China takes lead in Pacific shipping after US$6.3bil deal


SINGAPORE: China is the new leader of shipping trade to the Americas.

State-owned Cosco Shipping Holdings Co’s US$6.3bil offer to buy Orient Overseas International Ltd would create an entity that’s the biggest shipping company moving boxes to the North American continent from Asia, beating Copenhagen-based A.P. Moller-Maersk A/S and France’s CMA CGM SA.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Some big banks ask more staff to return to office five days a week, Bloomberg reports
Betamek adopts cautious approach amid economic uncertainties
Eurospan gets MGO from Datuk Seri Tan Han Chuan
Pecca’s Q3 net profit jumps 64%
Aneka Jaringan bags RM22.5mil subcontract from IJM construction
Gas Malaysia posts higher 1Q net profit of RM102.63mil
TRC Synergy secures RM142.34mil project to 'transform' state legislative building
Ringgit ends lower against US dollar
Sports Toto almost triples net profit to RM68mil 3Q
Silver Ridge's unit bags RM168.83mil Melaka cruise terminal contract

Others Also Read