COSCO 'bidding' for Orient Overseas

Source says race to buy HK's biggest container shipping line hotting up

Chinese media outlet Caixin reported China COSCO Shipping Corp and other liners will bid for Orient Overseas International Ltd, owner of Hong Kong's biggest container-shipping line.

Evergreen Marine Corp Taiwan Ltd and CMA CGM SA are also bidding, according to the report, which cited an unidentified employee of COSCO Shipping.