China Merchants consolidates Sinotrans ownership to enter box shipping sector

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 ...

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Nov 1, 2021• Comments•

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News / Antong to be swallowed up by state-owned China Merchants group

A reshuffling of the state-owned China Merchants group’s container shipping business will see Antong Holdings, ...

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Jun 13, 2024• Comments•

News / Regional growth powered strong 2022 earnings for intra-Asia carriers

Intra-Asia carriers generally did better last year than in 2021, as cargo volumes and revenue ...

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Jun 5, 2023• Comments•

News / PCTC charter rates hit record highs as capacity stays tight

It now costs a record $110,000 a day to charter a pure car and truck ...

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Apr 18, 2023• Comments•

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