LONRHO HAS
acquired a further
15.7% stake in SA
Independent Liner
Services for US$8.96 million, according to a
company statement.
This increases
its holding in the
shipping line to
66 .7%.
SAILS serves the
SA, West Africa,
Europe route.
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.