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Cosco Shipping targets more port purchases after Orient Overseas

Cosco, which in late 2017 acquired competitor Orient Overseas Container Line, is hungry for more acquisitions, especially among ports and terminals.

Photo: /ritzau/AP

China Cosco Shipping Corp., the nation's top sea-freight carrier, is looking to buy more port-related assets following its USD 6.3 billion takeover of Orient Overseas International Ltd., Chairman Xu Lirong said.

"In the future, we will consider both equity investments and acquisitions of port and terminal assets around the world, especially in Europe, Asia, the Middle East, and some emerging markets where we are expanding into," Xu said.

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