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...
In the past couple of years, logistics has been waiting for its redemption child from Europe, France’s Gefco, to be adopted by new parents on either side of the Atlantic. While it couldn’t be done during normal markets, however, it’s entirely possible that the Russia-Ukraine war could facilitate it. Either by finding...
PRESS RELEASE Windward’s Maritime AI solution enables freight forwarders to regain control of their business with increased visibility, accurate ETAs, and actionable insights to enable fast and informed resolutions to supply chain delays London, UK, February 22, 2022 – Windward (LSE: WNWD), the Predictive Intelligence company applying AI to transform global maritime trade, launched today its Ocean Freight...
Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in the liner shipping market. Clecat wrote to commissioner Margrethe Vestager calling for the regulator to establish “the degree of concentration, consolidation, coordination, and cartelisation in the upstream container liner shipping services markets serving...
A situation can turn swiftly from stress-free to stressful, but there are often remedies before us that, unfortunately, we aren’t able to detect at first glance. Briefly, on Premium‘s screen today: DSV’s start to the week was another one to forget, drawing from its share price action. The stock hit Dkr1,244.5 in early...
Bangladesh’s strained logistics sector could see major foreign investment, following a call by the EU for the country to relax restrictions. The EU is pushing Bangladesh to open up its logistics industry to foreign investment of up to 100%, from 49%. This would see foreign companies being able to invest independently, rather than...
China United Lines (CULines) has applied to be listed on the Hong Kong Stock Exchange. The liner operator, which is majority owned by the Chinese state, did not provide any fund-raising target or timetable in its listing prospectus, but stated that it plans to use the proceeds to expand its fleet, acquire...
Shipping lines continue to rail against the introduction of new legislation in the US that is aimed at curbing some of the excesses that both importers and exporters have complained about over the past two years. A Senate version of the Ocean Shipping Reform Act is now under consideration in the US...
