The four major shipping central enterprises have multiple overlapping businesses and a high degree of overlap, and excessive competition is not necessary: COSCO Group, China Shipping Group, China Merchants Group, and China International Shipping Changhang Group have multiple overlapping businesses in main business sectors such as consolidation, dry bulk transportation, and oil transportation, and the degree of professional operation is limited. COSCO China Shipping has a higher degree of overlap in its centralized and bulk transportation businesses, and excessive competition between different central enterprises, and even different branches within the same enterprise, often occurs to compete for supply of goods, resulting in unnecessary resource waste and loss of profits

The top-level design is in line with industry trends, and the integration of central shipping enterprises is expected to continue to strengthen:

(1) Industry trend - continuous losses are forcing groups to warm up, providing opportunities for integration and mergers and acquisitions

(2) The stone from another mountain - the shipping giant Maersk's 14 year record high profit indicates that scale is crucial for reducing costs, improving services, and increasing profits

(3) Top level design - shipping focuses on international competition, which is not easy to cause internal monopoly problems. Shipping integration meets the national strategic needs of the "the Belt and Road", "Free Trade Zone", and safeguarding the security of strategic materials. The top level design is expected to promote the integration of shipping central enterprises more strongly. The "Several Opinions on Promoting the Healthy Development of the Maritime Industry" issued by the State Council last year also emphasized accelerating mergers and acquisitions, promoting large-scale and specialized operations.

Integrated transportation is the most beneficial, and COSCO China Shipping has synergistic effects: 2M, G6, CKYHE, O3, and the four major transportation alliances account for 80% of the global transportation capacity, with high concentration. If COSCO and China Shipping merge, their transportation capacity will reach 1.56 million TEU, ranking fourth globally. The doubling of their position and market share will effectively enhance pricing power, control the pace of transportation capacity deployment, and accelerate the elimination of old and excess transportation capacity.

In terms of operation, COSCO Shipping has a large customer base and CKYHE alliance qualifications, with a deep foundation of cooperation with major customers. COSCO Shipping Shipping is good at controlling costs and has more advantages in efficiency; On the route, COSCO has a wide coverage area, multiple overseas sales outlets, and a high market share of domestic trade routes. The combination of the two is beneficial for opening up resources and reducing costs, improving efficiency and reducing consumption, and forming complementary business and route network

COSCO China Sea cooperation has a foundation, and China's mining transportation points may be a new starting point: COSCO China Sea has conducted in-depth cooperation in various aspects such as price hikes on European and American routes, domestic trade line alliances, group strategies, etc., and the leaders of the two major groups have experience in serving in each other, management, and mass foundation. Yesterday, the bulk transport platform under the two groups jointly set up China Mineral Transport. Buying four VALEMAX ships under Vale and signing a long-term transport agreement with them will be another major event for the two groups to cooperate in foreign projects and implement the the Belt and Road strategy. In the future, the two groups are expected to carry out more business and capital integration through China Mineral Transport, a new platform

Collaborated and published by the Lianying team, hacked and deleted