The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
Dubai-based DP World Ltd. raised $1.2 billion from the sale of Islamic bonds and said a tender offer to buy back securities received 48 percent more bids than the target.
The third-party logistics provider has partnered with Jinbei Automotive to build a 42,000-square-meter facility in the Shenyang Tiexi district of northeast China, the DB Schenker’s second largest logistics center in the country.
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The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance's new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was off-hire, according to Maersk Line officials.
The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to an analysis from BlueWater Reporting.
The 12,500-TEU containership MSC Fabiola was successfully refloated early Saturday morning, allowing vessel traffic in the important cargo gateway to resume as normal, according to a customer advisory from shipping agency GAC.