By Paul Lucas2018-08-01T15:55:00+01:00
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.
The Grimaldi Group and Armas Trasmediterránea Group have signed a memorandum of understanding (MoU) that will see a sale of assets and greater collaboration between the companies.
The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s Multipurpose Shipping Annual Review & Forecast.
Royal Wagenborg’s multipurpose vessel Máxima has been certified according to the Clean Shipping Index.
The Project Cargo Breakbulk (PCB) Future Projects exhibition and conference in Houston, USA, has been postponed to November 3-4, 2021.
Russia’s Delo Group has approved its long-term strategy, which includes the development of its project logistics services and transportation of large-tonnage cargo.
Fracht has appointed Václav Hřebeček as airfreight and sea freight manager of its office in Prague, Czech Republic.
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