'Opportunistic' takeover bid for UK Royal Mail rebuffed
UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire ...
The plot thickens: after last week’s to and fro between Canadian Pacific’s recurring bids for Norfolk Southern (NS), interjected by rejections from the NS board, US operator BNSF has stepped into the fray, saying it could also bid for NS, or perhaps even CSX. In an interview with Bloomberg, BNSF chief executive Matt Rose admitted a deal between CP and NS would likely act as a spur to other railroads to team up: “You do a merger and then somebody else announces it because of this issue of stabilisation of the industry and parity in various markets.” BNSF was bought by serial corporate investor Warren Buffet for $34bn in 2010.
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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