Orient Overseas Prepares to Spend as Growth Outpaces Cosco Shipping’s Total — Panjiva
Más

Supply Chain Research

Orient Overseas Prepares to Spend as Growth Outpaces Cosco Shipping’s Total

China 2967 Corp - Shipping 972 Global 1389 Mode - Containerized 1464 Mode - Seaborne 1797

Orient Overseas may soon order six new 23,000 TEU container vessels. That could add 4.9% to the total capacity of Cosco Shipping – Orient Overseas’ parent company – to bring its total capacity to 3.11 million TEUs once the current round of orders is completed. That would still only leave it as the third largest liner by capacity behind Maersk and MSC.
Further investments shouldn’t be ruled out. The Chinese government, via holding company SASAC, plans to create “world-class enterprises” in state-owned companies such as Cosco Shipping. ​​​​​​​Orient Overseas appears to have earned t...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.