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Merger leads to creation of new Chinese shipping giant

     Container ship

Two major Chinese shipping companies, China Ocean Shipping (Group) Company (Cosco) and China Shipping Container Lines Co., Ltd. (CSCL), are merging to form what will be one of the world’s top shipping giants.

Operating under the name China Cosco Shipping Corp., the merger will create the world’s fourth-largest container line, after CMA CGM (No. 3), Mediterranean Shipping Co. (No. 2), and Maersk Line as the largest.

For more information, contact David Lychek, Manager – Ocean & Air Services.
 

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