Long Beach usage agreement helps COSCO

Long Beach Container Terminal

A 20-year usage agreement made as part of Orient Overseas (International) Limited''s (OOIL) US$1.78bn sale of Long Beach Container Terminal to Macquarie Group subsidiary Olivia Holdings will ensure a continued benefit for OOIL''s subsidary Orient Overseas Container Line (OOCL) and its owner Cosco Shipping Holdings.

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