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China Merchants Energy Shipping takes control of Sinotrans Container Lines

The six-year merger process between China Merchants and Sinotrans&CSC took another step on Friday with China Merchants Energy Shipping (CMES) deciding to fold Sinotrans Container Lines into its fleet in a deal worth around $344m.

Sinotrans Container Lines will shift from China Merchants Investment Development to CMES, adding more tonnage to what is already one of the world’s largest shipowners with a massive dry bulk and tanker fleet. 

In 2015, China’s Assets Supervision and Administration Commission of the State Council (SASAC) approved the merger between China Merchants Group and Sinotrans&CSC, a process that has taken many years. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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