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Container leasing market under pressure as carriers cut back
After a strong first six months with container drop-offs at an exceptionally low level, container leasing companies face a tougher second half. Financially stressed ocean carriers are closing loss-making routes and postponing new services. This month’s Drewry Container Census & Leas…
Baroness McIntosh appointed UKWA president
The United Kingdom Warehousing Association (UKWA) has announced that its new Honorary President is Anne McIntosh - Baroness McIntosh of Pickering. Baroness McIntosh replaces Ivon Moore-Brabazon - Lord Brabazon of Tara, who recently announced his decision to stand down having served in the role fo…
China gives COSCO $6.3bn takeover of OOCL last-minute go-ahead
China’s anti-monopoly bureau has given the green light to COSCO’s $6.3bn takeover of OOIL, including its container arm, OOCL.The stock exchange eleventh-hour notification made no reference to the outstanding approval still required by US foreign investment regulators.A joint state…
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