'Slow season' and ocean network stabilisation easing pressure on rates
While container spot rates on the Asia-Europe and Asia-North America trades continued to remain elevated, ...
I have wondered how to value certain “strategic” infrastructure assets in the shipping world ever since we reported last year that COSCO appeased US security concerns over its acquisition of OOIL and its container arm OOCL by agreeing to concede ownership of the OOCL-operated Long Beach Container Terminal (LBCT) to a US trust pending its sale to a third party.
That sale now is expected to complete by mid-2019, so it seems a good time to test some assumptions.
Back-of-the-envelope calculations
The sale of ...
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Alex Lennane
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During August 2023, please contact
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Alessandro Pasetti
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