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/

MPs call for assessment of economic impact and prospects of UK freeports

There are concerns over the potential success of the UK government’s freeport policy, after the International Trade Committee called for impact assessments of growth prospects.
Committee chair Angus Brendan announced yesterday that, while the government’s efforts to bolster trade and investment through a series of freeports had been welcomed, there remained serious concerns over their effectiveness.
“Now that government has announced where freeports will be located in England, we are calling on...

https://theloadstar.com/mps-call-for-assessment-of-economic-impact-and-prospects-of-uk-freeports/

Good news, bad news ‘and even worse news’ from congested Euro ports

The knock-on effects of the blockage of the Suez Canal is likely to impact North Europe supply chains until June.
Container hub ports that used the week-long lull from ship arrival delays to prepare their landside facilities for the box onslaught are now “full to the brim”, according to a carrier source.
Container lines have discharged Asian imports wherever they can to turn ships around in North Europe as quickly as possible …

The post Good news, bad news ‘and even worse news’ from congested...

https://theloadstar.com/good-news-bad-news-and-even-worse-news-from-congested-euro-ports/

‘Passport to Kent’ scrapped as delays fade thanks to ‘prepared’ hauliers

Post-Brexit traffic management measures on roads to Dover have been stood down, with the controversial Kent Access Permit (KAP) the first to go, amid claims of improved trade and minimal disruption.
The Department for Transport (DfT) said the KAP was no longer required and the moveable barrier on the M20 has been removed, as “delays have been prevented thanks to hauliers arriving at the border prepared”.
It added: “Industry compliance with the …

The post ‘Passport to Kent’ scrapped as delays...

https://theloadstar.com/passport-to-kent-scrapped-as-delays-fade-thanks-to-prepared-hauliers/

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 …

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

Rasmus Frandsen is Bertling’s new director of US business development

German project cargo forwarding specialist Bertling Logistics has appointed Rasmus Frandsen (pictured above) as director of business development at its Houston office.
He joined Bertling from Intermarine, where he started his shipping career in 2013 and subsequently worked in a variety functions, including a two-year stint in Malaysia before relocating to Houston in 2016 where he was chartering manager for the past four years.
“Rasmus will boost our commercial activities in North …

The post Rasmu...

https://theloadstar.com/rasmus-frandsen-is-bertlings-new-director-of-us-business-development/

Analysis: ORBCOMM buyout – short odds on a bidding war?

The track and trace of a satellite firm (and why it matters to logistics)?
‘Detour risk’
Well, first off, the de-listing of Internet-of-Things firm ORBCOMM via a buyout may take a detour.
It received a $1.1bn bid, including net debt, on 7 April – the deal was disclosed the following day – from private equity house GI Partners. But so far that’s where the good news for its shareholders may end if the …

The post Analysis: ORBCOMM buyout – short odds on a bidding war? appeared first on The Loadstar.

https://theloadstar.com/analysis-orbcomm-buyout-short-odds-on-a-bidding-war/

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