Hong Kong liner giant Orient Overseas (International) Limited (OOIL) has pocketed $1.78bn following the sale of its Long Beach Container Terminal (LBCT).

Cosco said to aim for more than $1bn for Long Beach terminal
 Read more

It has been sold to a Macquarie Infrastructure Partners-led (MIP) consortium and is expected to net the shipowner a pre-tax profit of $1.29bn.