The climate change debate in the shipping industry is hotting up, reflecting the change of atmosphere which has seen many shipowners, previously opposed to rapid decarbonisation measures, suddenly turn as pressure increases. Pressure from governments as well as major companies, consumers and concerned citizens has placed shipping and its operations into the...
It’s one thing to be an importer with your goods ensnared in the chaotic port congestion seen in the major hubs around the world, but what about when it’s on your doorstep, day and night? This Bloomberg report takes a wander through the US Wilmington district (not to be confused with...
Neither an earnings call nor an interview with GXO Logistics’ senior leadership goes by without at least some reference to its investment in technology. It is the same across the transport and logistics industry spectrum of course but, while for many supply chain actors “tech” is largely a synonym for digitilisation, for contract...
Goodbye 2021, we’re done. But watch out, here comes 2022! How lucky I recently argued that we are in a supply chain stalemate, as ports around the world remain congested due to excessive numbers of out-of-position empty containers not being loaded for repatriation by the world’s shipping lines, among other factors. But how can...
Maersk’s proposed $3.6bn acquisition of Hong Kong-based LF Logistics represents a “significant milestone” in its transformation into a global integrator of container logistics, according to the CEO of its Ocean & Logistics division, Vincent Clerc. Maersk will purchase LF Logistics from controlling shareholder Li & Fung and Singapore state-owned investment vehicle Temasek, which...
Transpacific airfreight rates into the US have finally begun to fall as the market softens before the holiday week. TAC Index figures from China to the US, which have been on an upwards trajectory since the start of November, have begun to descend, with rates down 8.7% to $13.82 in the week...
MSC’s surprise last-minute €5.7bn bid to acquire Bolloré Africa Logistics from under the noses of its ocean carrier rivals represents a change of direction for the Aponte family business. Hitherto, MSC has relied on organic growth to rise to the top of the container line rankings, and has shied away from large-scale...
PRESS RELEASE BOLLORÉ HAS RECEIVED AN OFFER FROM MSC FOR THE PURCHASE OF BOLLORÉ AFRICA LOGISTICS. BOLLORÉ HAS GRANTED AN EXCLUSIVITY TO THE OFFEROR The Bolloré Group announces that it has received an offer from the MSC Group, a major player in container transport and logistics, to acquire 100% of Bolloré Africa Logistics, comprising all of the...
Opinion by Vincent Clerc for CNN Business Perspectives Updated 1751 GMT (0151 HKT) December 16, 2021 CNN Editors’ note: Vincent Clerc is CEO of A.P. Moller-Maersk Ocean & Logistics. The opinions expressed in this commentary are his own. Almost everything you buy has traveled along some of the millions of miles of networks that make up...
Intra-Asia freight rates from China are soaring as forwarders discover “it’s not just Maersk” giving them the cold shoulder. One forwarder in Shanghai told The Loadstar that 90% of container vessels departing China’s ports were delayed – bottlenecks in destination markets the main culprit. He added: “After a period of soft rates for...
