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SeaIntel Consulting: Box merger reshuffles alliances

Sensible decision to merge China Cosco and China Shipping Container Lines if the two companies are to become profitable, says Lars Jensen, SeaIntel Consulting. But two of the four major container alliances will be changed.

Photo: Seanews.com

It makes good sense to merge China's two major state-owned container carriers China Cosco and China Shipping Container Lines, which the Chinese government is presumably preparing to do, notes Lars Jensen of SeaIntel Consulting.

"From a purely economical and rational point of view, a merger of the two carriers is the only right thing to do, and the fact that it has not happened sooner is due to the internal conditions in Chinese politics. Basically, the merger is only about making the two carriers more profitable," Lars Jensen tells ShippingWatch:

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