Houthis claim Red Sea safe for box ships not calling at port of Haifa
Spokespersons for the Yemeni-based Houthi militia have told The Loadstar they will no longer target ...
France’s CMA CGM stole the thunder of Denmark’s AP Møller-Maersk (APMM) and Germany’s Hapag-Lloyd (HL) at the end of last week, as it reported an annual trading update that unequivocally proves that vertical integration of 3PLs services makes a lot of sense, particularly if your own end markets are troubled, and debts are almost out of control, at least on paper.
While today I thought of focusing on the long odds associated with a 2019 merger between APMM and Hapag-Lloyd – ...
MSC Elsa 3 sinking – now the 'blame game' begins
After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
Shippers hold their breath as Trump appeals court ruling that tariffs are illegal
Bad news for shippers as wave of transpacific rate increases continues
Houthis claim Red Sea safe for box ships not calling at port of Haifa
No deals with carriers, say Houthis – Red Sea safe for non Israel-affiliated ships
Rapid transpacific capacity build-up continues – can USWC ports handle it?
Comment on this article
Gary Ferrulli
March 04, 2019 at 3:59 pmLet’s see, buy a company losing a lot of money, put it together with your own
like firm that is also losing money, and that will make the big difference?
Ale Pasetti
March 04, 2019 at 4:12 pmHi Gary,
Many thanks for your comment.
Why do you think that CMA is “losing money”? Have you read the story and seen the numbers (link below)?
https://www.cma-cgm.com/finance
CMA is not losing money, and while I agree, of course, that CEVA is in the red, I think I clearly explained how CMA could benefit from it (even excluding consideration about additional cost-cutting)…also considering CEVA’s guidance and efficiency programs.
Best,
Ale