Beijing seals Cosco/China Shipping merger

Beijing seals Cosco/China Shipping merger

The listed subsidiaries of Cosco and China Shipping have all made announcements that the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has transferred for free its entire equity interest in Cosco and China Shipping to China Cosco Shipping Corporation (Coscocs), the new shipping conglomerate in China created by the merger of Cosco and China Shipping.

Upon completion of the deal, Coscocs will officially become the controlling shareholder of Cosco Group and China Shipping Group.

Cosco and China Shipping started a merger in 2015 at the behest of central government. The merger has created the largest shipping line in the world.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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