OX: Hormuz good and bad; freight rates' eternal tango; rebuilding the UK
Waiting for the green light again…
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
This week saw four UK logistics executives at German 3PL Bertling convicted of using bribery to secure a £16m North Sea logistics contract. According to Reuters, Stephen Emler and Giuseppe Morreale admitted being part of a corrupt scheme to secure the contract, which involved over £350,000 being paid in bribes. Christopher Lane “pleaded guilty to a separate bribery scheme involving overcharging” and Colin Bagwell was convicted of that offence. All four worked for FH Bertling Ltd (UK), which went into voluntary liquidation last year.
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