Industry
Japan’s top 3 shippers to merge container ops amid downturn
31 Oct 2016
Nippon Yusen KK, Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd said they will integrate their container shipping operations to create the world's sixth-largest player, joining a growing trend of consolidation in an industry battling its worst-ever downturn
Dream Cruise’s Genting Dream launches India operations
29 Oct 2016
The 2,000-plus passengers will board the luxury cruise liner to sail to Colombo and Singapore and further to East Asian ports, say Mumbai Port Trust officials
UPS to acquire 14 Boeing 747-8 Jumbo jets worth $5.3 billion
29 Oct 2016
UPS’s acquisition of the new 747-8 freighters that can carry 34 shipping containers on the main deck and 14 in lower compartments, and around 30,000 packages, will give a fresh lease of life for the Jumbo
UPS to acquire 14 Boeing 747-8 Jumbo jets worth $5.3 billion
29 Oct 2016
UPS’s acquisition of the new 747-8 freighters that can carry 34 shipping containers on the main deck and 14 in lower compartments, and around 30,000 packages, will give a fresh lease of life for the Jumbo
Analog watchmakers go ‘smart’
28 Oct 2016
US to test Cuban lung-cancer drug
28 Oct 2016
India, Iran set February deadline for Farzad-B gas field deal
26 Oct 2016
The Farzad-B gas field, which will be developed by a consortium led by ONGC Videsh, is estimated to have in-place reserves of 18.75 trillion cubic feet of gas
Permira to buy German fashion retailer Schustermann & Borenstein
26 Oct 2016
Munich-based S&B sells more than 3,000 designer brands through its website BestSecret.com as well as three stores in Munich and Vienna
HNA Group to buy about 25% in Hilton from Blackstone Group for $6.5 bn
25 Oct 2016
The deal comes five months after the Beijing-based company acquired Radisson and Country Inns & Suites hotel chain owner Carlson Rezidor Hotel Group, for an undisclosed sum