Containership charter market feels the ripples from trade tensions
The charter market for containerships is diverging in response to the many pressures on supply ...
By Mike Wackett
China’s anti-monopoly bureau has given the green light to COSCO’s $6.3bn takeover of OOIL, including its container arm, OOCL.
The stock exchange eleventh-hour notification made no reference to the outstanding approval still required by US foreign investment regulators.
A joint statement from COSCO and OOIL advised that, on 29 June, the Anti-Monopoly Bureau of the State Administration for Market Regulation of the PRC had decided “not to prohibit the offer”.
Chinese regulatory approval came just one day before the deadline to fulfil all ...
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