More shipper pain on the way as carriers levy new peak season surcharges
Ocean carriers have continued their flurry of surcharge and rate increase announcements, which “continue to ...
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We return to the Abu Dhabi-listed AD Ports, which has quadrupled down – if such a phrase exists – on its ambitions to transform itself from a humble port owner into a multi-operational shipping company after agreeing to buy an 80% stake in Global Feeder Services (GFS) for $800m, as reported by The Loadstar yesterday.
(The remaining 20% will be retained by GFS management; leaving existing shareholders with a minority stake seems to be its modus operandi in M&A. Implied total ...
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