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Cosco Shipping and PIL form new partnership

Chinese Cosco Shipping has initiated a time charter deal with Singapore's PIL for 12 vessels. Earlier this year, it was rumored that PIL would be the next acquisition in the consolidation wave in the industry, report several media.
Photo: PR-foto
Photo: PR-foto
by LOUISE VOGDRUP-SCHMIDT

Earlier this year, after Cosco Shipping's acquisition of OOCL, it was rumored in the shipping industry that Singapore's PIL would become the next member of the large Chinese shipping group.

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