'Cargo collision' expected as transpacific capacity tightens and rates rise
Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be ...
The transpacific container shipping market is set for a fundamental change if Cosco completes its acquisition of OOCL, according to new research from Alphaliner.
The combination of the state-owned Chinese giant – created by last year’s merger of China Shipping and Cosco – and Hong Kong-based OOCL would create the world’s third-largest carrier, with a combined fleet of 2.4m teu, based on Alphaliner records.
The 666,140 teu currently operated by OOCL would be added to Cosco Shipping’s fleet of 1,752,800 teu, alongside a combined orderbook of ...
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