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 ...
Maersk u-turn as port congestion increases across Northern Europe
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Keep our news independent, by supporting The Loadstar
Houthis tell Trump they will end attacks on Red Sea shipping
Container spot rates diverge: to Europe still falling, but firmer to the US
Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
Containership charter market feels the ripples from trade tensions
Ecommerce likely the front-runner in resurge of transpacific trade after deal
Comment on this article