Comment / M&A radar: Poker-faced GCT bidders line up for New York terminals

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• Eduard Winkelmann

  October 23, 2022 at 3:00 pm

  Hi everybody,
  very interesting developments which are the same in Europe and MidEast (e. g. DP World). Port- and Terminal operators need to change their biz-model due to Lines like MAERSK, MSC, Cosco and CMA’s new approach as Logistic-Integrators (End-to-End). Being rich of cash they will rather “make” and not “buy” the respective service tool they need to cover the respective part of the supply chain incl. the first and the last mile. The question is: How could Port/Terminal operator cope for the new development? Would more Port Centric Logistics in combination with Logistic Parks as close as possible to consumer areas (DP World & London Gateway) be an answer? Some of the major players in the industry obviously like this appoach. Consequently, the are actually try to secure the port and or terminal facilities possibly not needed anymore for container loading/discharging. Against this background one has also to see Cosco’s proyect to get a 35% share in the HHLA Tollerort Terminal in Hamburg presently under heavy discussion. In my view it is pure longterm strategy
  of the Chinese Goverment and has nothing to do with regaining volumes from competition ports or lose Cosco
  as a customer. Part of the problem is that at one side of the table are politicions to decide who think in “election periods” of say five years and at the other side people who just follow instructions from their government who did not hear of any election periods.
  Any views/comments?

  Best regards
  Eduard Winkelmann

  Ex DSR Senator Lines
  Ex China Shipping Europe HQ, Hamburg
  You find my profile in Linked In.

  Ports/Terminals

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