Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
Australia’s largest container port operator, Patrick, appears to be up for sale, with China Merchants group said to have lodged a A$1.1bn bid to buy a majority stake in the company. Such a purchase would further propel the Chinese company – already a major shareholder in Shanghai International Port Group, owner of Pearl Roiver Delta operator Modern Terminal and a 49% shareholder in CMA CGM port arm Terminal Link – up the ranks of international operators. There is a stumbling block however: China Merchants wants a majority stake, but Patrick parent Asciano is unwilling to sell more than 49%.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article