause a domino effect on...

August 17, 2015
Total Views: 3