Head of Research, Affinity Shipping LLP
16 Apr 2018 15:06 (GMT+1)

Containers: Cosco’s takeover deal of Long Beach terminal under threat due to tension between US and China?

After the tension developing between the United States of America and China, there has been several rumours and concern about the future of Cosco’s takeover deal of Long Beach terminal. The main driver behind the speculations has been the delay from the US regulators’ side to approve Cosco Shipping’s takeover of a Long Beach terminal through its acquisition of Orient Overseas Container Line.Last week, the shares of OOCL’s parent Orient Overseas (International) Ltd hit a new low since COSCO, t...
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