Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
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News that Ceva Logistics has agreed to acquire Borusan Tedarik to expand its footprint in Turkey, was followed at our Premium end by a distinct: “Borusan who?”
Background
The logistics arm of French ocean carrier CMA CGM is parking cash in a country where “measuring currency risk premium” has been high on the agenda of investors, but Ceva looks unfazed by its latest move.
The seller – Turkish conglomerate Borusan Yatirim: 14,000 staff, $1.5bn market cap – is shrinking, letting go its logistics ...
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