COSCO Shipping Shares Climb After Bid To Become Third-Biggest Container Line

0

COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world’s third-biggest container shipper and underline China’s supply-chain ambitions. The offer for Orient Overseas International Ltd (OOIL) comes as China’s government pushes to raise the country’s profile…

This content is for Oil Guru members only. Sign up for free today.
Log In Register
Share.

Comments are closed.