Shippers welcome new ocean capacity, but it won't stop price increases
In the absence of carrier-led price hikes, container spot rates largely flattened on the transpacific ...
Today’s news concerning CMA CGM and CEVA Logistics is, perhaps, unexpected – but the French carrier can always blame the law of unexpected consequences after it emerged that, according to provisional results, it now controls about 89.5% of CEVA Logistics.
First reaction: too many investors tendered their shares. CMA CGM already owned 50.6% of CEVA before launching its offer at Sfr30 a share to buy out the minorities (all others), but did not necessarily need to secure an additional ~ 39% holding (also for is own ...
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