Risk Spillover

Cosco Shipping Holding → Maersk

Cosco Shipping Development → Maersk

Cosco Shipping Development → OOCL

Cosco Shipping Holding → OOCL

China Merchant Steamship

Cosco Shipping Energy → Star Bulk

Forward

0.1439

0.1149

0.0706

0.0384

0.0235

0.0092

Reverse

0.2222

0.0730

0.0604

0.0408

0.0251

0.0365