News / Transpacific box trade will get a new market leader after Cosco's OOCL buy

The transpacific container shipping market is set for a fundamental change if Cosco completes its acquisition of OOCL, according to new research from Alphaliner.

The combination of the state-owned Chinese giant – created by last year’s merger of China Shipping and Cosco – and Hong Kong-based OOCL would create the world’s third-largest carrier, with a combined fleet of 2.4m teu, based on Alphaliner records.

The 666,140 teu currently operated by OOCL would be added to Cosco Shipping’s fleet of 1,752,800 teu, alongside a combined orderbook of ...