Captain Xu Lirong, the incoming chairman of OOIL, says combining its strengths with those of Cosco Shipping will optimize the group’s global network, while achieving greater economies of scale and synergies.
The China Cosco Shipping Corporation (CoscoCS) boss says that OOIL is set to become more competitive and exert a greater influence in the market.
He says CoscoCS, which is acquiring OOIL in a $6.3bn
