News / OOCL now a target for CMA CGM following silence from Cosco?

© VanderWolfImages | Dreamstime.com - Container ship Antwerp

Mid-sized ocean carrier OOCL is seen as “the only attractive takeover target of substantial size in the market” according to Alphaliner.

But could current suitor Cosco be left waiting at the altar as CMA CGM moves in?

The proposed ‘marriage’ between Chinese state-owned Cosco and Hong Kong-based OOCL has been the subject of continuous industry chatter since January.

Despite repeated denials by parent OOIL, saying it was “not aware of, nor involved” in any bid related to OOCL, many shippers and liner executives The ...