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 ...
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Cosco has completed its acquisition of OOIL, parent company of shipping line OOCL, and promised the Hong Kong-based carrier would continue to operate independently.
However, the Chinese carrier also it said it would consider “deepening” the cooperation between them.
It said: “Both liners will make their own decisions on rates based on their own business strategy/policy and characteristics of respective products and maintain their own pricing and approval systems.”
The dual brand strategy would see Cosco and OOCL continuing to use their own container fleets, with ...
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