ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Trade, not politics: Orient Overseas defends Cosco takeover

Hong Kong-based shipper says no pressure from China to sell business

Orient Overseas International Chief Financial Officer Alan Tung Lieh-sing delivers first-half earnings on Aug 7. (Photo by Jennifer Lo)

HONG KONG -- Hong Kong-based Orient Overseas Container Line blamed industry competition rather than political pressure on its decision to sell the half-century-old family business to a state-owned Chinese peer.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more