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Cosco Shipping Holdings has received all the approvals required for its takeover of Orient Overseas International one day ahead the 30 June deadline for the $6.27bn. A statement issued on 29 June Cosco Shipping said all preconditions for the takeover offer of the Hong Kong-listed, family-owned container shipping company had been met. Outstanding approval from […]
Exclusive: France’s CMA CGM made merger approach to Germany’s Hapag-Lloyd – sources Jonathan Saul, Arno Schuetze LONDON/FRANKFURT (Reuters) – The world’s no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd (HLAG.DE) over a possible merger as players in the sector hunt for tie-ups to beat depressed […]
Maersk and IBM to form joint venture applying blockchain to improve global trade and digitise supply chains A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM) today announced their intent to establish a joint venture to provide more efficient and secure methods for conducting global trade using blockchain technology. Traditional cross-border shipping processes usually involve […]