OOCL: Confidence in the acquisition of COSCO Controls is completed on schedule and revenue growth in the first quarter reached US$1.37 billion!
Recently, Dong Lixin, president of OOCL Finance, said he is confident that the progress of COSCO’s acquisition of the company can be completed on schedule, June 30th. According to market rumors, the large container terminal at the California Long Beach in the United States may be subject to change due to the Sino-US trade war, which caused COSCO to take over the Long Beach Pier. Dong Lixin responded that it is communicating with the U.S. regulatory authorities and the company is More than 70 countries have the right to operate. They have been communicating with local regulatory agencies. Dong Lixin stated that protectionism is not positive for the shipping industry. The situation in last year and the first quarter of this year were not uncommon. Therefore, they need to wait and see again. However, the United States does not only purchase from China. Even if the US-China route is affected, there are still other Asian regions. American routes can be added. According to ...