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News / China Merchants consolidates Sinotrans ownership to enter box shipping sector

Sinotrans containers
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China Merchants Energy Shipping (CMES) said on Friday it would enter the container segment by fully acquiring its affiliate, Sinotrans Container Lines (Sinolines), for $316m.

CMES, the second-largest Chinese state-controlled shipping group after China Cosco Shipping Corporation, is currently active in the crude oil tanker and ...

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    China China Cosco Shipping China Merchants Energy Shipping China Merchants Group Intra-Asia Sinotrans Container Lines Takeover Talk