The Loadstar

Making sense of the supply chain

  • APMM reports $120m profit in Q4 18, but has no high hopes for new year

    APMM reports $120m profit in Q4 18, but has no high hopes for new year

    AP Møller Maersk recorded an underlying profit of $120m in the fourth quarter of 2018, to take its full-year profit to $220m. But the Danish transport and logistics group is pessimistic in its...

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  • New multi-million pound ro-ro terminal for port of Tilbury gets the green light

    New multi-million pound ro-ro terminal for port of Tilbury gets the green light

    Port of Tilbury has been given the go-ahead to build a multi-million pound terminal opposite its current site on the Thames. Following approval of a development consent order (DCO) by transport...

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  • ‘Digital leadership and efficiency improvements’ drive Agility profits up 14.5%

    ‘Digital leadership and efficiency improvements’ drive Agility profits up 14.5%

    While there were double-digit increases all round for Agility in its 2018 results, all eyes are on its potential tie-up with Panalpina. In an earnings call, chief financial officer Ehab Aziz said...

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  • Two-month wait for cargo aboard fire-hit Yantian Express

    Two-month wait for cargo aboard fire-hit Yantian Express

    Shippers with damaged cargo on board the fire-stricken Yantian Express may have to wait up to two months before they receive their goods. Owner Hapag-Lloyd said the vessel remained at a berth in...

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  • More integration and air cargo cooperation needed for intra-Africa trade to succeed

    More integration and air cargo cooperation needed for intra-Africa trade to succeed

    A lack of intra-African trade, and restrictive air transport agreements are among the biggest barriers to a successful logistics sector across the continent. Dick Murianki, general manager of...

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  • WTO meeting spawns a split, with multinational e-commerce rules drive

    WTO meeting spawns a split, with multinational e-commerce rules drive

    Frustration with the World Trade Organisation’s (WTO) inability to advance towards a global set of rules for e-commerce has prompted a number of countries to push to develop such a framework among...

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  • HMM chief CK Yoo in shock resignation

    HMM chief CK Yoo in shock resignation

    HMM chief executive CK Yoo has told colleagues he is resigning, despite a three-year contract extension last year. The boss of South Korea’s flagship carrier, Mr Yoo sent an internal note to...

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  • ‘Well-earned’ promotion for Mike Duffy and Mike Simpson at WFS

    ‘Well-earned’ promotion for Mike Duffy and Mike Simpson at WFS

    Worldwide Flight Services (WFS) has announced two promotions: Mike Duffy (pictured) and Mike Simpson take over as as EVP for innovation and EVP for Americas, respectively. Mr Simpson is set to...

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  • Market Insight: Kuehne + Nagel-DSV deal – the No’s have it, for now

    Market Insight: Kuehne + Nagel-DSV deal – the No’s have it, for now

    “These [K+N+DSV] details were never meant to see the light of day at this point”, my market sources concluded several hours after K+N and DSV denied deal talks on Wednesday, and after I had...

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  • Supply chain radar: Maersk results out – don’t panic yet, a new blue star is born

    Supply chain radar: Maersk results out – don’t panic yet, a new blue star is born

    A quick and dirty take on AP Møller Mærsk (APMM)’s fourth-quarter and annual results, released this morning, which confirmed the Danish group is getting leaner but is still in full restructuring...

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  • BBG: Goodwill hunting is a disaster movie in China

    BBG: Goodwill hunting is a disaster movie in China

    “Cover your eyes. The coming earnings season won’t make pleasant viewing as companies are forced to reassess asset values,” write Blomberg’s Shuli Ren. The post BBG: Goodwill hunting is a disaster...

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  • RTR: Exclusive: Lyft plans to launch IPO roadshow week of March 18 – sources

    RTR: Exclusive: Lyft plans to launch IPO roadshow week of March 18 – sources

    REUTERS reports: “Lyft plans to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market,...

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  • DP World buys back P&O Ferries, ten years after selling it

    DP World buys back P&O Ferries, ten years after selling it

    DP World has re-acquired P&O Ferries for $322m ($421m), 10 years after it sold the operator to Dubai World. In 2006 port operator DP World acquired the UK-based P&O group and sold some divisions,...

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  • Scrubber debate heats up as EC calls on IMO to restrict their use

    Scrubber debate heats up as EC calls on IMO to restrict their use

    The pro-scrubber Clean Shipping Alliance 2020 has strongly criticised the EC for urging the International Maritime Organization (IMO) to restrict the use of open-loop exhaust gas cleaning systems...

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  • Expeditors’ CEO praises staff for a ‘determined focus on profitability’ last year

    Expeditors’ CEO praises staff for a ‘determined focus on profitability’ last year

    Expeditors International recorded a strong end to the year, with an 18% surge in revenue, pushing full-year figures to show similar growth. The 3PL saw more than $8bn in income over the course of...

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  • Panalpina goes digital, with real-time quotes, booking and payment online

    Panalpina goes digital, with real-time quotes, booking and payment online

    Panalpina says it is making headway in its digital transformation with the launch of a system that allows customers to get real-time quotes, book and pay online. Currently available on an...

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  • Stakeholders in maritime supply chain call for repeal of Consortia BER

    Stakeholders in maritime supply chain call for repeal of Consortia BER

    A plethora of maritime associations are calling for an in-depth review of the industry’s regulatory framework. A statement put out today by Clecat said there had been no review in the last decade...

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  • East-west tradelane starts to fly as Africa opens up to new global markets

    East-west tradelane starts to fly as Africa opens up to new global markets

    A new east-west tradelane is beginning to flourish, and could eventually overtake the traditional north-south route between Africa and Europe. The growing influence of China in Africa, coupled...

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  • Supply chain radar: nothing stopping Royal Mail opening a network of smartphone stores…

    Supply chain radar: nothing stopping Royal Mail opening a network of smartphone stores…

    Imagine owning a typewriter repair shop when desktop PCs and printers hit the market. Then imagine being legally obliged to continue fixing typewriters, while the rest of the world – perhaps with...

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  • HEI: William Barr will have the Mueller report ‘as early as next week’ – sharing is caring, Bill! (sub required)

    HEI: William Barr will have the Mueller report ‘as early as next week’ – sharing is caring, Bill! (sub required)

    THE HEISENBERG writes: “Just two weeks after being confirmed, William Barr will announce that Robert Mueller has completed his investigation…” The post HEI: William Barr will have the Mueller...

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