Shipping deal a bet on global upturn
The 5 per cent rally in Cosco's shares highlights the potential rewards from China's countercyclical backing for consolidation.
The 5 per cent rally in Cosco's shares highlights the potential rewards from China's countercyclical backing for consolidation.
DP World has become COSCO's official "stevedoring and logistics partner".
A suitor's shares often fall after making a bid, but the company's Hong Kong-listed stock rose as much as 6 per cent on Monday, to its highest in almost two years.
China's COSCO has made a $8.3 billion bid for Orient Overseas International to become the world's third-largest shipping line.
Qube chairman Chris Corrigan has handed the helm of the logistics group to director Allan Davies.
Anger over the way Australia's two most powerful stevedores are passing rising costs to the local container transport sector is only going to intensify.
Fully electric ship Yara Birkeland, to be launched next year, will be controlled remotely in 2019 and fully automated by 2020.
A monster offshore platform to be used at Inpex Corporation's $US40 billion Ichthys LNG project has arrived in Australian waters, paving the way for production to start at the twice-delayed venture in early 2018.
"There's like a mini-PC on board."
A small ''valley of death'' still exists even though the federal government's $89 billion shipbuilding strategy boasts big numbers over the longer term.
The world's biggest shipping line wants to be the "global integrator" of container logistics and is expanding services in Australia.
Tensions are running high around the Port of Melbourne as the competition on Australia's waterfront recovers its historically spiky edge.
Glencore is understood to be leading a charge to have terminal handling fees cut at Queensland's Wiggins Island Coal Export Terminal.
The Maritime Union might be trying to extend its reach, but it has been reduced to a bit part at Melbourne's newest wharf.
There are at least three good reasons why Fortescue shouldn't waste a moment thinking about expanding into coal.
How Woodside and NASA are developing robots to do the unpleasant, the untimely, the dangerous and the downright boring jobs in oil and gas.
Woodside Petroleum will work alongside BHP Billiton and Rio Tinto to investigate the economics of using liquefied natural gas to fuel iron ore ships.
Investors habitually overestimate how far a good structural-growth story can take favoured businesses.
Beijing has spent at least $US45 billion since 2010 expanding ports and shipping networks to establish itself as a maritime superpower. Â
About 300 ships cannot unload in northern China because of impenetrable smog.
Freight rates for large capesize dry cargo ships on key Asian routes will slide further in a lacklustre market.
The US Navy's plan to spend $US14 billion on troubled combat ships built by Austal and Lockheed is being challenged.
Chris Corrigan is handing over the chairmanship of Qube Holdings to Allan Davies
Qube investors will get their first look at Patrick ports' performance under new management at the logistic group's annual general meeting
Private equity has a taste for ferry companies.
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