China’s state-owned conglomerate China Merchants Group is shaking up its subsidiaries to consolidate its container line operations amid a boom in the global shipping industry.
China Merchants Energy Shipping Co. Ltd. (601872.SH), the Shanghai-listed cargo shipping unit of China Merchants Group Ltd., unveiled a plan to spin off its container shipping arm Sinotrans Container Lines Co. Ltd. and car carrier Guangzhou China Merchants RO-RO Transportation Co. Ltd. (CMES RoRo). China Direct Shipment Door To Door To Uk
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