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...
China Cosco Shipping Corporation Limited (Cosco Shipping) has entered into a strategic partnership with China’s real estate developer Greenland Holdings Corp over assets investment and logstics development.
China’s Yangzijiang Shipbuilding has established a non-state-owned investment holding firm in Jiangsu province to provide the group with an alternative source of income, amid the tough shipbuilding market.
Alternative investment firm Uni-Asia Holdings has improved its full year 2015 charter income from its main dry bulk fleet, despite a rise in vessel operating expenses.
Malaysia and China are working to boost connectivity between their sea ports to raise bilateral trade to achieve a trade volume of $160bn by 2017, local reports said.
China’s Yangzijiang Shipbuilding has completed a series of investments and disposals, in line with the company’s strategy to divert its attention from the non-core businesses into the core shipbuilding and related businesses.
Shanghai International Port (Group) Co (SIPG) is looking to invest in Germany’s Hamburg and Bremen ports, as it continually seeks opportunities to own or operate overseas ports, reports said.
Yangzijiang Shipbuilding’s subsidiary Jiangsu New Yangzi Shipbuilding Co has invested RMB105m ($16.9m) in non-shipbuilding businesses.
Guangzhou Ocean Shipping, wholly-owned by Cosco Shipping, will invest RMB240.62m ($39.28m) to acquire a 11.49% stake in Total Lubricants (China).
Seaspan Corp is mulling buying over Great China Intermodal Investments (GCI), and investment partnership it has with the Carlyle Group and others.