'Opportunistic' takeover bid for UK Royal Mail rebuffed
UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire ...
Interesting news from South Korea this morning: BusinessKorea reports that the state-owned Korea Development Bank, which became the largest shareholder in container shipping line HMM after its restructure in 2017, intends to sell its 12.6% stake to South Korean steel manufacturing giant POSCO. Which would possibly make for a fascinating example of vertical integration, given POSCO’s enormous logistics spend. “If POSCO directly jumps into the shipping industry, it is expected to save POSCO trillions of won annually, as the company will be able to integrate its affiliates’ logistics work. POSCO Group has strong financial power to do that. As of the end of the third quarter of 2020, POSCO’s cash and cashable assets amounted to Won6,769 billion won. This means POSCO can afford to pay between 1 trillion and 1.5 trillion won to buy HMM.”
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
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