Carriers introduce surcharges as congestion builds at African ports
Carriers are beginning to impose congestion surcharges on shipments into African ports as the continent ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
Possibly monumental, if it proves to be true – the French shipping line is said to be undertaking due diligence having made a preliminary offer for Singapore shipping line, which is 67% owned by Singapore’s sovereign wealth fund, Temasek Holdings, and the remainder floated on the local stock exchange. Such a takeover would cement CMA CGM’s position as the third-largest shipping line, with a likely 13% market share. And to think it is less than five years since CMA CGM was standing on the brink of an abyss and had to be saved from ruin by Turkish port operator Robert Yildirim, while NOL was lining up to buy Hapag-Lloyd. How times have changed…
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