After taking over full equity interest in CSP Zeebrugge Terminal in November 2017, Cosco Shipping Ports (CSP) has announced that it as planned, has sold a 10% stake to CMA CGM Group’s container terminals unit CMA Terminal.
Hapag-Lloyd's second largest shareholder Klaus-Michael Kühne has publicly rejected the idea of merger with CMA CGM saying if anything it would rather takeover the French line.
A week ago we wrote that the latest round of consolidation in the container shipping sector appeared largely complete with regulatory approval for Cosco Shipping to buy Orient Overseas International Ltd (OOIL), but yesterday up pops the story that...
CMA CGM has become the latest high profile container shipping line to pull out of Iran following the Trump administration’s decision to renew sanctions on companies operating in the country.
Last week marked what was essentially the beginning of the end of the latest round of container shipping consolidation. Ocean Network Express (ONE) held its official launch reception in Singapore on Thursday, and day later all the conditions being...
Amid innovative new technology, a wistful and commemorative air hung over the opening of the 25th biennial ITS (International Tug, Salvage & OSV) Convention and Exhibition held in Marseille this week.
As the challenges mount for global shipping, there is a greater need for ever higher levels of efficiency. This was the premise for the setting up of the Port Call Optimisation Task Force, which was driven by calls from major shipping companies...