You probably remember this note, published by Premium in mid-September: “Ex-PAN board member Karl Weyeneth named as EVP global accounts” at DSV Panalpina.
As you may know, the CFO, Robert Erni, and CEO, Stefan Karlen, of Panalpina were kindly retained but they have never been involved in the business operationally. Even star executive Mr Weyeneth has had a short-lived career path under the Danish ownership of Panalpina, representative of what value …
The post EXCLUSIVE Market Insight: DSV...
Trying to find sweet spots in Agility’s annual results this week – they were a few, well displayed too – I felt vindicated when I shared the view that in its current form, with infrastructure assets and Global Integrated Logistics (aka “GIL”; logistics/freight forwarding operations) under the same corporate umbrella, Agility may have no real reason to exist if, as management have been hinting, it plans to be acquisitive.
Problem is, for M&A …
The post EXCLUSIVE Market Insight: Agility’s GIL CEO...
https://theloadstar.com/exclusive-market-insight-agilitys-gil-ceo-departure-dwarfs-2019-numbers/
Safe harbours.
Without having to elaborate on the relevance of the latest appointment made by Denmark’s AP Møller-Mærsk (APMM) this week, let’s make sure that we are all on the same page from the outset:
“With effect 1 May 2020, Patrick Jany will take up the position as chief financial officer (CFO) of AP Møller – Mærsk A/S and will become a member of the executive board. Patrick Jany, age 52, comes from …
The post EXCLUSIVE M&A radar: Maersk talks harbour towage sale with Boluda appeared first...
https://theloadstar.com/exclusive-ma-radar-maersk-talks-harbour-towage-sale-with-boluda/
It’s that time of the year when management changes are announced, and market talk from several sides is that there have been some truly enticing developments at Germany’s Hellmann Worldwide Logistics, which ended up affecting its top management structure.
By way of background: Hellmann has been in restructuring mode for years, and was one of the very first rumoured targets I heard about when I started monitoring the industry in late …
The post Market Insight EXCLUSIVE: Hellmann gets new global...
Singapore’s Pacific International Lines (PIL), which is privately owned, has been off the radar since May when it emerged that sovereign wealth fund Temasek had helped it out providing some vital funding to get through to 2020, keeping default risk at bay.
Now though, market sources say that PIL is still navigating choppy financial waters and is close to divesting peripheral assets, although negotiations are private and any sale is not closed yet. …