China Shipper Cosco To Buy HK Rival OOIL For $6.3bn
Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn). The deal would make Cosco the world’s third-biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though the sale will still need regulatory approval. It would be the latest in a wave of … Read more