Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
As CMA CGM continues to perform the due diligence on Singapore’s NOL in its quest to acquire it, one of the chief issues raised by analysts is whether it has the funds to actually complete the deal, which is likely to be in the region of $5bn. The Wall St Journal reports here that the French carrier is now in talks with a series of domestic banks to arrange the finance, which it needs to have in place by Monday, when the period of “exclusive” talks with NOL come to a close. Acquiring full control of NOL is complicated, “If CMA CGM makes an offer to buy Temasek’s 65% stake in NOL, Singapore takeover rules require that the French shipper make an offer for the whole company. According to Singapore laws, an acquirer has to make an offer to buy the whole company if its stake tops 30%.”
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