Cosco and China Shipping Group (CSG) will focus on an "asset restructuring" of their four main businesses following a partial merger announced last week.
Over the weekend their four major listed group companies - China Cosco Holdings Company (CCHC), CSDC, CSCL and Cosco Pacific - released more details of the tie-up.
The aim is to "strengthen business development capacity and promote international operating level and sustainable development," they said, with a restructuring to take place in container shipping, bulkers, tankers and ship finance.
The
