CIMC acquires Burg
NewsFollowing the receipt of approvals from competition authorities in China, Germany and the Netherlands, China International Marine Containers...
CIMC profit up 14%
NewsChina International Marine Containers (CIMC) saw first quarter profit rise 14% year on year to RMB577M (US$76.4M) as turnover rose 85% to RM...
CIMC/Burg try again
NewsHaving been baulked by the European Commission in a merger plan earlier this year on competition grounds (see WorldCargo News July 2006, p1)...
Oddy tank output up by a quarter
NewsWelfit Oddy, the South African tank manufacturer and member of the Burg group, is on target to complete 5,400 tank containers this year, 25%...
Tank building options grow
NewsBuyers of new tank containers are guaranteed a greater variety of choice thanks to a European Union anti-trust decision and the emergence of...
CIMC/Burg deal called off
NewsChina International Marine Containers (CIMC) and Burg Industries have scrapped an agreement made earlier this year under which CIMC was to h...
High utilisation boosts lessors
NewsSustained high fleet utilisation rates have encouraged tank container leasing companies to return to the newbuilding market....
Tank manoeuvres
NewsChina International Marine Containers (CIMC) could be baulked in its attempt to take over Netherlands-based Burg Industries after the Europe...
All change in tank market
NewsThe biggest news to hit the tank container manufacturing industry in many a year came last month with the announcement that China Internatio...
CIMC bags Burg
NewsAlready the world’s largest tank container manufacturer by far, with an output of 6300 units last year from its two lines in Nantong, Chin...
Record tank order
NewsDeepsea tank operator HoyerOdfjell BV, the Rotterdam-based joint venture between Hoyer GmbH of Hamburg and Odfjell ASA of Bergen, has booked...
Customers call a specials tune
NewsGlobal demand for standard tank containers is at its lowest ever ebb. Virtually all the former volume production in Europe has now been swit...
Burg Intermodal to the fore
NewsThe activities of the three tank container manufacturers in the Burg Group - WEW, LAG and Welfit Oddy - as well as the specialist output of ...
Euro tank builders looking to specials
NewsThe current downturn in the tank container market cycle is well into its third year and there is no immediate end in sight. European tank bu...