ShippingWatch

China greenlights yet another shipping-related merger

The country's authorities have cleared the merger of Sinotrans and CSC Holding into one unit owned by China Merchants Group. The move is part of the governments efforts to streamline the country's shipping industry.

Photo: Seanews.com

Following the approval of the merger between state-owned shipping units China Cosco and CSCL earlier this month, the Chinese authorities have now greenlighted another merger as part of the efforts to streamline the country's shipping industry.

The latest merger will see logistics group Sinotrans and CSC Holdings Co. merged into an independent subsidiary fully owned by China Merchants Group, reports Bloomberg.

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

Further reading

Related articles

Latest news

See all jobs