CMA CGM eyes car-carrier market boom as liners are ready to invest
French container carrier CMA CGM, already spreading its wings by entering the air cargo and ...
Cosco Shipping Holdings and Shanghai International Port Group (SIPG) have invested ¥2bn ($280m) in SAIC Anji Logistics, the shipping subsidiary of compatriot state-owned car maker SAIC Motor, as Chinese shipping companies continue to expand in the vehicle carrier segment.
The investment, equally divided between Cosco and SIPG, gives each a 10% stake in SAIC Anji, whose share capital will increase to ¥750m ($103m), from ¥600m ($82m).
The company is building a fleet of 14 pure car ...
Trump tariffs see hundreds of cancelled container bookings a day from Asia
'To ship or not to ship', the question for US importers amid tariff uncertainty
'Disastrous' DSV-Schenker merger would 'disrupt European haulage market'
'Chaos after chaos' coming from de minimis changes and more tariffs
Forto 'sharpens commercial priorities' as it lays off one-third of staff
List of blanked transpac sailings grows as trade war heats up and demand cools
EC approves DSV takeover of DB Schenker
Overcapacity looms for ocean trades – with more blanked sailings inevitable
Amazon Air’s metamorphosis: 'a different air cargo unit from two years ago'
Shippers in Asia restart ocean shipment bookings – but not from China
India withdraws access for Bangladesh transhipments, in 'very harmful' decision
'Tariff hell' leaves industries in limbo – 'not a great environment to plan'
Comment on this article