Neptune, TUI weigh options for a shipping merger
Article Abstract:
Germany's TUI AG and Neptune Orient Lines Ltd. of Singapore are in talks for a potential merger. If successful, the move would create the third-biggest container-shipping firm worldwide. Possible scenarios include a share swap with Neptune becoming part of Hapag-Lloyd, a TUI unit, and Neptune's parent, Temasek Holdings Private Ltd. investing in TUI.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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A cold-war plane lifts Ukrainians in cargo market
Article Abstract:
Antonov Design Bureau the Ukrainian state-owned company that specializes in outsize shipping is embroiled in a legal fray where its assets are being seized. A European company won a $43 million dispute against the Ukrainian government which the Ukraine refused to pay so state owned assets (in the form of two Ruslan airplanes) were seized.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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China Cosco's net falls 65%
Article Abstract:
China Cosco Holdings Co. of China posted a net profit fall by 65 percent for the first half to 978.1 million Yuan ($123.1 million) from 2.77 billion Yuan last year. Revenues at the ports operator were due to weak container-shipping prices and soaring fuel costs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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