Orient Overseas (International) Ltd (0316.HK)
18 Oct 2018
FRANKFURT German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday.
* Mid-term fundamentals positive, but trade wars a threat (Adds reference to M&A talk, business environment)
BEIJING China's COSCO Shipping Holdings said on Sunday a key U.S. review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL) on security issues.