The $6.3bn sale of Orient Overseas Container Line (OOCL) to Cosco Shipping Holdings proves one thing it has been hard to believe for years: it is possible to make money out of the container liner business. But only, perhaps, by selling out to buyers prepared to pay over the odds.
The Chinese group is paying a remarkably strong price for Orient Overseas International Ltd, the holding group for the Hong Kong-based liner company.
