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Sunday, July 24, 2011

World Cargo News

The parent company of Hainan Airlines is bidding to buy GE SeaCo container leasing company.  They're vying against Kelso & Co.  Ge SeaCo has 900K TEU.  Rumor was that Textainer put in an offer.  When looking at companies, I'm generally looking at long term things and not rumors of takeovers/acquisitions.

China shipping volume is up 13% Jan-May.  China is also dredging the Yangtze at 12.5m all the way to Nanjing (name means south capital).

13% is a great volume for welt cargo products. I suppose that the China will get leading positions soon.


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