Singamas Container Holdings has entered into an agreement with Cosco Shipping Financial Holdings to sell its entire interest in five of its companies in China for a total of RMB3.8bn ($565m) in cash.
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).
Singamas Container Holdings has entered into a framework agreement to dispose of five of its wholly-owned subsidiaries for up to RMB4bn ($595.9m) in cash, a significant sale that is set to slice the group’s annual twenty-foot equivalent container production capacity by at least half.
China Huarong Energy Company Limited, formerly known as Rongsheng Heavy Industries, announced that the company had completed the disposal of shipbuilding and engineering businesses.
Royal Boskalis Westminster N.V. (Boskalis) and its co-shareholder Kotug International B.V. (Kotug), have signed a letter of intent (LOI) to sell Kotug Smit Towage to Boluda Group.
First Ship Lease Trust (FSL Trust) has disposed of a MR product tanker to fund newbuilding acquisition and make debt repayment.