Carlyle in joint venture
By Ding Yining |
March 15, 2011, Tuesday
|
Print Edition
Print Edition
INVESTMENT firm Carlyle Group has set up a joint venture with maritime investment company Tiger Group to buy more than US$5 billion worth of shipping vessels.
Its aim is to invest US$900 million in the next five years to buy containers, dry bulk carriers and other shipping assets.
The new venture will work closely with Chinese shipbuilders, lenders and state-owned companies to increase cargo capacity.
Its aim is to invest US$900 million in the next five years to buy containers, dry bulk carriers and other shipping assets.
The new venture will work closely with Chinese shipbuilders, lenders and state-owned companies to increase cargo capacity.
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