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FeatureCosco Shipping makes $6.3 billion bid for OOIL
Cosco Shipping lines is leading a bid to buy rival Orient Overseas (International) Ltd (OOIL) for HK$49.25 billion ($6.3 billion), as consolidation in the shipping industry continues.OOIL is the seventh largest container shipping company in the world, with extensive container shipping routes and networks. Cosco Shipping is currently the fourth ...