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COSCO Accelerated Acquisition of Orient Overseas

publisherLena Song

time2017/06/23

Cosco Group, the world's fourth-largest shipping company, has entered into a postponement, with the fastest or uptake in July, at $ 4 billion to buy the world's seventh-largest shipping company, Hong Kong Orient Overseas Container Lines Limited. Orient Overseas Container Shipping Holdings family has been more receptive to the sale of ideas, Oriental Overseas container shipping 69% of the shares held by the Hong Kong Dong family. COSCO Group in the global shipping market share of 8.5%, Orient overseas container shipping market share of 3.3%.