Two of China’s largest shipping companies may be merged as part of a restructuring plan for State-owned enterprises (SOEs), media reports said on Monday [10 August 2015]. China may merge China Ocean Shipping Group, known as COSCO, the largest shipping company in the country by fleet size, with China Shipping Group, according to a Bloomberg News report that cited unidentified people familiar with the matter. If not a full merger, the government could instead combine some of their businesses, the report added…Full Article: The Global Times Aug 2015
- In April 2015, China announced it may attempt to merge 111 SOEs into 40 “national champions”.
- In December 2014, the SOE train producers, China CNR Corp and CSR Corp, merged.
- In 2014, the top Chinese ports in terms of container traffic of Twenty-foot Equivalent Units (TEUs) are Shanghai, Shenzhen, Hong Kong, Ningbo-Zhoushan, Qingdao, Guangzhou, Tianjin, Dalian, Xiamen, Lianyungang and Yingkou. In 2014, Shanghai was the world’s busiest container port with 35.2 million TEU transported through the port. In 2013, Shenzhen surpassed Hong Kong as China’s second busiest container port.