US haulier seeks damages over CMA CGM's 'capricious' D&D charges
Access One Transport, a Californian haulier, is the latest to file complaints with the US ...
There has been no official release to the international press by Zim, or its parent company Israel Corporation, but it appears from this article that negotiation with creditors – banks, shipyards and bondholders – have been completed, with the result that some $1.5bn in debts is to be collectively wiped off. Ouch. Israel Corporation, owned by the Ofer family, will have to inject another $200m in the struggling carrier and see its stake reduced to 33%. The one winner is the state of Israel, which sold its stake in 2004 in a then heavily criticised move. It now appears to have been remarkably prescient.
The rise and rise of China's ecommerce platforms
DSV chief reticent on Schenker: the focus on growing market share
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Boxes piling into Mexican ports – but then piling up
Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
K+N looks past Q1 revenue drop to improved margins from restructure
Comment on this article
Michael Kusuplos
January 20, 2014 at 4:56 pmIsn’t funny how 10 years can change the perspective of so many individuals!