Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Container shipping lines are looking for a hike in Asia-Europe spot freight rates, announcing a ...
“Seen the price of Hapag-Lloyd today?” one source asked towards the end of the trading session on Friday, when the shares of the German carrier traded over €120 apiece.
You read it right: €120. That’s about $24bn in market cap, a near-30% premium against the value of Maersk’s container shipping assets PLUS all the other operations under its umbrella (terminals, logistics, towage and so forth).
“Klaus-Michael Kuehne is a genius” was my first section.
Skyrocketing
As The Financial Times reported in its key stats ...
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
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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mobile: +44 7402 255 512
Comment on this article
NAIM JADUE
April 27, 2020 at 2:54 pmThere’s a company in chile stock market, name Vapores (VAPORES.SN) that’s the only asset its has is the 30% stake in Hapag LLoyds, its owned by 61% Luksic group, and it price its 90% below its only asset Hapag LLoyd, its tades at 19 pesos and it should be at 0 discount trading at 145 pesos, its market cap its usd 700 milions, and owns 30% of Happag LLoyd thats worht USD7.200 millions. Vapores has a 39% of free float.
Please check it, could be a vehicle to enter at Hapag with a incredible discount.
best wishes
Naim Jadue
K2 Advisors
Alessandro Pasetti
April 27, 2020 at 3:01 pmThanks for your comment, Naim. Clearly you mean CSAV (which merged with HL in 2014), the other major shareholder with Mr Kuehne controlling 30% of the HL equity https://www.marketscreener.com/COMPA-A-SUD-AMERICANA-DE-6524875/financials/. Interesting angle indeed… thanks for your comment!
Best regards,
Ale