A glimpse at what the world’s largest shipping line looks like

A glimpse at what the world’s largest shipping line looks like

The sheer enormity of the potential merger between China’s top two state-owned shipping conglomerates is revealed today in an exclusive infographic from VesselsValue.com commissioned by Splash.

Cosco and China Shipping are now working out how best to proceed with a Beijing-backed merger, likely to be completed by 2017.

Were it to go through, the combined entity would become the world’s largest shipping line by quite some distance. With 783 vessels worth $22.95bn, the Chinese giant would be more than $10bn and 500 ships in front of second placed AP Moller Maersk, according to data from VesselsValue.com. It would rank number one in the dry bulk and tanker trades in terms of fleet size and valuation and would be number two in the liner trades.

A five-man team is now going through restructuring options with a view to reporting back to Beijing how best to proceed in three months time in what is the greatest shake-up in Chinese shipping in a generation.

 

What if Cosco & CSCL Combined 900 x 1000px

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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