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26 September 2018 The on-line newspaper devoted to the world of transports 04:38 GMT+2



December 6, 2017

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Original news
The EU commission authorizes COSCO Shipping to buy the OOIL

According to Brussels, the fusion will not have an impact negative on the competition in the markets of the containerized marine transports, the terminals and shipments

The EU commission has approved of the acquisition of the Orient Overseas (International) Ltd. (OOIL), society of Hong Kong who work marine lines of containerized transport with the brand Orient Overseas Container Linens (OOCL), by shipowning group Chinese COSCO Shipping(on 10 July 2017).

The fusion project is notified to the EU commission 27th October and is authorized according to the communitarian regulations on the concentrations. The project is estimated on the base of the impact that the proposed operation will have on the markets in which COSCO and OOIL operate, and in particular that of the line services. The Commission has specified that, taking into consideration the alliances and of the consortia to which the two companies participate, the fusion will have an impact on eight marine routes, that is the services in both the directions between North Europe and Nord America, between North Europe and Estremo East, the Mediterranean and Middle East and the Mediterranean and Estremo East.

In particular, Brussels has found that the combined market share of COSCO and OOIL and the consortia/alliances to which they belong will become very consisting on the routes between North Europe and Nord America. However the EU commission has considered that the concentration will not determine distortions of the competition as on such routes is the presence of competitors of meaningful importance, because the companies concurrent are not directed and that COSCO has a marginal presence on the routes between North Europe and Nord America.

At last - it has observed the EU commission - on the other marine routes the activities of the two companies are overlapped and the fusion with will involve distortions of the competition because of the small increase of the combined market share and the concurrent important presence. Problems not even for the impact of the fusion on other correlated markets are not found, between which that of the terminalistici services and the shipment activities.

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