China’s biggest shipping groups to combine in multibillion deal - FT.com
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Via Pierre Ageron sur Twitter
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China’s biggest shipping groups have agreed a multibillion deal to combine their assets in the latest example of Beijing’s push to reform its state-owned enterprises.
The plans, by China Ocean Shipping, or Cosco, and China Shipping, come also as the industry struggles to cope with the weak demand and overcapacity that has dogged container shipping since the financial crisis.