Tung Chee-hwa speaks during the “China and the U.S.: One Belt, One Road and 100-Day Plan,” a discussion hosting high-level delegation of Chinese leaders, in Manhattan, New York, U.S., June 14, 2017. Former Hong Kong Chief Executive Tung Chee-hwa and his family will be about $1 billion richer with the sale …
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COSCO Shipping Holdings Co Ltd(601919.SS) has offered to buy Orient Overseas International Ltd (OOIL) (0316.HK) for HK$49.23 billion ($6.30 billion), in a deal that will see the mainland China group become the world’s third largest container liner. The proposed deal is the latest in wave of mergers and acquisitions in …
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Offshore services company Bourbon has entered into an MOU with Automated Ships Ltd (ASL) to support the building of the world’s first autonomous, fully-automated and cost-efficient prototype vessel for offshore operations, in collaboration with the project’s primary technology partner, Kongsberg. Bourbon will leverage its expertise in building and operating a …
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The World Shipping Council (WSC) estimates that the average number of containers lost each year has dropped since 2014 by 48 percent. Based on the most recent survey results, an average of 568 containers are lost at sea each year, not including catastrophic events. If catastrophic events are included, that …
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Since 1988, a mere 100 companies have been responsible for 71 percent of the entire world’s industrial greenhouse gas emissions. This data comes from an inaugural report published by the Carbon Disclosure Project(CDP), an environmental non-profit. Charting the rapid expansion of the fossil fuel industry in the last 28 years, they …
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The government of Indonesia has decided to rename its part of the South China Sea, a move that appears calculated to assert sovereignty in the face of increasing pressure from China. The name of the world’s newest body of water, the “North Natuna Sea,” now features prominently on Indonesian charts, …
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