Maersk, Partners Surprised by Chinese Regulator
China's choice to scupper a broad alliance amongst the globe's three biggest container-shipping organizations caught the executives by surprise and left them Tuesday rethinking their enterprise plans. The proposed tie-up had promised to lower expenses for the …
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France fines Hong Kong shipping firm over top executive's death
Orient Overseas Container Line, a shipping company controlled by the loved ones of former Hong Kong chief executive Tung Chee-hwa, has been fined 50,000 euros (HK$ 530,000) over the death of a leading executive in France 11 years ago. The firm, a single of the planet …
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Maersk, Partners Surprised by Chinese Regulator