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‘Success story’ Gefco formally applies to launch IPO next year

French logistics giant Gefco has applied to the Paris Euronext stock exchange to launch an initial public offering (IPO) next year.
The group, currently 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), this morning delivered its Document de Base to France’s financial authority (AMF) for approval for the IPO.
It said that Russian Railways was looking to reduce its stake to below 50%, while Peugeot was likely to own …

The post ‘Success story’ Gefco formally applies to launch...

https://theloadstar.co.uk/success-story-gefco-formally-applies-to-launch-ipo-next-year/

Maersk switches shortsea service to Europe from Immingham to Hull

Maersk is relocating its Immingham-Europe service to Hull Container Terminal, following shipper concerns over accessibility.
The 800-teu weekly sailing, operated by BG Freight, will move on 12 January, arriving at and departing from Hull on Saturdays, reaching Rotterdam midweek.
A spokesperson for Maersk told The Loadstar: “Customers had been contacting us about using Hull instead of Immingham as apparently it is easier to gain access.
“In some cases, they were saying, issues with connectivity …

https://theloadstar.co.uk/maersk-switches-shortsea-service-to-europe-from-immingham-to-hull/

Try the Loadstar Festive Quiz 2018 – trickier than padding an Amazon box

It’s that time of year again. No, not Christmas. We are talking about the annual Loadstar Festive Quiz. Covering all modes, and some verticals, this is sure to while away those long winter hours. Who wants to be surrounded by family, gorging themselves and ripping the wrapping from the 100s of on-time deliveries Jeff Bezos has sent, when they can be competing against the best of the industry? Not us, …

The post Try the Loadstar Festive Quiz 2018 – trickier than padding an Amazon box appeared...

https://theloadstar.co.uk/try-the-loadstar-festive-quiz-2018-less-padding-than-in-an-amazon-box/

‘Operation Brock’ plans to keep freight moving at Dover if there is no Brexit deal

Planning is underway to tackle expected chaos on UK highways in the event of a no-deal Brexit, with roads leading to the Port of Dover in Kent expected to bear the brunt of it.
Deputy chief executive of the Freight Transport Association (FTA) James Hookham said he expects the backlogs from shipments coming through Calais to face extreme delays.
“From what I am hearing, in the event of no deal, French customs …

The post ‘Operation Brock’ plans to keep freight moving at Dover if there is no Brexit...

https://theloadstar.co.uk/operation-brock-plans-to-keep-freight-moving-at-dover-if-there-is-no-brexit-deal/

CEVA executives who lost investments take new complaint against Apollo to court

CEVA management who claimed they were forced by private equity shareholder Apollo Global Management to put “skin in the game” – investments that were later rendered worthless – have amended their complaint in a Florida court.
The filing noted that during the original negotiations those executives who had been holders of TNT equity were “collectively required to contribute 9% of initial capital contributions (€15m)” to CIL, a Ceva investment company.
The filing …

The post CEVA executives who lost...

https://theloadstar.co.uk/ceva-executives-who-lost-investments-take-new-complaint-against-apollo-to-court/

Supply chain radar: What price will the Long Beach Terminal sale really fetch?

I have wondered how to value certain “strategic” infrastructure assets in the shipping world ever since we reported last year that COSCO appeased US security concerns over its acquisition of OOIL and its container arm OOCL by agreeing to concede ownership of the OOCL-operated Long Beach Container Terminal (LBCT) to a US trust pending its sale to a third party.
That sale now is expected to complete by mid-2019, so it seems …

The post Supply chain radar: What price will the Long Beach Terminal...

https://theloadstar.co.uk/supply-chain-radar-running-numbers-long-beach-terminal-sale/

Dubai’s DP World seeks to quash India antitrust probe over Mumbai port

The Competition Commission of India has confirmed that it is investigating a complaint about anti-competitive practices in India filed by Singapore’s port operator PSA, which operate the fourth container terminal at the country’s flagship box gateway of Jawaharlal Nehru port. PSA had claimed the port’s private operators – DP World and APM Terminals – had prevented the PSA unit from collecting export containers arriving by train at the port for …

The post Dubai’s DP World seeks to quash India...

https://theloadstar.co.uk/dubais-dp-world-seeks-to-quash-india-antitrust-probe-over-mumbai-port/

DP World aims for 30% in cut ULCV handling times with new terminal concept

Port operator DP World is set to develop an innovative new container storage system at its under-construction fourth container terminal in Dubai.
It has come together with German industrial solutions developer SMS Group, whose AMOVA subsidiary has designed the racking-based High Bay Storage System, which has also gained traction in the air cargo industry.
The two companies claimed the new design would offer terminals some 200% more capacity in comparison to existing …

The post DP World aims for...

https://theloadstar.co.uk/dp-world-aims-for-30-in-cut-ulcv-handling-times-with-new-terminal-concept/

Why logistics will be key to any US conflict with Russia and China

While commercial supply chains are normally our focus at The Loadstar, there are sometime logistical issues in other theatres that are so interesting as to warrant notice. This article by US geopolitical analyst Stratfor is a case in point, depicting the considerable supply chain challenges the US military would have were it to find itself waging war against a resurgent Russia or increasingly confident China: “The US benefits greatly from …

The post Why logistics will be key to any US conflict...

https://theloadstar.co.uk/why-logistics-will-be-key-to-any-us-conflict-with-russia-and-china/

Vincent Touya takes over US operations for Dachser

German 3PL Dachser has named company veteran Vincent Touya (pictured above) as managing director of its US operations.
Based in Atlanta, he will begin his new role on 1 February, succeeding Frank Guenzerodt.
He had been with Dachser for 14 years and was in charge of transforming Dachser US “from a small country organisation into a key pillar of Dachser’s global network”, said the company.
Guido Gries, managing director of Dachser’s Air and Sea …

The post Vincent Touya takes over US operations...

https://theloadstar.co.uk/vincent-touya-takes-us-operations-dachser/

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