Ocean Alliance suspends transpacific PSW11 service
Despite reports that some major US importers have decided to resume shipments out of China ...
The latest move in container line vertical integration came from China today, as it was announced that OOCL Logistics’ e-commerce platform, EShipping, will become a joint-venture with JD.com
OOCL majority owner Cosco Shipping has struck up a deal with JD Logistics that will result in a $38m investment in EShipping and the delivery division of JD.com holding a 56% stake.
JD will take also hold a majority on the board, electing three of its five members. Cosco and OOCL subsidiary Gold Talent ...
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