Cosco buys several container factories from PIL

Cosco has bought several container factories from its smaller competitor PIL. Alphaliner sees the transaction as a possible sign of a coming sale of family-owned PIL.

Photo: Pacific International Lines

China's Cosco has bought several container factories from Pacific International Lines, PIL.

The transaction involves the three largest factories in China under company Singama, of which PIL owns 43 percent. The price lands at USD 565 million.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs