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Cosco and China Shipping join forces

17 October 2012
China Shipping Container Lines and Cosco Container Lines are co-operating in China to cut costs during the current market downturn, according to a Reuters report.

From mid-October China’s largest shipping lines will jointly operate container trade routes from north and northeast China to Fujian and Shantou in the southern province of Guangdong.

CSCL said the two carriers, which have a combined market share of 80 per cent in the domestic coastal container trade, would each deploy ships to jointly operate the routes.

     
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