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

Shipping confidence dips thumbnail image

Shipping confidence dips

December 17 - According to the latest survey from international accountant and shipping adviser Moore Stephens, shipping confidence dipped slightly in the three months to end-November 2018 falling to 6 out of a maximum score of 10.
Views: 24
Multipurpose charter rates continue to rise thumbnail image

Multipurpose charter rates continue to rise

December 17 - Time charter rates in the multipurpose shipping sector have marginally increased over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 123
UAL's Caribbean expansion thumbnail image

UAL's Caribbean expansion

December 14 - Universal Africa Lines (UAL) will introduce a direct liner service connecting Europe with the Caribbean and the north coast of South America.
Views: 739

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