Cosco and SIPG invest in SAIC Anji Logistics as it boosts PCTC fleet
Cosco Shipping Holdings and Shanghai International Port Group (SIPG) have invested ¥2bn ($280m) in SAIC ...
Another executive at a major freight forwarder was surprised – “this is complete news to me” – while a third one said: “I heard nothing, and sanctions would not make a lot of sense unless Cosco management has done something illegal.”
I am still waiting to hear from my Cosco sources.
Possibly the final word of encouragement came from senior sources with insight in Asian affairs, who commented: “Crazy”, and soon after added: “So far, no spillover from the tanker story”. Other ...
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