China’s SF Holdings is reportedly in talks to acquire Kerry Logistics Networks, according to a Reuters report.
Referencing sources close to the matter, Reuters said that a deal proposal could be announced in the coming week.
Shares of Kerry Logistics rose approximately 25 percent on Thursday last week, giving the company a market cap of USD5.44 billion.
Rhenus Air & Ocean plans to acquire a part of BLG Logistics Group’s freight forwarding business.
The Belgian ports of Antwerp and Zeebrugge are to join forces – a process that is expected to take a year to finalise.
S.F. Holding will take a 51.5 percent stake in Kerry Logistics Network.
Royal Boskalis Westminster reported a drop in revenue and a net loss in 2020. However, the company said that it exceeded expectations during 2020 and it is in a strong position for the year ahead.
UTC Overseas has appointed Bryan Fathauer as senior vice president, US operations.
USA-based Bigge Crane and Rigging has opened a maintenance facility in Houston, Texas.
