COSCO acquires stakes of 12.5% in TLT and 30% in HLT
NewsCOSCO SHIPPING Ports has acquired 12.5% and 30% stakes in Thai Laemchabang Terminal and Hutchison Laemchabang Terminal for US$ 110m.
China set for car boom
Ro-ro operators in the Far East were hard hit last year because of the fall in shipments of new vehicles, the main ro-ro cargo carried in the region. According to Hyundai Merchant Marine (HMM)’s annual review the number of vehicle units carried by PCCs or PCTCs fell 3.7 percent to 8.41 mill CEU. It forecast a further drop of 0.6 percent this year.
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