Port call shuffle at Nhava Sheva, while ex-India rates keep rising
Ocean service network changes, ostensibly prompted by the upcoming Gemini Cooperation between Maersk and Hapag-Lloyd, ...
It was classic MSC deal-making that emerged last week when the behemoth disclosed to have secured a co-investment in high-speed rail network Italo* – with the target’s powerful executive chairman and founding partner Luca Cordero di Montezemolo, talking up the creation of the “first multimodal pole of Europe”.
(*Reportedly worth over €4bn for the whole, in enterprise value.)
I won’t counter that because it’s obvious that Montezemolo had his own agenda, but the resulting 50:50 Italo ownership structure, with MSC controlling about half ...
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News in Brief Podcast | Week 27 2024 | A bustling ocean freight market, acquisition and bankruptcy
Container futures trading trend suggests no end to Red Sea crisis this year
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