Carriers

Media: Cosco preparing offer on OOCL

According to Wall Street Journal, China's Cosco Group is preparing to place a bid of more than USD 4 billion for China's Orient Overseas Container Lines.
Photo: PR-foto/Hamburg Hafen Marketing Association
Photo: PR-foto/Hamburg Hafen Marketing Association
by SØREN PICO

State-owned Chinese conglomerate Cosco Group is allegedly planning to place a bid of over USD 4 billion on carrier Orient Overseas Container Lines (OOCL). This is according to anonymous sources close to the process, according to Wall Street Journal.

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