Hints and tips:
...CMA CGM announced last month it was forming a new partnership, called the Ocean Alliance, with China Cosco, Taiwan’s Evergreen and Hong Kong’s Orient Overseas Container Line....
...’s Hyundai Merchant Marine and Japan’s Mitsui OSK Lines....
...In Seoul, Hyundai Merchant Marine, a Korean shipping company, strode 3.6 per cent higher to Won25,950 on news Daewoo Shipbuilding & Marine Engineering plans to buy Hyundai Merchant shares....
...Hyundai Merchant Marine gained 2.1 per cent to Won33,900 as the shipping company’s affiliate Hyundai Elevator said it would buy 1.3m shares on the market to strengthen its control over the unit....
...Hyundai Merchant Marine, South Korea’s second-largest shipping company, fell by the most in three weeks after the announcement of a plan to sell new shares....
...Hong Kong stocks on the Hang Seng index rebounded from a two-month low, jumping 1.6 per cent to 22,993.86, also lifted by higher metal prices....
...But shipping stocks were soft as investors fretted about recent falls in the Baltic Dry index, a gauge of commodity freight costs. Hyundai Merchant Marine fell 1.4 per cent to Won23,900....
...South Korea’s Hanjin Shipping gained 1 per cent to Won21,100 and Hyundai Merchant Marine gained 2.4 per cent to Won27,300....
...The Grand Alliance (Germany’s Hapag-Lloyd, Hong Kong’s OOCL and Japan’s NYK Line) and New World Alliance (Singapore’s Neptune Orient Lines, Korea’s Hyundai Merchant Marine and Japan’s Mitsui OSK) announced...
...One option could be to buy container terminals from struggling shipping lines – as Hutchison did in 2002 with three terminals sold by Korea’s Hyundai Merchant Marine....
International Edition