Long Beach is the second largest container terminal in the US. Photo: AFP

US security concerns force Cosco-owned Orient Overseas to sell Long Beach port in California

  • Sale of Hong Kong-based firm that had run the terminal for three decades to Chinese state-owned Cosco in 2017 raised concerns among US security agencies
  • Share price of OOIL rises as sale of second largest port in the US is expected to net a US$1.29 billion gain
Topic |   Cosco Shipping

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Long Beach is the second largest container terminal in the US. Photo: AFP
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