DSV takeover bid for CEVA Logistics rebuffed, but CMA CGM eyes bigger stake

CEVA Logistics has rejected an unsolicited takeover bid by Danish rival DSV worth around $2.5bn.
DSV confirmed today it had made an offer of CHF27.75 per CEVA share, which is listed on the Swiss stock exchange with a share issue of some 55m.
The offer would value its equity at just over $1.5bn – a figure that goes up to $2.5bn once CEA’s net debt of around $1bn is included. CEVA was IPO’d at CHF27.5 …

The post DSV takeover bid for CEVA Logistics rebuffed, but CMA CGM eyes bigger stake appeared...

https://theloadstar.co.uk/dsv-takeover-bid-ceva-logistics-rebuffed-cma-cgm-eyes-bigger-stake/

CMA CGM supports CEVA’s decisions

CMA CGM has the strategic ambition to accelerate CEVA’s turnaround and create value for all stakeholders, as discussed within the Board of CEVA during the last few weeks.

Shipping giant plans to unlock CEVA’s potential by:

  • Bringing its recognized operational expertise and turnaround track record to reinforce CEVA’s management and organization and help it deliver a quicker and deeper turnaround.
  • Generating new commercial opportunities: as a leading shipping company, CMA CGM will generate new...

http://container-news.com/cma-cgm-supports-ceva-decesions/

New line opens between China & Lebanon

A huge container ship named CMA CGM Congo arrived at Lebanese port of Tripoli on Tuesday to open a new shipping line between China and the port.

“The vessel is the first to hold 10,000 containers. It will unload 1000 containers in Tripoli port for the local market, and the rest will go to other ports in the region,” said Ahmad Tamer, manager of Tripoli port.

Tamer said that this new line, Beks, is characterized by its capacity to host big-size cargo vessels that can reach 50 meters in width and...

http://container-news.com/new-line-china-lebanon/

Overweight Surcharge on Asia and India to Africa trades

CMA CGM wishes to inform of the following Overweight Surcharge (OWS).

Effective October 22nd, 2018 (B/L date):

  • From Southeast Asia and India East Coast
  • For cargo bound and in transit to Western Africa: Angola, Benin, Cameroon, Congo, Democratic Republic of Congo, Equatorial Guinea, Gabon, Ghana, Ivory Coast, Nigeria, Togo
  • For cargo bound and in transit to Southern Africa: Namibia
  • Dry cargo
  • USD 300 per 20′ container with a gross weight above 17 tons

The post Overweight Surcharge on Asia and...

http://container-news.com/overweight-surchage-asia-india-africa-trades/

NPA to sanction CMA CGM

The management of Nigerian Ports Authority (NPA), has vowed to sanction CMA CGM and any other international shipping line that may introduce arbitrary charges at ports.

Importers and officials of NPA  who spoke with The Nation yesterday, condemned the $400 congestion surcharge the CMA CGM international shipping line slammed on every container coming to the two ports of Lagos.

In an email sent to importers and clearing agents at the weekend, the shipping company announced that effective October...

http://container-news.com/npa-sanction-cma-cgm/

CMA CGM, new FAK rates

Please find the new applicable CMA CGM Freight All Kinds (FAK) rates(*) as follows as from November 1st, 2018 (date of loading in the origin ports) and until further notice:

Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective. Other port pairs, commodities and container types which have not been listed here-in may also be subject to increase.

These new FAK rates will apply as follows:

  • Origin Range: From West Med, East...

http://container-news.com/cma-cgm-new-fak-rates/

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