China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
© Vladimir Serebryanskiy
Having tabled a $6.3bn bid for OOCL, it seems Cosco has not ended its shopping spree. Splash 24/7 reports that senior management at the Chinese shipping line is “studying” merger and acquisition opportunities amid a revival in the sector. And the carrier’s managing director, Liu Gang, claims Cosco has cash reserves in the region of $973m that it will use towards these purchases.
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