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Media: Cosco preparing offer on OOCL

According to Wall Street Journal, China's Cosco Group is preparing to place a bid of more than USD 4 billion for China's Orient Overseas Container Lines.

Orient Overseas hit with big loss from container downturn

The downturn in the container industry would have taken an even bigger toll on the half-year results from Orient Overseas in Hong Kong, had it not been for earnings from its logistics activities and the famous New York hotel Plaza.

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