New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
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Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The European Commission has cleared the proposed acquisition of German ocean carrier Hamburg Süd by industry leader Maersk Line, provided the company withdraws from five trade-route specific vessel sharing agreements.
Fellow Hamburg-based containership owners Leonhardt & Blumberg and Buss Shipping have agreed to form a new joint ship management venture that will sport a fleet of 55 feeder-size vessels, the firms said in a joint statement.