China Cosco Shipping
China’s Cosco and China Shipping officially merged their container fleets Feb. 18, 2016. The newly formed China Cosco Shipping Corp. plans to boost its fleet by at least 50,000 20-foot-equivalent units to more than 2 million TEUs by year-end 2018. This could make the container line the world’s third-largest, displacing CMA CGM.
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