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Drewry: Chinese alliance could alter the balance of power

If the rumors of a major Chinese box merger are realized, this could mean significant changes in the power balance among the container shipowners of the world. Drewry has studied the potential effects in a new analysis.

Photo: Seanews.com

The presumed merger between the two major Chinese container shipowners, China Cosco and CSCL (China Shipping Container Lines), could have a huge impact on the entire global elite of container shipowners distributed into four alliances.

"A merger between Cosco and CSCL makes sense for China, but the ramifications for the container shipping industry could be far-reaching," writes Drewry in an analysis of the merger which was the subject of a number of stories last week when the Chinese stock exchanges halted trading of the two carriers' shares.

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