Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
With Asia-South America ocean freight rates at an 18-month high of around $4,350 per 40ft, ...
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Ohhhhh, well!
Remember the DSV takeover of Panalpina (PAN) four years ago?
I am sure you do.
A slew of senior folks jumped the PAN ship, voluntarily or not, while others retired as soon as it became clear that the Danes* were going for cost-cutting at scale, regardless of the ’stronger together’ claim made back then.
(*Who lost out to CMA CGM in the Ceva takeover race.)
It could well be revenge time now, with Ceva challenging more closely its previous suitor, and with a ...
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