Evergreen ULCV order will leave THE Alliance far behind rivals in terms of big ship capacity

Evergreen’s new order of 10 23,000 teu ULCVs will bring the Ocean Alliance close to parity with the 2M alliance in terms of the number of 18,000 teu-plus ships in their combined fleet, leaving THE Alliance well behind, according to Alphaliner.
The Taiwanese carrier officially confirmed in a stock market disclosure last week an order for the 10 mega ULCVs which are to be built at South Korean and Chinese yards …

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https://theloadstar.com/evergreen-ulcv-order-will-leave-the-alliance-far-behind-rivals-in-terms-of-big-ship-capacity/

Management shake-up at Cosco Shipping

OOIL has appointed Wang Haimin (pictured) as the new chief executive of Cosco Shipping, one of three new management appointments.   
The container line announced the resignations CEO Huang Xiaowen, and executive director Zhang Wei this morning.  
Mr Wang is also chairman for the inside information and risk committees. But he stepped away from his duties as a member of the finance and compliance committees, and leaves his current post as vice president for Cosco Shipping. 
In a statement, the...

https://theloadstar.com/management-shake-up-at-cosco-shipping/

CH Robinson to invest $1bn in technology – or just 1.2% of gross revenues

CH Robinson is to invest $1bn in technology and innovation, and related talent, over the next five years, doubling its previous $1bn investment spent over 10 years.
President and chief executive Bob Biesterfeld announced the decision yesterday, saying it would create “extreme value”.
“We are a platform-driven solutions company with technology built by and for supply chain experts, powered by our information advantage,” he said.
“It’s when these tools are leveraged by the smartest and …

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https://theloadstar.com/ch-robinson-to-invest-1bn-in-technology-or-just-1-2-of-gross-revenues/

Hauliers trapped in ports, 150 km queues, and a Catch 22 for business – UK government Brexit ‘plan’ laid bare

Brexit’s continuing comedy of errors may see drivers stranded in ports on both sides of the Channel as a result of the UK government’s ongoing failure to prepare and properly advise.   
Head of global and European policy at the FTA Pauline Bastidon told The Loadstar she fears drivers may be caught in a “Catch-22” as a result of divergent no-deal customs processes.   
“Under the plans, documentation for Calais-bound exports will be pre-lodged on IT systems, with the idea that …

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Global container fleet breaches 23m teu as new ULCVs hit the water – and market softens

A wave of ULCV deliveries this year has pushed the total containership fleet capacity over the 23m teu mark, with the last million slots added in a breath–taking 14 months, according to an Alphaliner report. 
However, the newbuilds, mostly consisting of ULCVs, have arrived at a time of softening demand growth across the major tradelanes of the world, which is already forcing carriers to blank a significant amount of headhaul voyages. 
In fact on Monday the 2M partners, Maersk and MSC advised...

https://theloadstar.com/global-container-fleet-breeches-23m-teu-as-new-ulcvs-hit-the-water-and-market-softens/

DNV/GL predicts shipping industry will miss IMO 2050 CO2 reduction targets unless drastic action is taken

The shipping industry will miss the climate change reduction targets set by the International Maritime Organization (IMO) unless it ‘future-proofs’ newbuilds and continues to invest.
According to new research from classification society DNV/GL, the problem lies in the fact that no shipowner can invest in new technology today and be assured that that it won’t be obsolete within the space of a decade or two.
“Ships built today will have to compete …

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https://theloadstar.com/dnv-gl-predicts-shipping-industry-will-miss-imo-2050-co2-reduction-targets-unless-drastic-action-is-taken/

M&A radar: DSV Panalpina – two more prominent PAN heads ‘fired’ as DSV’s superior model prevails

The hammering was to be expected ever since the very early days of the DSV Panalpina integration – the start of which I labelled as the Viking Ironclad Age, Part IV.
Two prominent Panalpina (PAN) heads who played crucial roles in the PAN centralised matrix structure, have been “fired”, according to my trade sources.
Empowerment by DSV rules these days, naturally.
Focus: jobs and growth creation
Before the fireworks on Tuesday (more below), I …

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Supply chain radar: Schenker rumoured to have approached CMA CGM ‘for parts’ of the group

The obvious question for most of my trade sources both in Europe and stateside is: did CMA CGM buy Ceva Logistics on a whim, given how the group’s consolidated financials look currently? Saying “they are horrible”, as one executive put it this week, would be an understatement – surely, the carrier needs help to monetise its likely upcoming divestment push, and swiftly.
Elsewhere, many others are fully focused on the fortunes of DB …

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https://theloadstar.com/supply-chain-radar-schenker-rumoured-to-have-approached-cma-cgm-for-parts-of-the-group/

Congress investigates secretary of transportation Elaine Chao over possible conflicts of interest

And so it came to pass. Perhaps it was only a matter of time before US transportation secretary Elaine Chao got tainted by the shenanigans in the White House. Perhaps not, but as reported across the media over the past couple of days, and as this interesting analysis by Salon extrapolates, there is considerable evidence to suggest that Ms Chao used her position to further her own and her family’s …

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M&A radar: DSV & Panalpina combined – here is the ‘air & sea regional management team’

“The recurrent themes are that at PAN morale is low because of the Swiss forwarder’s poor performance – which, incidentally, was confirmed (…) when it released its interim results. Over at DSV, employees – apart from one in America who believes he works for a German company – frequently say their careers are limited by, well, not being Danish.” – Mike Weir, Loadstar Premium, “You don’t have to be Danish to …

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