P&O BULK SHIPPING TO MERGE WITH CHINA GROUP
Container line P&O Nedlloyd's 3rd-qtr profits higher
British shipping group Peninsular and Oriental Steam Navigation
(P&O) plans to merge its bulk shipping operations with Chinese
industrial giant Shougang Group.
P&O said the merged company would create one of the world's
largest dry cargo fleets, of over four million deadweight tonnes.
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