Rizhao Jurong Port in Shandong, China, is seeking a listing on the Hong Kong Stock Exchange.
NYK Line said many issues still need to be addressed before a cashless ship can be realised, but it is “forging ahead to construct a viable system”.
The sale could be one of the largest terminal deals ever, dwarfing the USD2.4 billion sale of OOIL’s terminals on the US east coast and in Vancouver, Canada, in 2006.
According to the most recent figures, some USD23 trillion of professionally managed assets now use ESG or other responsible investment strategies.
Passage of the Vessel Incidental Discharge Act (VIDA) likely occur before the end of 2018.
Wah Kwong turns to its regular builder to expand bulker fleet.
Wilmar continues to expand its owned fleet with newbuilding orders.
Oversupply in Bangladesh and weakening currencies halt sales.
Sale highlights company’s poor profitability; third consecutive loss looming.