AL WATHBA/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited poet Saif …
Read More »China takes lead in Pacific shipping after $6.3bn deal
Bloomberg China is the new leader of shipping trade to the Americas. State-owned Cosco Shipping Holdings Co.’s $6.3 billion offer to buy Orient Overseas International Ltd. would create an entity that’s the biggest shipping company moving boxes to the North American continent from Asia, beating Copenhagen-based A.P. Moller-Maersk A/S and France’s CMA CGM SA. The takeover, announced in Hong Kong, …
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