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OSL Shipping on growth path as CLSA chips in $100m

OSL Shipping on growth path as CLSA chips in $100m

Singapore: There's a strong Hong Kong focus to the 36th issue of Seatrade Asia Week out just now. On the front of the regional newspaper is news of the first ever private equity buyout of a Hong Kong shipping line. An investment vehicle set up by CLSA Capital Partners has bought handymax operator OSL Holdings, a shipping line with firm expansion plans as outlined in our exclusive interview with the new ceo.
Inside the paper Hong Kong continues to hold sway with a report on how 24 shipping bodies from the Special Administrative Region met this Tuesday to try and formulate a common maritime agenda for the local government to pursue in the light of strong competition from both Singapore and Shanghai.
Over in India, meanwhile, our Mumbai correspondent catches up with Gautam S
Adani, the founder and president of Adani Group, who details his upcoming $1.52bn fleet buildup while this week's legal focus provides a useful guide to the confusing state of play regarding Indonesian cabotage.
 No other shipping title has invested in such a wide, expert network of Asian correspondents. Seatrade Asia Week comes out 50 times a year and is priced at just $300 a year. To subscribe or for a free trial contact lya@seatrade-asia.com.  [10/12/10]

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