He’s alive! Legendary activist investor Bill Ackman is back in the freight industry according to several market reports, which detail how the Ackman-controlled Pershing Square Capital had by the beginning of this week acquired just under 15m shares in $71bn-market-cap Canadian Pacific (CP) for a value close to $1.2bn, making it a...
Offshore Energy reports: German container shipping company Hapag-Lloyd has decided to acquire the container liner business of compatriot carrier Deutsche Afrika-Linien (DAL). The duo signed a framework agreement on 10 March 2022. With a history dating back to the year 1890, DAL is an established liner shipping company for the transportation of containerised cargo...
The economic growth uncertainty, caused by Russia’s invasion of Ukraine and consequent global sanctions, is taking a bite out of investment expectations for the global supply chain industry that had begun to recover from Covid-induced headwinds. One such casualty of the gathering storm is the fate of India’s national carrier, the Shipping...
PRESS RELEASE Mar 8, 2022 Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases...
If for a moment we forget that two star performers – shipowner Danaos and shipping line ZIM – actually exist on the stock market in the T&L sector, there’s only one winner in shipping and logistics year-to-date: US-flagged Matson, or MATX, according to its ticker. After deserving a massive round of applause...
March 5, 2022 by Choice Aviation Services0Air Cargo
Lawrence Freedman writes: As the Russo-Ukrainian War takes a darker turn it is important to emphasise this essential point. This is a war that Vladimir Putin cannot win, however long it lasts and however cruel his methods. From the start the Russian campaign has been hampered by political objectives that cannot be translated...
Interfax-Ukraine reports: The Ukrainian Security Service (SBU) shot and killed Denys Kyreyev, a member of the Ukrainian negotiating team at the first round of negotiations with Russia in Belarus, while attempting to detain him, Ukrainian parliamentarian Oleksiy Honcharenko said. “During an attempt to detain Denys Kyreyev, a member of the Ukrainian negotiating delegation,...
It was a spirited, in Swiss fashion, and spiritual Detlef Trefzger (pictured below) this week during one of his last conference calls with analysts before stepping down as CEO of Kuehne + Nagel (K+N) this summer. With K+N veteran Stefan Paul – part of the management board since 2013 – starting as CEO...
I duly apologise, as your daily dose of supply chain-related folklore is in the freezer for a one-off ‘war radar’ note instead today, trying to keep the emotions in check. Blame or thank Rose Our lovely and very talkative maid from Moldova. And then I needed time to let war feelings sink into my...
A year that will be consigned to the history books as the most successful in Kuehne + Nagel’s history didn’t finish with a big bang financially, drawing from its annuals released today compared to expectations, but its temporary action in early trade on the stock exchange was very different. Why? (Now click...
