New lockdown and suspension of passenger flights hit Bangladesh exports

A capacity crunch, caused by the suspension of international passenger flights, has increased air freight rates out of Bangladesh by up to 30%, with a particular rise in Dhaka-US lanes.
As the Covid-19 situation worsened, Bangladesh’s government enforced a ‘hard-lockdown’ on 14 April and, since then, all regular passenger flights have been suspended.
About 65% of all air freight out of Bangladesh is carried on on passenger aircraft, according to Kabir Ahmed, president of the …

The post New...

https://theloadstar.com/new-lockdown-and-suspension-of-passenger-flights-hits-bangladesh-exports/

Hopes high for post-Covid resurgence of cruise industry logistics sector

Recently, cruise ships have converged on the Caribbean island of St Vincent, but their passengers are not the customary pleasure-seekers – the vessels were dispatched for the evacuation of locals whose lives are threatened by the eruptions of the La Soufriere volcano.
This was not the restart the cruise lines anticipated, but they are hoping normal business will resume soon.
In the US, the industry has targeted 4 July, reported Maxine Krajniak …

The post Hopes high for post-Covid resurgence of...

https://theloadstar.com/hopes-high-for-post-covid-resurgence-of-cruise-industry-logistics-sector/

M&A radar: Base case – DSV Panalpina, the next target of DSV Panalpina

Certain private exchanges ahead of what is arguably a defining week for the staggering stock market tale of DSV Panalpina (DSV PAN) are priceless.
What’s at stake
Play up expectations again when the interims come out next Tuesday, without acting promptly (February 10: this should ring a bell), and shareholder value is at risk.
Try to convince the rest of the T&L world and investors that you know how to play the organic …

The post M&A radar: Base case – DSV Panalpina, the next target of DSV...

https://theloadstar.com/ma-radar-base-case-dsv-panalpina-the-next-target-of-dsv-panalpina/

Imperial Logistics gets leaner as it sells S America shipping business

Imperial Logistics has taken another step in its bid to “get fitter”, by rationalising its sprawling businesses, with the sale of its South American shipping arm.
Brazilian inland waterways company Hidrovias do Brasil has bought the 90-vessel operation, which reportedly saw revenues of $36m for the year ending 30 June and ebitda of $9.4m.
The deal was for $90m, with, interestingly, an earn-out of up to $5m based on water levels over …

The post Imperial Logistics gets leaner as it sells S America...

https://theloadstar.com/imperial-logistics-switches-focus-to-africa-as-it-sells-s-america-shipping-business/

Anthony Jordan steps up to become EVP and COO for Geodis in the Americas

Geodis has promoted Anthony Jordan (pictured above) to executive vice president and chief operating officer of the Americas region.
Mr Jordan was most recently senior vice president and head of market line operations in the region.
“Throughout Anthony’s 15-year tenure at Geodis, he has proved himself a true logistics professional who has played an instrumental role in supporting our company’s growth,” said Mike Honious, Americas president and chief executive.
“Anthony has been an …

The post Antho...

https://theloadstar.com/anthony-jordan-steps-up-to-become-evp-and-coo-for-geodis-in-the-americas/

Market Insight: Who’s really behind the multi-billion dollar claim against DSV?

The lawsuit against DSV, in which the Danish forwarder is potentially on the hook along for several billions of dollars in damages, has taken an interesting twist.
(Our previous coverage is here, background; and here)
A quick recap
Last year, North American Sugar Industries filed a lawsuit claiming that DSV (now DSV Panalpina), along with BBC Chartering, had used a port it had owned in Cuba, but which was expropriated by the Cuban government …

The post Market Insight: Who’s really behind the...

https://theloadstar.com/market-insight-whos-really-behind-the-multi-billion-dollar-claim-against-dsv/

On the wires: SF Holding – M&A fillip already gone (as Kuehne and TFI smile)

That the full, upcoming Q1 ’21 update – expected within the next month – would be painful for SF Holding emerged recently and may be a reason according to which the Chinese integrator had to act swiftly to take over Kerry Logistics Network, although the M&A momentum was momentary, as opposed to that enjoyed by others that went for deal-making in the first quarter.

“Valuation still stretched after share price correction: SF’s share …

The post On the wires: SF Holding – M&A fillip already gone (as...

https://theloadstar.com/on-the-wires-sf-holding-ma-fillip-already-gone-as-kuehne-and-tfi-smile/

Dachser a ‘rock of stability’ during the pandemic as air and sea shine

High air and sea freight rates drove Dachser’s revenues last year and, despite falling volumes, the forwarder recorded net earnings of €5.61bn ($6.67bn), down 0.9% on 2019.
Air and Sea Logistics saw revenue growth of 5.2%, to €1.2bn, as it “benefited from the shortages in air and sea freight capacity, and the corresponding rise in freight rates throughout 2020,” it said, as well as activity in Asia.
It added that its own …

The post Dachser a ‘rock of stability’ during the pandemic as air and sea...

https://theloadstar.com/dachser-a-rock-of-stability-during-the-pandemic-as-revenues-rise/

Market insight: Frustration boils over in the bunker

The bunker mentality in logistics is awful.
Indeed 
Far from being educational, perhaps instead only mildly reflective, if anything, this column today is a mere representation of the informal feedback received from the corporate side and our private circles.
Taking a breather from the numbers, the insights and the like, the classic “do not shoot the messenger” applies.
But also, “if they talk about it, we talk about it” – and if they don’t …

The post Market insight: Frustration boils over in the...

https://theloadstar.com/market-insight-frustration-boils-over-in-the-bunker/

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