Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
In case you missed this item at the end of last week, the Wall St Journal reported that Deutsche Bank is to offload New Work container terminal operator Maher Terminals to one of Macquarie’s infrastructure funds. The original sale of the company to Deutsche Bank in 2007 represented the height of container terminal values, as a wave of finance houses looked to invest in what was thought to be as close to a recession-proof business as could be found. The global financial crisis which followed shortly after showed how misguided that thinking was, with the WSJ reporting that Deutsche Bank booked some $1.5bn in losses on the deal.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Cargo flows through Dubai delayed by flooding, with 300 flights cancelled
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Alex Lennane
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During August 2023, please contact
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Alessandro Pasetti
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