Cosco has completed its acquisition of OOIL, parent company of shipping line OOCL, and promised the Hong Kong-based carrier would continue to operate independently.
However, the Chinese carrier also it said it would consider “deepening” the cooperation between them.
It said: “Both liners will make their own decisions on rates based on their own business strategy/policy and characteristics of respective products and maintain their own pricing and approval systems.”
The dual brand strategy would see Cosco …
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Source: The Loadstar