Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Cosco shipping makes a Cogent offer

November 3 - Beijing, China-based Cosco Shipping has made a voluntary conditional cash offer to acquire the Singapore-based logistics firm Cogent Holdings.

The Bank of China, which made the offer on behalf of Cosco, issued a statement in which it said the offer was for all of Cogent's ordinary shares.

The total offer value is USD488.07 million, equating to USD1.02 per share.

Describing the rationale behind the offer, Cosco said it has a well established logistics business network throughout China and its aim would be to leverage the new business platform to develop opportunities in the logistics sector in Southeast Asia, taking advantage of China's Belt and Road Initiative.

 

www.coscocs.com

www.cogentholdingsltd.com

Heavy Lift | News

ALE executes pit move thumbnail image

ALE executes pit move

October 18 - ALE has lifted and transported a sulphur storage facility for the Lindsey Oil Refinery in the UK.
Views: 301
Bichowski joins AMT thumbnail image

Bichowski joins AMT

October 18 - Switzerland-headquartered logistics and supply chain specialist AMT has appointed Frank Bichowski as its chief commercial and operations officer.
Views: 396
STS cranes arrive in Charleston thumbnail image

STS cranes arrive in Charleston

October 18 - Three ship-to-shore (STS) cranes have arrived at South Carolina Ports Authority’s (SPCA) Charleston Harbor on ZPMC’s heavy lift vessel Zhen Hua 28.
Views: 346
DPDHL and Total target sustainable logistics thumbnail image

DPDHL and Total target sustainable logistics

October 18 - Deutsche Post DHL Group (DPDHL Group) and Total have signed a strategic cooperation agreement to strengthen their collaboration on sustainable mobility, low-carbon energies, logistics and transport services.
Views: 508

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.