Cosco gets the green light for OOCL acquisition

Cosco Shipping’s acquisition of Orient Overseas Container Lines (OOCL) has received approval from Chinese anti-trust authorities.

Cosco announced its intention to buy OOCL's parent company, Orient Overseas International Ltd (OOIL), for HKD49 billion (USD6.3 billion) last year, as HLPFI reported here.

The latest consolidation in the global maritime industry will see the two members of the Ocean Alliance combine their activities and operate more than 400 vessels, with a capacity exceeding 2.9 million teu.

www.ooilgroup.com

en.chinacosco.com

www.oocl.com

Heavy Lift | News

Hinrichs joins Combi Lift

August 17 - Combi Lift has appointed Holger Hinrichs as managing director, joining Heiko Felderhoff in leading the Bremen-headquartered heavy lift shipping line.
Views: 241

Roll Group wins boiler transport

August 17 - Roll Group has been awarded a contract by Italian project forwarder Fagioli for the transportation of three boilers for the Gulf Coast Growth Ventures (GCGV) project in the USA.
Views: 246

Boskalis names Heijermans 

August 15 - Royal Boskalis Westminster has appointed Bart Heijermans to the board of management. 
Views: 277

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.