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Australia · AustraliaDP World has been cleared to proceed with its US$115m acquisition of Australian container haulage and inland depot operator Silk Logistics by competition regulators.
Earlier this year, the Australian Competition and Consumer Commission (ACCC) had decided to investigate the takeover on the grounds that by acquiring a land transport provider, DP World would be able to increase terminal prices for other container haulage firms and thus lead to “red…See the Story
DP World Given Competition Clearance to Press Ahead with Silk Logistics Takeover - The Loadstar

Canberra · CanberraA preliminary feasibility study to set up a green shipping corridor between Australia and South Korea was announced in a Korean-language statement earlier this week by the South Korean Ministry of Oceans and Fisheries. A spokesperson from Australia's Federal Department of Infrastructure, Transport, Regional Development, Communications, Sport and the Arts…Read Article