Media: Chinese container merger imminent

Trading of China Cosco and China Shipping Container Lines' shares has been suspended on Monday. Major merger underway, reports Bloomberg.

A merger between China's two largest container carriers, China Cosco and China Shipping Container Lines (CSCL), is allegedly underway.

Trading of the two companies' shares has been suspended, starting today, August 10th. According to Bloomberg's sources who are intimately familiar with the matter, China's is pondering a merger of the two state-owned carriers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Bimco sets up Brussels office

The shipping organization faces the consequence of the EU having in a short time span manifested itself as the trendsetting international legislator within climate, and establishes an office in Brussels, ShippingWatch learns.

Further reading

Related articles

Latest news

See all jobs