China Ocean Shipping Company (COSCO) announced on Friday it had bought China Ocean Shipping Tally Company (COSTACO), in a move expected to sharpen the competitiveness of the country’s largest shipping firm. The merger is seen as a big step in China’s State-owned enterprises (SOEs) reform because COSCO was on the central government’s list of 30 to 50 promising large SOEs, which are being strengthened to tackle global competition.
Green Marine
about 21 years ago
Shipping giant COSCO sets sail for big time
China Ocean Shipping Company (COSCO) announced on Friday it had bought China Ocean Shipping Tally Company (COSTACO), in a move expected to sharpen the competitiveness of the country’s largest shipping firm. The merger is seen as a big step in China’s State-owned enterprises (SOEs) reform because COS
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