Chinese shipping group Cosco could be forced to surrender a key terminal in the US after competition authorities have voiced concerns about the transaction.
The terminal in Long Beach, California is part of Cosco's billion-dollar acquisition of liner company Orient Overseas Container Lines (OOCL). The merger was announced last summer and now only awaits approval from US regulators.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.