Cosco Shipping has completed the acquisition of Orient Overseas International Ltd (OOIL) and its subsidiary Orient Overseas Container Line (OOCL).
Earlier this month, Cosco Shipping secured approval from the Anti-Monopoly Bureau of China to proceed with the USD6.3 billion takeover.
Cosco Shipping now operates a fleet of approximately 400 vessels with a combined capacity of 2.7 million teu.
BBC Chartering said that its fifth Lakermax newbuild multipurpose vessel, BBC Santiago, successfully passed sea trials last week.
The Australian Maritime Safety Authority (AMSA) has issued a ‘refusal of access direction’ to the Netherlands-flagged general cargo ship Marsgracht, banning the ship from entering Australian ports for 180 days.
Vertom has placed an order for four 10,700 dwt geared tweendeckers at Chowgule Shipyards in India.
![WWPC VietnamGroup[45]](https://d3i5hb7w7uz115.cloudfront.net/Pictures/100x67/7/3/0/14730_wwpcvietnamgroup45_547333.jpg)
Worldwide Project Consortium (WWPC) members gathered in Ho Chi Minh City, Vietnam, for its 22nd annual membership conference on November 10-13.
Kuehne + Nagel (K+N) has launched a specialised logistics division catering to the cloud infrastructure industry.
Richard J. Hendrick was unanimously elected vice chair of the American Association of Port Authorities (AAPA) board of directors.
