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...Flush with pandemic cash, Saadé has taken CMA CGM on a quick-fire, roughly €35bn acquisition spree, with the aim of diversifying into logistics to cushion the group from shipping’s boom-and-bust cycles....
...If unresolved, ships will soon be out of position, threatening logistics and global supply chains, Clerc said....
...French container shipping group CMA CGM abandoned its pursuit of UK logistics company Wincanton on Tuesday, making it almost certain that a rival bid by GXO would succeed....
...CMA CGM, the French shipping group, last month agreed to buy the company for 450p a share in a recommended bid....
...group....
...Some rival shipping groups including AP Møller-Maersk have suspended the Red Sea route linking Europe and Asia....
...This does not include some of the group’s latest acquisitions, such as a €5bn deal for the logistics business of French billionaire Vincent Bolloré, and the purchase of British delivery and warehousing company...
...The board unanimously recommended shareholders accept the offer from the supply chain logistics group, which represented a 52 per cent premium to the last closing price....
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
...According to Clarksons, the shipping services group, long-distance seaborne car shipments in 2023 were 17 per cent higher than the previous year, largely because of big increases in exports from China....
...French shipping group CMA CGM and carrier Air France-KLM are scrapping an air cargo partnership after struggling to get US approval to operate North American routes and deliver on the project’s promise in...
...The 54-year old has set the family-owned CMA-CGM on an acquisition spree since it made windfall profits during the Covid-19 pandemic with the twin aims of diversifying the group into logistics so as to offset...
...Letter in response to this article: Shipping lives with arcane world of geopolitics / From Enrico Vergani, Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers), London EC4, UK...
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
...and foreign ports, foreign logistics networks, shippers, shipping companies, other public databases, and hundreds of thousands of users in the PRC.”...
...and UK insurer Hiscox: AP Møller-Maersk: Shares in the the world’s second-largest container group dropped 4.7 per cent after chief executive Vincent Clerc said disruption to shipping in the Red Sea remained...
...President Biden in April opened an investigation into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, a move that could lead to duties for Chinese-built ships calling at...
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...The group’s shares were 3.3 per cent down on Euronext in Oslo on Wednesday, but 12.3 per cent up on a month ago....
...Attacks on shipping in the Red Sea threaten to create a ‘‘chaotic” period for Europe’s manufacturers and retailers as supply chains are disrupted, logistics experts have warned....
...A group of workers laid off from Anglo American sat drinking in the early morning sun outside a makeshift township bar in Ga-Puka, deep in South Africa’s platinum mining belt....
...The group has launched 99 attacks in the Red Sea and surrounding waters — affecting 15 commercial ships, including four American vessels — since October....
...Many stores were in poor shape, bad locations and suffered from logistics problems. Although both chains pull in similar revenues, Family Dollar is barely profitable....
...CMA CGM, the French shipping group, last month agreed to buy the company for 450p per share in a recommended bid....
...Shares in Wincanton jumped 18 per cent on Thursday after logistics group GXO announced an all-cash offer for the UK-based delivery and warehousing company, trumping a previously agreed bid by French shipping...
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