Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
TS Group and LC Logistics, respective holding entities for Taiwanese liner operators TS Lines and BAL Container Line, are going ahead with attempts to raise funds from the capital markets.
Both groups have applied for an IPO on the Hong Kong Stock Exchange, filing applications on 28 and 24 October, respectively, with fund-raising targets and a timeframe for the listings not firmed up as yet.
JP Morgan and China Merchants Securities International are joint bookrunners for TS Group’s IPO.
TS says in its ...
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