China's Cosco to buy Orient Overseas for $6.3B

Posted online July 10, 2017 | 11:32 am

China's biggest shipping company is buying the world's No. 3 container shipping giant.

State-owned Cosco Shipping Holdings Co. agreed to purchase rival Orient Overseas Ltd. for $6.3 billion.

Adding Orient Overseas would give Cosco market share of 11.7 percent.

Read more from The Associated Press.

Comments

No comments on this story |

Please log in to add your comment

Republic School District opens activities center

Editors' Pick

Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read