On the wires: K+N’s latest bolt-on – something for DSV Panalpina to worry about?

“Kuehne + Nagel will acquire the overland and logistics activities of Rotra. The seafreight and airfreight as well as the container terminal activities will remain with the current owners. The acquisition is subject to customary closing conditions, including merger clearance by the competent competition authorities.” – Kuehne + Nagel (K+N), 19 November 2019.  
K+N and its new fast-growing rival DSV Panalpina seen through the lenses of their own deal-making?
One is …

The post On the wires: K+N’s...

https://theloadstar.com/on-the-wires-kns-latest-bolt-on-something-for-dsv-panalpina-to-worry-about/

M&A radar: DSV Panalpina – shareholder value above all

“Basel negotiations running into difficulties” was the loud and clear message I got on Thursday last week concerning the one-day-maybe-TV-series “DSV Panalpina whereabouts” and the human side of this unnerving M&A story for so many.
As you might know, it boils down to shareholder value – and now hovering around Dkr740 a share, DSV trades close to record highs well above buyback levels.
Two sides
I asked around for some material evidence of those …

The post M&A radar: DSV Panalpina – shareholder...

https://theloadstar.com/ma-radar-dsv-panalpina-shareholder-value-above-all/

Market Insight: AP Møller-Mærsk + MSC – things you cannot buy…

I had the most joyful conversations this week with senior trade sources who validated, from very different perspectives, my speculative take on Søren Toft’s appointment as chief executive officer of MSC – check out the first of two “either/or” bullets here in my previous coverage.
In short, APMM and MSC are not at war.
For some reason, I ended up talking extensively about Vincent Clerc, the chief commercial officer of AP Møller-Mærsk …

The post Market Insight: AP Møller-Mærsk + MSC – things you...

https://theloadstar.com/market-insight-ap-moller-maersk-msc-things-you-cannot-buy/

Lineage Logistics expands down under with takeover of Emergent Cold

US cold chain operator Lineage Logistics is set to enter the Australasian market after agreeing to acquire Emergent Cold for an undisclosed amount.
The deal will bring together two players that have been highly active in M&A in the perishables supply chain.
Founded less than two years ago by cold chain veteran Neal Rider and backed by US investment house Elliott Management, Emergent Cold boasts some 46 cold stores in six countries, …

The post Lineage Logistics expands down under with takeover of...

https://theloadstar.com/lineage-logistics-expands-down-under-with-takeover-of-emergent-cold/

Anger at ‘bureaucratic’ IMO’s ‘lack of urgency’ on cleaning up shipping

The IMO has decided on a goal-setting approach by member states to decarbonise shipping, rather than progress the proposals put forward by some members for a mandatory speed reduction on vessels.  
The strategy, decided last week in London, not to opt for speed restrictions has angered the members of the Clean Shipping Coalition (CSC) who blasted the IMO for its “bureaucracy” and “lack of urgency”. 
An IMO working group agreed a draft text that will be put forward to the …

The post Anger at...

https://theloadstar.com/anger-at-bureaucratic-imos-lack-of-urgency-on-cleaning-up-shipping/

New hope for troubled Chile that it can save $4.6bn salmon export market

Chile hopes to see its salmon exports begin again this week, following the protests and civil unrest that has hampered its export markets.  
While its fruit has, for the most part, has managed to leave the country, that has only been down to “people working very hard”.  
In the salmon industry, exports have been stopped by road blockages, as well as union protests. Logistics from the island of Chiloe, a salmon centre, were hampered, while some …

The post New hope for troubled Chile that it can...

https://theloadstar.com/new-hope-for-troubled-chile-that-it-can-save-4-6bn-salmon-export-market/

Kerry confirms takeover of Turkish forwarder ASAV, and eyes more M&A 

 Cash-rich Kerry Logistics has taken another step in its ambitious growth plans, acquiring one of Turkey’s top air freight forwarders. 
In a deal revealed by Loadstar Premium in June to buy Asav Lojistik Hizmetleri Anonim Sirketi (ASAV), Kerry has expanded its freight forwarding capabilities between Asia and Europe – and is looking for more acquisitions.  
ASAV has seven offices in Turkey and one in Amsterdam, as well as a 452,000 sq ft warehouse in Istanbul for both bonded and non-bonded goods...

https://theloadstar.com/kerry-confirms-takeover-of-turkish-forwarder-asav-and-eyes-more-ma/

Supply chain radar: The Deutsche Bahn mess – farewell Mr Doll, it was short… and not very sweet

You might have missed some key bits of the story below – I did for well over a day – from Der Tagesspiegel, published only in German language last Friday night:
“Alexander Doll was considered a bearer of hope. Now he has to go. (…) The process illustrates the problems of the group (…). Doll, an experienced financial expert throws the towel after only one and a half years after attempting to rehabilitate one …

The post Supply chain radar: The Deutsche Bahn mess – farewell Mr Doll, it was short…...

https://theloadstar.com/supply-chain-radar-the-deutsche-bahn-mess-farewell-mr-doll-it-was-short-and-not-very-sweet/