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COSCO poised to acquire OOIL for $6.3 billion

JULY 10, 2017 — Consolidation in the container shipping industry continues. China’s COSCO Shipping Holdings is set to take control of Hong Kong’s OOIL in a $6.3 billion deal that would create

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Israel intercepts weapons shipment

Israel Defense Forces (IDF) have seized a containership loaded with weaponry. The Liberian-flagged Victoria was intercepted yesterday morning some 200 miles west of Israel’s coast. The ship is managed by Peter Doehle