Revolutionary Cosco Take Over

Revolutionary Cosco Take Over

Revolutionary Cosco Take Over

There has been a revolutionary $6.3 billion merger that has happened within the past week, Cosco taking over Hong Kong’s OOCL (Orient Overseas Container line), has ultimately become the 3rd largest shipping line in world and declaring Beijing’s supremacy in the Shipping world. Likewise, there has also been speculation, that Cosco has potential to over rank even the current largest shipping lines, MSC or even Maersk.

In addition, there has been commentary occurring behind the infamous merger stating that it may raise freight expenses, however the scale and OOCL’s smoothly running operations has given them foothold to dominate the industry, which already dominating the US-Asia route.