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.
Lessors scale back box purchases
As container stockpiles have grown in recent months (see page 1 this issue), and average fleet utilisation has tumbled, so have most major container leasing companies scaled back their intended investment in new container equipment for 2001 overall.
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