HNA Holding Group (HNA) will make a voluntary general cash offer to acquire all the issued and paid-up ordinary shares of CWT Limited in a deal valued at approximately SGD1.4bn ($994.8m).
Mitsui OSK Lines (MOL) is boosting its logistics capabilities, acquiring a 20.9% stake in leading Malaysian logistics company PKT Logistics Group (PKT).
AP Moller-Maersk Group has elected Jim Hagemann Snabe as its new chairman with the former SAP to help steer the shipping and logistics giant’s digital transformation.
INTTRA has moved into the repositioning of empty containers on the landside with the acquisition of Avantida in Europe with an aim to rapidly expand the service.
The Chilean logistics company SAAM reported a profit for $54.5m in 2016 up 5.6% on the previous year.
China Cosco Shipping Corporation Limited (Cosco Shipping) has set up a logistics investment fund, backed by the provincial government, to raise around RMB6bn ($874.2m) for investments in areas including cold chain logistics, logistics infrastructure, industrial parks, and e-commerce.
Saudi logistics firm Bahri has signed a contract with Saudi Rail Company (SAR) to provide transportation and shipping services from around the world as well as customs clearance support.
Chinese conglomerate HNA Group has registered a new entity in China’s Xi’an city, formed from the merger of its subsidiaries HNA Logistics and HNA EcoTech.
Logistics and railway company Asia Energy Logistics (AEL) is making a foray into the heavy lift business with the purchase of a heavy lift vessel.