News / Despite freight rate fall, LC Logistics goes ahead with Hong Kong IPO

Photo: VesselFinder

25/09/2023

LC Logistics, parent of Chinese NVOCC BAL Container Line, went ahead with its initial public offering today, raising HK$145.64m ($18.63m) after listing 28.3m shares on the Hong Kong Stock Exchange at HK$5.13.

Amid the reversal of fortunes in the container shipping market, where freight rates have ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber