COSCO Shipping Denies OOCL Bid Reports
Rumors that COSCO Shipping Corp plans to bid for Hong Kong's Orient Overseas Container Line (OOCL) are incorrect, a spokeswoman for the Chinese shipping giant said on Friday.
"We deny these rumors," she told Reuters.
On Wednesday, the Caixin newspaper reported that the company would participate in bidding for the unit of Orient Overseas International Ltd, alongside Taiwan's Evergreen Marine Corp and France's CMA CGM.
Reporting by Brenda Goh