A.P. Moller-Maersk's main sea freight business faces the threat of a new price war in a consolidating industry, though the company has been fortified by the $7.5 billion sale of its oil and gas business to France's Total Reuters reported.
News ID: 75885 Publish Date : 2017/08/26
French container shipping giant CMA CGM Group and specialised reefer transporter SEATRADE Group have joined forces on the creation of a new vessel sharing agreement.
News ID: 75061 Publish Date : 2017/07/19
Loss-making Yang Ming Marine Transport Corp is planning to make a public offering of 500m share s as part of the company’s ongoing recapitalisation plan to stabilise its weak financial standing.
News ID: 75040 Publish Date : 2017/07/18
CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent.
News ID: 73591 Publish Date : 2017/04/24
Cosco Shipping Ports has announced a plan to acquire share s in Qingdao Port International Co by way of both equity interest transfer and cash.
News ID: 71794 Publish Date : 2017/01/23
Cosco Shipping International (Hong Kong) Co (CSIHKC) has announced a plan to acquire CSHT Marine Machinery Suppliers from China Merchants Hoi Tung Trading Company and Cosco Shipping Financial Holdings Co.
News ID: 70837 Publish Date : 2016/12/13
Dr: Mohammad Saeedi:
The director of Islamic Republic of Iran Shipping Line (IRISL) stated: in spite of complex regional and international conditions as well as tough competition with commercial rivals , with achieving an acceptable profit, Khazar Sea Shipping has managed to obtain a significant share of the regional market.
News ID: 70457 Publish Date : 2016/11/21
South Korean shipbuilder Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.14 trillion (USD 997 million), according to the company’s stock exchange filing.
News ID: 70152 Publish Date : 2016/11/07
China’s COSCO Shipping Development Co Ltd announced a proposed nonpublic issuance of about 3.28 billion share s to specific investors, including its parent company, to raise up to 12 billion yuan ($1.79 billion), reports China Daily.
News ID: 69537 Publish Date : 2016/10/30
Hurdles to concluding the concession sale to Piraeus port to China’s Cosco Group are being cleared, with the final one expected to be overcome before the end of the month, when parliament is due to vote of the Euro 668.5m ($750m) deal.
News ID: 66070 Publish Date : 2016/06/25