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
![China Merchants to Consolidate Cargo Operations Amid Shipping Boom - Caixin Global](http://cdnus.globalso.com/eplfreight/China-2.jpg)
Download our app to receive breaking news alerts and read the news on the go.
Get our weekly free Must-Read newsletter.
Container Rates From Asia May Double to $10,000 in June, Shippers Say
China Facing Container Shortage as Exporters Rush to Beat Looming U.S. Tariffs
We ‘ve added you to our subscriber list.
Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow
Get exposure for your startup at RISE 2020
CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts
Meet 5 of the best startups selected to represent China at the largest technology event in Asia
![China Merchants to Consolidate Cargo Operations Amid Shipping Boom - Caixin Global](http://cdnus.globalso.com/eplfreight/56CBM-10000KG-4.jpg)
Export Sea Freight Copyright © 2021 Caixin Global Limited. All Rights Reserved.