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…
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