South Korean trade panel OKs MacGregor acquisition

The Cargotec company announced plans to buy TTS Group’s marine and offshore businesses in February.

South Korean trade panel OKs MacGregor acquisition

The Cargotec company announced plans to buy TTS Group’s marine and offshore businesses in February.

South Korean trade panel OKs MacGregor acquisition

The Cargotec company announced plans to buy TTS Group’s marine and offshore businesses in February.

 
   MacGregor announced Thursday that it had received clearance from the South Korean Fair Trade Commission for the acquisition of the marine and offshore businesses of TTS Group ASA.
   MacGregor, a provider of intelligent maritime cargo and load handling and part of Cargotec Corp., announced the acquisition in February.
   MacGregor received approval from the German regulator in November but is still waiting for the OK from the competition authority in China. The company expects to close the transaction in the first quarter of 2019.

We want to see meaningful changes in China’s trade practices, but it makes no sense to punish Americans as a negotiating tactic. If the administration wants to put more pressure on China, it should form a multinational coalition with our allies who share our concerns.

Spot container rates from China/East Asia to the U.S. West Coast stood at $1,531 per FEU as of May 10, up 10.6% year-over-year, while rates from China/East Asia to the U.S. East Coast totaled $2,926 per FEU as of May 10, up 22.2% year-over-year, according to the Freightos Baltic Index.

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South Korean trade panel OKs MacGregor acquisition

The Cargotec company announced plans to buy TTS Group’s marine and offshore businesses in February.

on Dec 28, 2018AmericanShipper.com

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South Korean trade panel OKs MacGregor acquisition

The Cargotec company announced plans to buy TTS Group’s marine and offshore businesses in February.

on Dec 28, 2018AmericanShipper.com