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Consolidation

From containers to tankers, from ship owning to ship management, market forces continue to incentivise mergers and acquisitions

HSH Nordbank confirms feedership loan sale

Bank sells JR Shipping debts to UK-based fund ahead of privatisation

Europe Germany Containers
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Set Alert for Lloyd's List Hot Topics :: Consolidation

SITC raises first-half profits on higher volumes and rates

SITC said it would focus exclusively on the intra-Asia market as it believes that this market will continue to experience healthy growth

Asia Pacific Containers

DSV expects boost from Panalpina’s freight expertise

Danish forwarder expects to benefit from scale and complementary forwarding capabilities, such as LCL and air charter networks

Ports and Logistics Containers

Adani set to acquire stake in Krishnapatnam port

The deal, if successful, will be APSEZ’s third acquisition on the east coast of India following the purchase of Dhamra port in 2014 and Kattupalli port in 2016

India Ports and Logistics

China’s Ouhua Shipbuilding sold for $135m

The assets disposed of include Ouhua’s shipbuilding facilities on Xiaoqian Island in Zhoushan and eight vessels under construction

Asia Pacific Containers

DSV completes acquisition of Panalpina

DSV expects the process to take two to three years, with most of the operational integration being completed within two years

Europe Containers

Fredriksen enters bunkering joint venture with Trafigura

Frontline and Golden Ocean Group will acquire 10% and 15% interests in the venture respectively

International Bunkers

Merger with CSSC won’t create a monopoly, says CSIC chairman

Chairman of China Industry Shipbuilding Corp claims the two only account for less than 50% of the country’s total shipbuilding capacity and less than 15% of the global orderbook

Asia Pacific Consolidation

Ezion suffers from delay in rescue plan

The group also had to dump assets in a weak market and cut rates as it struggled to keep afloat and had to make an impairment of $303.5m

Asia Pacific Consolidation

Swire Pacific Offshore first half losses narrow to $81m but rates remain weak

Swire Pacific chairman sees day rates remaining depressed despite signs of recovery in the offshore industry

Asia Pacific Energy
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