The fate of the Hong Kong-listed parent of the Tung family’s liner operation, Orient Overseas (International) Ltd (OOIL), remains the subject of fevered speculation.
Talk of a possible merger involving Orient Overseas Container Line (OOCL) has led to its future alliance partners CMA CGM, Evergreen and Cosco Shipping — which this week was tipped by the Wall Street Journal to be preparing a $4bn-plus move — being described as “natural candidates”.
