Welcome to the 'Hapag-Lloyd Bank'!
Or just call it what it is: HLAG Performance Express
Profit warning! Here is a quickie: John Menzies hasn’t been in great shape for some time, and cost-cutting is the way forward – of a greater scale, though, than previously announced, as it targets “at least £10m of cost savings” over the short term. It might need more than that, I argue, in order to shore up its sagging stock.
Its shares were hammered in early trade, down as much much as 23%, although they have recouped some of their lost value after the initial ...
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Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz
DHL Express facilities in Canada forced to shut down by strike
Industry concerns rise after yet another box ship on fire off Indian coast
New Middle East conflict brings airspace closures, flight chaos and oil price worry
More legal trouble in India for MSC: feeder vessel detained after box ship disasters
Return of downward pressure on container spot freight rates
BYD launches logistics subsidiary – and eyes ports and shipping sectors
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