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

China 1758 Corp - Shipping 608 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

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 appear...

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