Middle East Overseas Shares International (OOIL) COSCO Hong Kong Delivered and jumped Monday after the giant Chinese ship offered $ 6.3 billion for smaller rival on Sunday.

Analysts say the price of the transaction, a 31.1 percent premium on previous financial statements OOIL, a high because the global container transport is just starting to emerge from a long depression and gives an overview of ambitions Cosco Worldwide.

OOIL shares in Monday morning rose to 20 percent, while shares in Hong Kong Cosco reached the highest level for nearly two years.

If the work is completed, it is Cosco delivery to the Danish Maersk line and the Swiss shipyard (MSC), the third largest container ship in the world.

“This is an expensive acquisition, global container lines from third-party beings,” said analyst Andrew Lee Jefferies in a note.

Beijing strengthens its maritime influence in the world

In their desire to talk with a state of belt and roads political initiatives to extend control of the Asian supply chain in Europe.

Cosco shipping is the product of the merger by country led the China Ocean Shipping (Group) and China Delivery Group, which was previously occupied sixth and seventh in any case the largest fleet of transport fleet in the world.

The agreement will see that Beijing has a greater hold on transport in Hong Kong, even though the port has lost a first port to their rivals from the world on the mainland.