Comment

Diversity – does it matter in shipping?

Professor Averil Macdonald OBE

Diversity – does it matter in shipping?

by  Professor Averil Macdonald OBE, DSc, D.Univ, FInstP, FRSA. Emeritus Professor University of Reading, Senior Warden Worshipful Company of Fuellers.

Organisations of all sizes across every industry sector are scrutinising their diversity statistics – and for good reason. They know that traditional businesses are being forced to innovate to survive and, just as a football team full of strikers would quickly be relegated, it is...

http://www.allaboutshipping.co.uk/2018/11/21/diversity-does-it-matter-in-shipping/

Supply Chain Radar: after trouble for CEVA & XPO, how exposed is K+N’s portfolio of clients?

Swiss transport behemoth Kuehne + Nagel is often named by sources concerned with counter-party risk – and the damage it could bring. Which, after the impact of problematic clients on the financials of XPO Logistics and CEVA Logistics in Q3, is no trivial matter.
XPO stays bullish, despite a $15m hit from a client bankruptcy, which forced it to opt for a more conservative guidance for key financial metrics, that so far have determined …

The post Supply Chain Radar: after trouble for CEVA & XPO,...

https://theloadstar.co.uk/ceva-xpo-exposed-credit-risk-kns-portfolio-clients/

Five options if UK rejects May deal, Balancing the roles of the ECB

UK PM Theresa May

Commentary: Five options if UK rejects May deal

By Charles Grant in London

UK Prime Minister Theresa May has clinched her deal with the European Union and persuaded most of her cabinet to support it. But after EU leaders sign off the deal at a summit on 25 November, May has promised the House of Commons a ‘meaningful vote’; it is hard to see how she can win it. However, even if May falls, the arrival of a new Conservative party leader would not change the parliamentary arithmetic...

http://www.allaboutshipping.co.uk/2018/11/19/five-options-if-uk-rejects-may-deal-balancing-the-roles-of-the-ecb/

Analysis: just where, and on whom, will APMM’s M&A gaze settle?

The corporate story of AP Møller-Maersk Group (APMM) is incredibly fascinating. It is worth watching as it unfolds daily and trying to figure out what could be next – not only for the Danish carrier, but also for its freight forwarding arm, Damco.
APMM’s ties in the US may become increasingly strong now, after a few trade sources openly speculated about CH Robinson as a possible partner. There has also been …

The post Analysis: just where, and on whom, will APMM’s M&A gaze settle? appeared first...

https://theloadstar.co.uk/analysis-just-will-apmms-ma-gaze-settle/

Renminbi’s global reserve share rising, US midterms podcast

Commentary: Renminbi’s global reserve share rising

By Gary Smith in London

Asset class diversification continues to be a key theme for central bank foreign exchange reserves managers. Despite a weaker renminbi/dollar rate this year, the Chinese currency has increased its share in global reserves, according to IMF data. The latest report shows a jump in renminbi holdings of around $50bn in the second quarter of 2018. Less than a decade after the launch of the renminbi internationalisation...

http://www.allaboutshipping.co.uk/2018/11/16/renminbis-global-reserve-share-rising-us-midterms-podcast/

Comment: The withdrawal agreement and the impact on the insurance industry

Bob Haken

Norton Rose Fulbright insurance partner Bob Haken commented:

“What the Political Declaration does say about financial services in general is that there will be commitments to “preserving financial stability, market integrity, investor protection and fair competition, while respecting the [UK’s and the EU’s] regulatory and decision-making autonomy, and their ability to take equivalence decisions in their own interest”. This focus on equivalence is unfortunate for the insurance industry...

http://www.allaboutshipping.co.uk/2018/11/15/comment-the-withdrawal-agreement-and-the-impact-on-the-insurance-industry/

Market Insight: as hungry XPO eyes takeover targets, Ryder comes into view

From hungry hunter to possible prey – if the price is right: the corporate story of US-based XPO Logistics has no equal in logistics.
Led by a star executive, Brad Jacobs, the firm has so many capital allocation cards to play, that despite a stated mission of pursuing large acquisitions, it could well end up opting to invest top dollar in organic growth measures all the way through to the end of …

The post Market Insight: as hungry XPO eyes takeover targets, Ryder comes into view appeared first...

https://theloadstar.co.uk/market-insight-hungry-xpo-eyes-takeover-targets-ryder-comes-view/

The BDI@1,064: …the plot thickens…

John Faraclas

The BDI (Baltic Dry Index) lost 61 points earlier on today sending alarms around as the Capes … “returned” to triple digit losses. Geopolitics still critical and everything in the Mighty Continent “shifts” to BREXIT and the Italian Budget… whilst all other crucial issues remain unaltered… John Faraclas’ daily briefing:

The Capes’ BCI lost 245 points and now reads 1,153; what next?

Two valuable points for the Panamaxes’ BPI, now up at 1,498 !!!

Losses for both Supras and Handies; the...

http://www.allaboutshipping.co.uk/2018/11/13/the-bdi1064-the-plot-thickens/

Zambia’s infrastructure habit, Super-fast politics podcast

Commentary: Zambia’s infrastructure habit

By Max Roch in London

Infrastructure development in Zambia is a powerful tool for swaying public opinion. However, despite its importance to economic growth, it is contentious. Past projects are associated with high costs, opaque tender processes and rising public debt. The tension between development and debt dominates, and the two issues often lead back to China and its funding of Zambian infrastructure projects. In a nation that emerged out of...

http://www.allaboutshipping.co.uk/2018/11/14/zambias-infrastructure-habit-super-fast-politics-podcast/

Supply Chain Radar: does CEVA’s Q3 update make a counterbid by DSV less likely?

French carrier CMA CGM must publish by 30 November the full details of its offer for CEVA Logistics, currently priced at CHF30 a share. So what is my take, and the feedback I have received in the past 24 hours?
CEVA’s days as a standalone, viable entity are numbered, judging by its third-quarter update released on Thursday.
In a nutshell, the firm is growing in a market where less profitable growth is harder …

The post Supply Chain Radar: does CEVA’s Q3 update make a counterbid by DSV less...

https://theloadstar.co.uk/radar-ceva-q3-makes-counterbid-dsv-likely/

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