Knights of Old parent enters administration, but sister firm Nelson is saved
The parent company of the UK’s most recognised haulage name – Knights of Old – ...
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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