Orient Overseas could be acquired by either COSCO, CMA CGM or Evergreen according to Caixin. COSCO would seem the most likely after it secured $26 billion “for all kinds of financial servicing needs” from CDB. All four are part of the Ocean alliance, but a reduction in capacity or orders would be needed for a deal to be for the good of the industry overall. Panjiva analysis of Alphaliner data shows a combined COSCO / Orient Overseas would have 678,000 TEU of orders, or 79% of their existing, owned capacity.
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