Friday, September 1, 2017
offshore drilling rig

China Merchants Group Said to Be Exploring Offshore Rig Deals

By Bloomberg News (Bloomberg) — State-owned conglomerate China Merchants Group is exploring acquisitions of offshore rig operators, which have struggled to recover from a collapse in oil-industry spending, people with knowledge of...

September 1, 2017
Total Views: 32

Wednesday, March 16, 2016
baltic exchange offices
Maritime News

China Merchants Group Joins Race to Buy Baltic Exchange

By Jonathan Saul LONDON, March 16 (Reuters) – State-run conglomerate China Merchants Group has made an informal bid to buy London’s Baltic Exchange, becoming the latest contender for the business...

March 16, 2016
Total Views: 15

Tuesday, November 17, 2015
bulk carrier
Maritime News

China Merchants in Talks to Acquire Sinotrans & CSC-Caixin

SHANGHAI, Nov 17 (Reuters) – Chinese transport conglomerate China Merchants Group is in talks to acquire logistics group Sinotrans & CSC in the latest deal in the country’s state sector,...

November 17, 2015
Total Views: 2

Friday, September 26, 2014
vale china vloc rongsheng heavy industries
Maritime News

China Merchants to Build 10 Giant Iron Ore Carriers for Vale

Brazilian iron ore miner Vale SA signed a strategic framework agreement with China Merchants Group, a company owned by the PRC, whereby 10 new Very Large Ore Carriers (VLOCs) will...

September 26, 2014
Total Views: 12

Tuesday, August 12, 2014
oil tanker vlcc crude
Maritime News

China Merchants, Sinotrans Forming $1.1 Billion Crude Oil Tanker JV

Two of China's largest shipping firms are setting up a $1.1 billion crude oil tanker joint venture with a view to build up the country's fleet, as the world's second-largest oil consumer seeks better control over its oil imports.

August 12, 2014
Total Views: 2

Wednesday, April 30, 2014
hastings bulk carrier coal ships shipping iron ore newcastle
Maritime News

Hastings, China Merchants Pay $1.6 Billion For Australia’s Port of Newcastle

By Swati Pandey SYDNEY, April 30 (Reuters) – Hastings Funds Management and China Merchants Group have won a state government auction for a 98-year lease on Australia’s Port of Newcastle,...

April 30, 2014
Total Views: 3