Independent journal on economy and transport policy
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COSCO Shipping in lists with Evergreen and CMA CGM in order to acquire the Orient Overseas Line Container
the Chinese group would have the greater probabilities to buy the marine society of Hong Kong
January 19, 2017
The Chinese shipowning group Lowers COSCO Shipping Corporation (COSCO Shipping) would compete with the taiwanese Evergreen Marine Corporation and the French CMA CGM in order to acquire the company of navigation Orient Overseas Container Linens (OOCL) of Hong Kong. It asserts the daily paper financial Chinese "Caixin" specifying that, as specified from a source of the Chinese shipowning group, COSCO Shipping would have the greater probabilities to buy the marine society.
Last April OOCL with the Evergreen, to CMA CGM and the COSCO Container Lines (COSCON), the company of COSCO Shipping that work the services of line of the Chinese group, have costituto the alliance OCEAN that altogether at the moment of its effectiveness, previewed the next April, will put in field a fleet of the ability to total hold pairs than more 5,4 million teu.
Currently CMA CGM, COSCON and Evergreen occupies respective the third, fourth and fifth position in the world-wide ranking of the companies of navigation of the field of line for ability to the fleet. OOCL is to the ninth place of classifies with a fleet of the ability to 570 thousand teu. With the acquisition of OOCL the ability to the fleet of the French CMA CGM would go up to 2,7 million teu reducing the distance from the second company of the ranking, the Helvetian Mediterranean Shipping Company (MSC). If OOCL came acquired from group COSCO Shipping the ability to the fleet of the COSCON would go up to 2,2 million teu exceeding the ability to the fleet of the French group. For Evergreen, moreover, the acquisition of the ships of the OOCL would represent a decided strengthening of own fleet whose ability would go up to 1,6 million teu.
OOCL integrally is controlled by the Orient Overseas (International) Ltd. (OOIL), society that is under responsibility of the Tung family.
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The Chinese shipowning group Lowers COSCO Shipping Corporation (COSCO Shipping) would compete with the taiwanese Evergreen Marine Corporation and the French CMA CGM in order to acquire the company of navigation Orient Overseas Container Linens (OOCL) of Hong Kong. It asserts the daily paper financial Chinese "Caixin" specifying that, as specified from a source of the Chinese shipowning group, COSCO Shipping would have the greater probabilities to buy the marine society.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
