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Drewry: Radical changes underway in Chinese shipping

Coscon and China Shipping Container Line, the world's 4th and 8th largest container carriers, respectively, are facing radical shifts in 2013, according to analysts Drewry.
BY OLE ANDERSEN

A merger between China's two major carriers, Coscon and China Shipping Container Lines (CSCL), the world's 4th and 8th largest container carriers, respectively, seems unlikely, which means that the two carriers, following deficits in 2011 and 2012, are facing radical interventions, estimates British analysts Drewry.

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