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 ...
France’s CMA CGM stole the thunder of Denmark’s AP Møller-Maersk (APMM) and Germany’s Hapag-Lloyd (HL) at the end of last week, as it reported an annual trading update that unequivocally proves that vertical integration of 3PLs services makes a lot of sense, particularly if your own end markets are troubled, and debts are almost out of control, at least on paper.
While today I thought of focusing on the long odds associated with a 2019 merger between APMM and Hapag-Lloyd – ...
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
Iran may now pose a threat to multimodal supply chains via Dubai
Capture of MSC Aries will further drive up Indian export costs
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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Comment on this article
Gary Ferrulli
March 04, 2019 at 3:59 pmLet’s see, buy a company losing a lot of money, put it together with your own
like firm that is also losing money, and that will make the big difference?
Ale Pasetti
March 04, 2019 at 4:12 pmHi Gary,
Many thanks for your comment.
Why do you think that CMA is “losing money”? Have you read the story and seen the numbers (link below)?
https://www.cma-cgm.com/finance
CMA is not losing money, and while I agree, of course, that CEVA is in the red, I think I clearly explained how CMA could benefit from it (even excluding consideration about additional cost-cutting)…also considering CEVA’s guidance and efficiency programs.
Best,
Ale