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Monthly Archives: November 2015

Australian-led consortium buys large stake in Asciano despite Brookfield’s acquisition deal

A consortium led by the Australian logistics company Qube Holdings Ltd has announced that it bought a 19.99% stake in port operator Asciano Limited only a few months after Brookfield Infrastructure announced US$6.6bn deal to acquire it. The Sydney-based Qube purchased the shares with the support of the infrastructure investor Global Infrastructure Partners (GIP) and global investment management organization Canada ... Read More »

CSCL to acquire up to 11 ships of 21,000 teu

CSCL's current largest ship, the CSCL Globe, has a capacity of 19,100 teu

China Shipping Container Lines (CSCL) has announced plans to lease up to 11 Ultra Large Container Vessels (ULCVs) of 21,000 teu via a wholly-owned subsidiary under a bareboat charter. In a filing to the Hong Kong Stock Exchange, the shipping line, which is China’s second largest carrier after Cosco, said that it will bareboat charter six of the ships with ... Read More »