Latest news from Heavy Lift & Project Forwarding International Magazine

Cosco gets the green light for OOCL acquisition

Cosco Shipping’s acquisition of Orient Overseas Container Lines (OOCL) has received approval from Chinese anti-trust authorities.

Cosco announced its intention to buy OOCL's parent company, Orient Overseas International Ltd (OOIL), for HKD49 billion (USD6.3 billion) last year, as HLPFI reported here.

The latest consolidation in the global maritime industry will see the two members of the Ocean Alliance combine their activities and operate more than 400 vessels, with a capacity exceeding 2.9 million teu.

www.ooilgroup.com

en.chinacosco.com

www.oocl.com

Heavy Lift | News

Visser steps up at Buss Eemshaven thumbnail image

Visser steps up at Buss Eemshaven

November 22 - Buss Terminal Eemshaven in the Netherlands has appointed Reindert-Jan Visser as managing director, joining Martin van den Heuvel.
Views: 2113
Hiab completes Effer acquisition thumbnail image

Hiab completes Effer acquisition

November 8 - Hiab, has acquired knuckle-boom crane manufacturer Effer from CTE Group for an enterprise value of EUR50 million (USD57.1 million).
Views: 2958

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