How China could dominate the global shipping scene
Gary Ferrulli, president-North America, Unicon Logistics. |
<p class="MsoNormal" style="margin-bottom: .0001pt; line-height: normal;">Two announcements already this year have the container industry abuzz, and one could be a game-changer. OOCL may be for sale, with pundits citing Cosco, Evergreen, China Merchants, and CMA CGM as possible buyers. But China’s announcement that it will invest $26 billion in Cosco over the next five years is the true game-changer.</p>
Container lines