Zim Acquisition Case Takes New Turn! Mysterious Buyer Enters with $4.5 Billion Offer

Recently, the Sakal Group launched a $4.5 billion cash acquisition offer for Zim, outbidding Hapag-Lloyd's previously agreed-upon $4.2 billion deal.

Stock Hits Limit-Up Immediately After "Delisting Risk" Removal! "New Shipbuilding King" Market Cap Approaches $17.8 Billion

On April 20, Songfa (603268) soared to its daily limit-up. As of the market close, the stock traded at $18.34, with total market capitalization approaching $17.88 billion.

China seeks WTO backing for $7 billion sanctions on U.S. over dumping duties

China told the World Trade Organization (WTO) on Tuesday it wanted to impose $7 billion (5.38 billion pounds) a...

DP World may revive US$1.6 billion Jebel Ali terminal 4 expansion next year

DP World, one of the biggest port operators globally, may resume development next year of the US$1.6 billion...

Cosco’s container fleet to get $1.78 billion upgrade

China COSCO Shipping Corp is extending its container fleet as the company expands its sea routes.The group,...

Fresh $6 billion bailout program for DSME set to go

A local high court rejected appeal from a group of individual investors, removing the last stumbling block for a fresh $6 billion debt relief and bailout program for South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME).

Funds prepare $2 billion oil market play as supply tightens

Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply.