Independent journal on economy and transport policy
01:35 GMT+2
CP Ships, TMM form US$1b joint venture
(Shipping Times)
July 30, 1998
New firm will incorporate CP Ships' Lykes, Ivaran lines and container shipping arm of TMM
By David Hughes in London
CANADIAN Pacific's UK-based subsidiary CP Ships and the principal Mexican liner company Transportacion Maritima Mexicana (TMM) are joining forces in a 50-50 joint venture to create a major new container shipping company.
With an initial revenue ...... Read more on Shipping Times
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