Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
We return to the Abu Dhabi-listed AD Ports, which has quadrupled down – if such a phrase exists – on its ambitions to transform itself from a humble port owner into a multi-operational shipping company after agreeing to buy an 80% stake in Global Feeder Services (GFS) for $800m, as reported by The Loadstar yesterday.
(The remaining 20% will be retained by GFS management; leaving existing shareholders with a minority stake seems to be its modus operandi in M&A. Implied total ...
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