The new Chinese container behemoth China Cosco Shipping Corporation (CCSC) has not only kick-started the consolidation wave for which virtually all players in the container sector have been hankering for years. The merger of carriers Cosco and CSCL has in effect torn three of the four major alliances in the global container industry apart, only leaving the biggest one - 2M with Maersk Line and MSC - intact.
Shanghai meeting brings French-Chinese alliance into play
The Chinese container merger has reopened the entire alliance scenario and created hectic activity in places such as Shanghai, where a meeting a few days ago could mark the beginning of an alliance between CMA CGM, the Chinese carrier and OOCL, well-informed sources tell ShippingWatch.
BY TOMAS KRISTIANSEN
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