Tagged: COSCO

Concerns with port takeover threat 0

Concerns with port takeover threat

The Maritime Union of New Zealand has warned against the takeover of New Zealand ports after shipping giant COSCO announced its interest in buying into New Zealand ports this week.

The Chinese state owned multinational corporation COSCO is one of the world’s largest shipping lines.

Maritime Union spokesperson Victor Billot says the Union is opposed to handing control of ports over to global operators.