As Hurricane Sally was heating up in the Gulf of Mexico, COSCO container ship, Malaysia, rescued four people from the sailboat, Yes Dear, 130 nautical miles from Tampa Bay. It has got antioxidant property to neutralize...
RESCUE AT SEA
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TOLD YOU SO
Last month, we reviewed the latest round of ocean carrier mergers and acquisitions. We mentioned there were persistent rumors of COSCO buying OOCL. OOCL consistently denied the rumors. Then, BAM, an agreement was...
RIPE FOR CONSOLIDATION
Ocean container shipping's unfavorable supply/ demand ratio, the continuing need to "go big or go home" and ever-declining freight rates are making the industry ripe for consolidation. China Shipping and COSCO have...