{"id":28345,"date":"2021-12-05T15:26:00","date_gmt":"2021-12-05T12:26:00","guid":{"rendered":"https:\/\/www.al-sindbad.net\/china-merchants-energy-shipping-takes-control-of-sinotrans-container-lines\/28345\/"},"modified":"2021-12-05T15:26:00","modified_gmt":"2021-12-05T12:26:00","slug":"china-merchants-energy-shipping-takes-control-of-sinotrans-container-lines","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/china-merchants-energy-shipping-takes-control-of-sinotrans-container-lines\/28345\/","title":{"rendered":"China Merchants Energy Shipping takes control of Sinotrans Container Lines"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>The six-year merger process between China Merchants and Sinotrans&amp;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.<\/p>\n<p>Sinotrans Container Lines will shift from China Merchants Investment Development to CMES, adding more tonnage to what is already one of the world\u2019s largest shipowners with a massive dry bulk and tanker fleet.\u00a0<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>In 2015, China\u2019s Assets Supervision and Administration Commission of the State Council (SASAC) approved the merger between China Merchants Group and Sinotrans&amp;CSC, a process that has taken many years.\u00a0<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The six-year merger process between China Merchants and Sinotrans&amp;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 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":28346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-28345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28345"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/28346"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}