China 's container Group is in talks to purchase rival Hong Kong 's Orient Overseas for around $ 4bn , say sources , amidst the ongoing container shipping industry crisis whereby containers are struggling to stay profitable . In the last two decades , smaller companies such as container Overseas have been increasingly merging or been taken over by larger conglomerates .
China's Cosco Group is in talks to purchase rival Hong Kong's Orient Overseas for around $4bn, say sources, amidst the ongoing container shipping industry slump whereby companies are grappling to stay profitable. In the last two years, smaller liners such as Orient Overseas have been increasingly merging or been taken over by larger conglomerates.