Recombination of Cosco and CHINA SHIPPING was completed
On 18th Feb. China cosco shipping group was established in Shanghai, which means the curtain is closed for recombination of these two giants was completed.
COSCO and its listed companies suspended in last August, which indicates the begin of reforming and recombination, at the beginning of last December, the Chinese government approved recombination plan of these 2 groups.
Now the recombination faces the challenge of shipping market, the establishment of new group still need time to prove themselves under the market.