Latest news from Heavy Lift & Project Forwarding International Magazine

COSCOL confirms price paid for Guangzhou Ocean Shipping

December 12 - Further to our report from earlier this week, COSCO Shipping Company (COSCOL) has advised that its acquisition of 100 percent of the shares in Guangzhou Ocean Shipping from China Ocean Shipping (Group) Company on December 5, was completed wi

An official statement says of the acquisition that: "In general, it is of great significance for COSCOL to speed up, despite (the) market slump, the realisation of its strategic goal of becoming the greatest competitor of the global specialised shipping market."

The statement adds that the acquisition includes 26 vessels of 486,000 dwt in total. With the acquisition, the fleet of COSCOL specialised cargo ships has been expanded from 69 to 95 ships; with an increase total tonnage from 1.559 million dwt to 2.045 million dwt.

Heavy Lift | News

TRACE launches e-Gov portal thumbnail image

TRACE launches e-Gov portal

February 15 - Anti-bribery trade association TRACE International has launched its e-Gov Portal.
Views: 210
Bolloré and Cosco strengthen ties thumbnail image

Bolloré and Cosco strengthen ties

February 15 - Bolloré Transport & Logistics and Cosco Shipping Lines have signed a memorandum of understanding (MoU) to strengthen their commercial relationships, while exploring new opportunities for cooperation in transport, logistics and port infrastructure.
Views: 349
DSV ups Panalpina bid as Agility enters the fray thumbnail image

DSV ups Panalpina bid as Agility enters the fray

February 15 - Panalpina’s board of directors confirmed that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF180 (USD178.9) per share, all in cash.
Views: 361

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