Independent journal on economy and transport policy
13:42 GMT+1
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OOIL carries to term the cession of Long Beach Container Terminal
The sale had been tax from the American authorities
October 25, 2019
The Orient Overseas (International) Ltd. (OOIL) of Hong Kong, that it is controlled by shipowning group Chinese COSCO Holding Shipping through the Faulkner Global Holdings Ltd., has announced that yesterday with the COSCO Shipping it has carried to term the sale of the terminalistiche activities carried out previously in the port of Long Beach through the society integrally controlled Long Beach Container Terminal(on 30 July 2019).
The cession of such activities was one of the conditions taxes from the American authorities in order to approve of the acquisition of OOIL by COSCO Shipping(on 9 July 2018).
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