30
Dec
09:20
China completes second shipping mega-merger
After Cosco and China Shipping received approval for their merger earlier in December, now China Merchants Group has officially absorbed Sinotrans Group. China Merchants Group has said it may study Cosco in its iron ore business, focussing on new very large ore carriers (VLOC), Kallanish notes.
The expanded China Merchants Group will have total assets of around CNY 624.1 billion ($96.2 billion), including four VLOCs and another 10 under construction.
China Me…
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Anonymous
Very good overview of the weekly steel market.
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