Controlling the cargo ways
NewsAlready the world’s manufacturing hub, it seems that China is now keen to control a larger slice of the globe’s main container corridors and maritime businesses.
China Shipping Container Lines (CSCL) has entered into preliminary discussions with its parent company, China Shipping (Group) Co, concerning the possible acquisition of the latter’s entire equity interest in China Shipping Terminal Development Co Ltd (CSTD) for around Yuan2B (US$281.7M).
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