The upcoming large-scale merger between the two Chinese shipping conglomerates China Ocean Shipping Group (Cosco) and China Shipping Group (CSG) will involve a combination of a several of the two state-owned groups' business units. The container units, which have been subject to most of the attention, are not the only business involved in the merger, as the transaction also covers tanker and bulker, according to a plan for the reconfiguration submitted by the two companies to the stock exchanges in Shanghai and Hong Kong.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Truck driver strike in South Korea intensifies
The ruling party in South Korea is accusing truck drivers of ”unfair business practice” and has ordered truckers in the construction sector back to work.
Europe's biggest port confirms challenge: "New skills are needed in new jobs"
Recruiting: Europe’s largest port, Rotterdam, is understaffed, and this will only get more difficult in coming years. Svitzer is also struggling to attract specialists.
MSC receives its first commissioned cargo aircraft
The shipping major has had its first aircraft delivered from Boeing for air freight venture MSC Air Cargo.
BW Epic Kosan doubled bottom line in Q3
Increasing rates and reduced costs were behind BW Epic Kosan’s progress during the third quarter of this year. A smaller renewal of the fleet of gas tankers took place during that time.
Tanker companies pay out massive dividends
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Team Lead Engineering - Foundations Transportation and Installation 
Accountant - Creditor and Payment. Nordhavn, Copenhagen 
Head of Sales and Marketing 
Crew Manager 
Transition Analyst 
Assistant Controller 
Trader