Latest news from Heavy Lift & Project Forwarding International Magazine

Cosco completes OOCL takeover

Cosco Shipping has completed the acquisition of Orient Overseas International Ltd (OOIL) and its subsidiary Orient Overseas Container Line (OOCL).

Earlier this month, Cosco Shipping secured approval from the Anti-Monopoly Bureau of China to proceed with the USD6.3 billion takeover.

Cosco Shipping now operates a fleet of approximately 400 vessels with a combined capacity of 2.7 million teu.

www.ooilgroup.com

en.chinacosco.com

www.oocl.com

Heavy Lift | News

CMA nears 90 percent stake in Ceva thumbnail image

CMA nears 90 percent stake in Ceva

March 19 - France-headquartered container shipping line CMA CGM is on course to control 89.47 percent of the shares in Swiss freight forwarder Ceva Logistics following a public tender.
Views: 519
Hamilton on acquisition trail thumbnail image

Hamilton on acquisition trail

March 15 - Bermuda-based Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Ironshore Europe DAC (IEDAC).
Views: 969

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