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Speculations in Chinese container merger resurface

A merger between the two Chinese container giants Cosco and China Shipping Container Lines (CSCL), is still alive on the Chinese stock exchanges, but a number of decisive circumstances point to the contrary, according to Alphaliner.

Photo: PR-foto

Speculations about a potential merger between China's two container giants Cosco (China Cosco) and China Shipping Container Lines (CSCL) have flared up again. At least on the Chinese exchanges, where the two companies' shares have traded up in recent months to the highest level in four years.

According to the analyst agency Alphaliner, a close cooperation between the two state-controlled container carriers seems to be fading away, unless the government forces them together, after both companies about two weeks ago, on the 17th of April in two separate announcements to the Hong Kong Stock Exchange denied the rumors of a merger. Cosco reiterated its denial 11 days later in the still speculative trade of the stock.

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