Healing SATS at 52-week highs – worth a look
Still a long way to healthy fundamentals, but…
You might remember it.
It was in August last year when Singapore-based SATS disclosed a collaboration agreement with an undisclosed “prominent global freight forwarder” aimed at creating “innovative cross-border services”.
We purely guessed back then the new partner would be Kuehne + Nagel. And Kuehne + Nagel (K+N) it was, as disclosed later in October.
The ground handler’s value story ever since, however, has been mixed at best.
Trading at S$2.57 when the K+N tie-up was ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Comment on this article