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China: Mega shipping merger faces some concerns

By  |  August 11, 2015

The potential mega merger between two state-run shipping conglomerates, China Shipping Group and Cosco Group, which could be the largest ever merger in China’s shipping industry, has drawn varied opinions on its impact.

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    Industry observers reckon the merger would be much more complex than the tricky merger between the other two state-run shipping groups, Sinotrans and Changjiang Shipping Group.

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    The combined assets of China Shipping Group and Cosco Group is about RMB530bn ($83.8bn) and half of the assets are based outside the mainland. The two groups also control eight listed companies in total.

    Their is a possibility is that the two groups merge as one super group, which will have a larger scale of assets to compete in the market.

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