Cosco Shipping has completed the acquisition of Orient Overseas International Ltd (OOIL) and its subsidiary Orient Overseas Container Line (OOCL).

Earlier this month, Cosco Shipping secured approval from the Anti-Monopoly Bureau of China to proceed with the USD6.3 billion takeover.

Cosco Shipping now operates a fleet of approximately 400 vessels with a combined capacity of 2.7 million teu.

www.ooilgroup.com

en.chinacosco.com

www.oocl.com