French government 'presses' CMA CGM to cut ocean rates for retail imports
In a seemingly patriotic gesture, against a backdrop of rising inflation, CMA CGM has announced it ...
ID 80442178 © Alexander Parenkin | Dreamstime.com
Events have overtaken me this week. I began this column with the following:
“The recent appointment of Serge Corbel as the new chief financial officer of CEVA Logistics fuelled speculation that CMA CGM might be ready to snap up the freight forwarding and contract logistics specialist in which the French carrier already owns a near-25% stake.
“What could be going on behind the scenes is just as important as trying to understand that CMA CGM has the time to think through a ...
Comment on this article
Mike
October 12, 2018 at 2:41 pmAlessandro,
this is really vague and too much speculation and guessing.
not much substance but just quoting what is anyhow obvious. same as being not aware that DSV will take the move and bid for CEVA, known that a bit earlier and report about that possibility would have been good journalism and worth a premium story.
Ale Pasetti
October 14, 2018 at 12:27 pmThanks for your comment, Mike.
What specifically is “really vague and too much speculation and guessing”?
I think you appreciate this is a commentary item, rather than news.
Then, re: “same as being not aware that DSV will take the move and bid for CEVA, known that a bit earlier and report about that possibility would have been good journalism and worth a premium story.”
Point taken, but let me share with you a couple of thoughts.
a) I was busy on another premium story : Market Insight Exclusive: Revealed – the AP Møller-Maersk Group reorganisation
https://theloadstar.com/market-insight-exclusive-revealed-ap-moller-maersk-group-reorganisation/
b) If you had followed me on LinkedIn (I hope you will!) the day before news of DSV/CEVA came out… well, check out yourself the comment section at the link below.
https://www.linkedin.com/feed/update/urn:li:activity:6456103182530592768/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6455433132152811520%2C6456103142277857280)
In short: “(…) since the week started the view that DSV might be looking at certain assets of CEVA FF has also gained traction, so anything can happen really… and as it turned out, DSV is going for the whole of CEVA, at a price that is rather opportunistic. We were asked to wait, and so we did. Accuracy is of paramount importance”.
Best regards,
Ale
chas deller
October 13, 2018 at 5:00 amProbably the most detailed and interesting article I have seen in the last 3 years , really good work
Ale Pasetti
October 14, 2018 at 12:15 pmThanks Chas, much appreciated!