'Opportunistic' takeover bid for UK Royal Mail rebuffed
UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire ...
Interesting speculative piece from FreightWaves on the possibility of Amazon lining up a bid for US clothing giant Macy’s or retailer JC Penney. Despite the continuing lockdowns in the US – and the growing possibility of further measures to combat a second wave of infections – hitting Macy’s retail figures, the appeal of the near-distressed asset to Amazon is twofold: Macy’s has a massive urban land bank that would be hugely attractive to Amazon as its seeks to expand its fulfilment centre network; and it is a premier brand apparel retailer. “Amazon has always found it challenging to get large branded apparel companies to sell more aggressively on its site. For example, neither Ralph Lauren, featured prominently at Macy’s stores, or Canada Goose, sold at Bloomingdale’s (which Macy’s owns), sell much on Amazon. Buying Macy’s may provide a way in, though it’s unclear how responsive those brands would be.”
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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Alessandro Pasetti
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