OOCL committed to G6 as liners discuss new alliances
OOCL Logistics | March 07, 2016
Hong Kong-listed OOCL is committed to remaining with the G6 Alliance, said chief financial officer Alan Tung, but "everyone is talking to everyone" as two huge merger and acquisition deals threaten to redraw the alliance structures by the end of the year. “Are industry leaders talking to each other? Of course they are,” Tung said at the annual results announcement of OOCL parent Orient Overseas (International) Ltd. “With this type of situation, where everyone is waiting to see what happens to the M&As, everybody is talking to everybody. “