China shipping merger plan not tackling supply problem
State-owned entities with overlapping businesses in competitive industries seen as next in line for consolidation
Thu, Aug 13, 2015 - 5:50 AM
CHINA could be creating Asia's biggest container shipping company through a merger of two titans. But the plan doesn't address the central issue confronting the industry for at least five years now: too many ships, with too much cargo space, plying the seas.