US furniture distributor in $12m claim against CMA CGM over contract breaches
CMA CGM has found its shipping practices in the dock, with two claims having been ...
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
China’s ongoing crackdown on corruption in its vast party apparatus appears to have caught state-owned shipping line Cosco in its net, after a report from the country’s National Audit Office revealed wide-ranging malpractice between 2008 and 2014. Revenues and profits had been falsely declared, while a couple of business units, namely Dalian shipyard and Cosco Logistics, stand accused of “fraudulent activities ranged from operational malpractices, shady deals under the guise of business expansion and bribery among officials”.
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