Maersk appoints John Wetherell to head its global airfreight forwarding
Maersk has appointed John Wetherell (above) as its global head of airfreight forwarding. It is ...
Not sure if this is that much of a surprise – as The Loadstar reported last year during a visit to Suez when the Egyptian government formally opened the canal’s second channel, there has considerable doubt in the country and elsewhere as to how to pay for the $7.6bn project. This has been heightened since Panama opened its expanded canal and Asia-US east coast strings have begun to be rerouted through the Pacific-Atlantic waterway. In the year to June, revenues at Suez were down 4.5% year-on-year. In order to lock-in its revenues on a medium-term basis, the canal authority is now proposing major box lines receive a 3% discount on tolls fees if they pay for three-to-five in advance. Maersk has confirmed that discussions with the authority are under way.
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