WALL STREET JOURNAL: U.S. Questions Cosco’s Takeover of Cargo Terminal in Long Beach




April 20th, 2018 | By Costas Paris and Joanne Chiu—  

A U.S. national-security review has raised concerns about Chinese state-run conglomerate Cosco Shipping Holdings Co. taking control of a large container terminal in Long Beach, Calif., according to people familiar with the matter.

The terminal is part of Cosco’s proposed $6.3 billion purchase of an Asian shipping rival, which holds a long-term concession to operate the facility at the Port of Long Beach, one of the biggest gateways for imports into the U.S.

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