China Cosco Shipping Corporation Limited has been officially launched on Thursday in Shanghai, gelling together China’s two biggest state-owned shipping conglomerates – China Cosco Group and China Shipping Group (CSG). The merged China Cosco Shipping is led by chairman Xu Lirong, current chairman of CSG, while China Cosco’s deputy general manager Wan Min has assumed the position of president. Since the merger news circulated last year, eight listed companies of the two shipping groups saw their shares trading halted in August, before Beijing officially approved the merger in December.
