Orient Overseas (International) Limited (OOIL) has sold its Long Beach Container Terminal (LBCT) for $1.78bn to a consortium led by Macquarie Infrastructure Partners (MIP).
The three Japanese carriers – K Line, MOL and NYK – have updated that it expects to get an approval from the South African authority for the merger of their container shipping businesses, following an earlier rejection by the country’s competition commission body.
The big three Japanese lines will engage with the Competition Commission of South Africa to review the authority’s recent rejection of their planned container lines business merger. But say work on the merger will proceed in the meantime.
The Competition Commission of Singapore (CCS) has given the nod to the proposed joint venture between Japan’s big three lines – Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK).
Sinotrans & CSC Holdings has confirmed it is going through a “strategic reorganisation” that is pending regulatory approval, further confirming the potential merger with compatriot China Merchants Group.
The US Federal Maritime Commission (FMC) has approved of a vessel sharing and slot charter agreement between members of the Ocean Three Alliance and Hanjin Shipping.
The Chinese government and the influential China Shipowners’ Association (CSA) have expressed concerns over the recently proposed 2M container shipping alliance between Maersk Line and Mediterranean Shipping Co (MSC).