Thursday, December 13, 2018
cosco shipping
Maritime News

Blackstone, KKR Said to Pursue $1 Billion Container Terminal in Long Beach

By Gillian Tan and Vinicy Chan (Bloomberg) — Cosco Shipping Holdings Co.’s sale of a container terminal in Long Beach, California has drawn interest from potential buyers including Blackstone Group...

December 13, 2018
Total Views: 7

Monday, August 6, 2018
Maritime News

COSCO Upbeat on OOCL Despite $73 Million Loss in First Half

By Mike Wackett (The Loadstar) – Orient Overseas International (OOIL) suffered a loss of $73m in its OOCL container business in the first six months of the year, following a profit...

August 6, 2018
Total Views: 8

Sunday, July 8, 2018
oocl containership
News

Pledging to Sell Long Beach Terminal, COSCO Clears U.S. Hurdle on OOCL Deal

By Bloomberg News (Bloomberg) — Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition...

July 8, 2018
Total Views: 38

Wednesday, June 13, 2018
Maritime News

Investors Nervous as Doubts Raised Over COSCO Takeover of OOCL

By Mike Wackett (The Loadstar) – COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt, according to Alphaliner. The consultant said “doubts...

June 13, 2018
Total Views: 14

Tuesday, April 3, 2018
oocl containership
Maritime News

COSCO Shipping’s Takeover of OOCL to Close by End-June, Vice Chairman Says

By Brenda Goh SHANGHAI, April 3 (Reuters) – COSCO Shipping’s planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the...

April 3, 2018
Total Views: 18

Wednesday, July 26, 2017
Maritime News

COSCO Acquisition of OOCL Still Faces ‘Degree of Uncertainty’

By Mike Wackett (The Loadstar) – Cosco Shipping Holdings resumed trading on the Shanghai Stock Exchange (SSE) today, more than two months after its shares were suspended on the bourse....

July 26, 2017
Total Views: 11

Monday, July 10, 2017
News

COSCO Deal to Make Ex-Hong Kong Chief, Family $1 Billion Richer

By Robert Olsen (Bloomberg) — Former Hong Kong Chief Executive Tung Chee-hwa and his family will be about $1 billion richer with the sale of their container shipping line to...

July 10, 2017
Total Views: 1

News

COSCO Buying OOCL Would Create Trans-Pacific Container King

By Kyunghee Park, Daniela Wei and Shawna Kwan (Bloomberg) — China is the new leader of shipping trade to the Americas. State-owned Cosco Shipping Holdings Co.’s $6.3 billion offer to...

July 10, 2017
Total Views: 21