News / Cosco buys OOCL for $6.3bn to form the world's third-largest liner company

Photo: OOCL

10/07/2017

Cosco has teamed with Chinese port operator Shanghai International Port Group (SIPG) to acquire Orient Overseas International Ltd (OOIL).

The new owners have pledged to keep the OOCL liner brand and its Hong Kong headquarters, and provided some assurances to worried staff that their jobs are safe for now.

The ...

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