How China now controls a significant slice of the global container market
As the world's now third-largest liner shipping company, state-owned Chinese Cosco has in record time gained control of a significant portion of the global market – and the company has already surpassed several European majors. The Chinese state's crucial influence is undeniable, shows a review.
While it took decades for the European liner shipping companies to achieve the Top 3 positions in the global container elite, the Chinese project to transform a series of medium-sized shipping companies into the world's third-largest box carrier has really only taken a few years.
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