Analysis: with the clock ticking, Agility faces the Bolloré temptation

Agility isn’t rocking as it did, very conveniently, when talk of a Panapina (PAN) tie-up dominated the headlines in the first quarter – that’s the key takeaway from the Q1 conference call that took place last week.
Which makes it an ideal time to boost expectations via creative financial engineering, if it seriously intends to play an active role in freight forwarding (FF)/contract logistics consolidation alongside other action currently taking place in …

The post Analysis: with the clock...

https://theloadstar.com/analysis-with-the-clock-ticking-agility-faces-the-bollore-temptation/

Maersk and Hamburg Süd restructure Latin America-North Europe services

Maersk and Hamburg Süd are set to launch a new service between the west coast of Latin America and North Europe next month as part of a comprehensive restructure of their joint network between the regions.
The CLX service by Maersk, and SAWC by subsidiary Hamburg Süd, offers offers Latin American perishables exporters direct calls at the Chilean ports of San Antonio and San Vincente and Peru’s Callao, before transiting the …

The post Maersk and Hamburg Süd restructure Latin America-North Europe...

https://theloadstar.com/maersk-and-hamburg-sud-restructure-latin-america-north-europe-services/

Peel Ports moves into forwarding arena with acquisition of Quality Freight

The blurring of supply chains continues, as Peel Ports moves into the forwarding business with the acquisition of UK-headquartered Quality Freight.
The takeover of the freight forwarder was announced today, and a spokesperson said the company would continue to operate as Quality Freight with Sebastian Gardiner as managing director
Peel chief executive Mark Whitworth said: “Our strategy is to be a leading UK provider of port-centric logistics solutions. We are looking to drive additional …

The...

https://theloadstar.com/peel-ports-moves-into-forwarding-arena-with-acquisition-of-quality-freight/

Panalpina board must resign and DSV will cherry-pick best staff to keep

DSV looks set to pick out the best of Panalpina’s staff and keep them, but others will face a DSV-led committee to decide how the companies will be integrated.
The set-up has been detailed in DSV’s offer prospectus for Panalpina, which also reveals that DSV insists all Panalpina’s board members resign and, following an extraordinary shareholders’ meeting, DSV will appoint a new board. 
The filing states that Panalpina has in place “a global …

The post Panalpina board must resign and DSV will...

https://theloadstar.com/panalpina-board-must-resign-and-dsv-will-cherry-pick-best-staff-to-keep/

Carrier relief as MEPC fails to agree plan for mandatory speed limits for shipping

The 74th sitting of the IMO’s Marine Environment Protection Committee (MEPC) ended on Friday without agreement of any of the proposals put forward to reduce GHGs (greenhouse gas emissions) from shipping.
They included a French and Greek proposal, supported by 120 shipping companies, to impose a mandatory speed limit on shipping.
However, the IMO did agree to keep the proposal on the table as one of three to be debated further at …

The post Carrier relief as MEPC fails to agree plan for mandatory...

https://theloadstar.com/carrier-relief-as-mepc-fails-to-agree-plan-for-mandatory-speed-limits-for-shipping/

Market Insight: New recruitment suggests AP Møller Mærsk is targeting your FF business

A few hours before yesterday’s soft corporate divisional reorg announcement from AP Møller Mærsk there was frantic talk amongst my sources, many of whom pressed ahead with the debate over the end-to-end vertical logistics push from the Danish powerhouse.
The Inland Services integration was just the proverbial cherry on the cake for bears of the APPM corporate plan this week – I briefly touched upon it here yesterday – because the words of …

The post Market Insight: New recruitment suggests AP...

https://theloadstar.com/market-insight-new-recruitment-suggests-ap-moller-maersk-is-targeting-your-ff-business/

Latest containership fire leads Grimaldi to demand tighter regs on ocean cargo

Ro-ro operator Grimaldi is calling for tighter controls on goods travelling by sea following a second containership fire in as many months.
The 1998-built Grande Europa was hit by a double blaze on Wednesday night, the first breaking out at 12.15am and a second, several decks below, at 4am.
Fortunately, the 25-strong crew were able to extinguish the first fire and bring the second under control, although 15 crew members were evacuated …

The post Latest containership fire leads Grimaldi to demand...

https://theloadstar.com/latest-containership-fire-leads-grimaldi-to-demand-tighter-regs-on-ocean-cargo/

Claims that Maersk has started a new rates war, as carriers slash FAK prices

Asia-North Europe carriers are continuing to slash FAK rates as the container spot market records another weekly decline.
APL and parent company CMA CGM announced today that from 1 June, the 40ft FAK rate would be cut by $100 to $1,800 for the Le Havre-Hamburg range of ports and to $1,850 for the UK ports of Felixstowe and Southampton.
The decision follows Maersk Line confirming last week it would lop $300 off …

The post Claims that Maersk has started a new rates war, as carriers slash FAK prices...

https://theloadstar.com/claims-that-maersk-has-started-a-new-rates-war-as-carriers-slash-fak-prices/

JB Hunt enters US freight forwarding fray after gaining NVOCC licence

One of the largest overland freight transport providers in the US, JB Hunt, has entered the freight forwarding sector after receiving an NVOCC licence from the Federal Maritime Commission (FMC).
According to ocean recovery expert Steve Ferreira, founder of Ocean Audit, JB Hunt was awarded its non-vessel operating common carrier licence “a few weeks ago”, and the FMC ocean transport intermediaries (OTI) database lists JB Hunt as an authorised NVOCC with …

The post JB Hunt enters US freight...

https://theloadstar.com/jb-hunt-enters-us-freight-forwarding-fray-after-gaining-nvocc-licence/

Carriers getting increasingly nervous as protectionist policies gain ground

Ocean carriers are getting increasingly nervous over trade tensions and state–subsidised competitors, as protectionist policies continue to gain ground across the globe. 
Several shipping bodies, including the International Chamber of Shipping (ICS), Asian Shipowners’ Association (ASA) and European Community Shipowners’ Association (ECSA) took to the floor of the WTO this week to express their concerns. 
They presented two papers to the WTO, stating they were “fully committed to the...

https://theloadstar.com/carriers-getting-increasingly-nervous-as-protectionist-policies-gain-ground/