Major Chinese merger could be imminent
China's two largest container carriers could be headed for a merger before the end of 2015. Other mergers in dry bulk and tanker could follow suit, reports the Wall Street Journal.
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BY OLE ANDERSEN
A merger between China's two largest container carriers, Cosco and China Shipping Container Lines (CSCL), which would create the world's fourth-largest carrier, looks imminent and could receive final approval in January or maybe even before the end of the year, sources tell the Wall Street Journal.
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