 The bid has been accepted subject to shareholder and regulatory approval.This will make it the world's third largest container shipping company with a fleet of over 400 vessels.On 31 July 2009, the Panama-flagged bulk carrier, "Full City", operated by COSCO, experienced engine failure and ran aground near Langesund, Telemark, Norway, during a storm, spilling 200 tons of heavy bunker fuel oil in an ecologically and environmentally sensitive wildlife area.