LF Logistics

Maersk adds LF Logistics to supply chain portfolio

A worker moves boxes on a handcart after unloading from a white LF Logistics van.

Ocean shipping goliath A.P. Moller – Maersk announced Wednesday it has finalized the acquisition of LF Logistics, a Hong Kong-based contract logistics company, specializing in omnichannel fulfillment services, e-commerce and inland distribution in the Asia-Pacific region, for an enterprise value of $3.6 billion.

LF Logistics operates an extensive Asian network with 10,000 people, 223 warehouses and fulfillment centers in 14 countries totalling 29 million square feet. It is majority owned by Li &...

https://www.freightwaves.com/news/maersk-adds-lf-logistics-to-supply-chain-portfolio

Maersk to buy Hong Kong-based LF Logistics for $3.6B

A Maersk shipping container is lowered on dock by a crane.

A.P. Moller – Maersk announced Wednesday it has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, specializing in omnichannel fulfillment services, e-commerce, and inland distribution in the Asia-Pacific region, for an enterprise value of $3.6 billion.

LF Logistics operates an extensive pan-Asian network with 10,000 people, and 223 warehouses and fulfillment centers in 14 countries totalling 29 million square feet. It is privately owned by Li & Fung...

https://www.freightwaves.com/news/maersk-to-buy-hong-kong-based-lf-logistics-for-36b

M&A radar: Mærsk spree… LF Logistics $3.6bn buy – ‘boisterous insanity’?

On Monday, quickly sifting through the 99,999-plus-unread-emails in my inbox (screen grab below) I thought: the M&A binge outside logistics looks so good and widespread, anyway, that something must be fundamentally broken but we’ll soon have our ‘glory days’ in supply chain.

Ohhh, if grandma was still around.
Then
Tuesday came with the MSC/BAL asset-based €5.7bn announcement and today we were incredibly pleased to find out, given the M&A news flow, that …

The post M&A radar: Mærsk spree… LF...

https://theloadstar.com/ma-radar-maersk-spree-lf-logistics-3-6bn-buy-boisterous-insanity/

Maersk buys Hong Kong-based contract logistics firm

A.P. Moller – Maersk has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company with capabilities within omnichannel fulfillment services, e-commerce, and inland transport in the Asia-Pacific region.

The value of the transaction is US$3.6 billion, while the acquisition is still subject to regulatory approvals, and is expected to close in the next year. The two companies remain two separate units and thus will do their business as usual, until the completion of...

https://container-news.com/maersk-buys-hong-kong-based-contract-logistics-firm/

Singapore port congestion pushing up waiting time, cargo rollovers and rates

Major delays have now hit the port of Singapore, with congestion causing vessel turnaround times to more than double and week-long cargo rollovers.
Peter Sundara, VP global ocean product at LF Logistics, told The Loadstar: “There’s a lot of vessel bunching, which is causing delays, and we see feeders coming in from South-east Asia missing connections with mainline vessels.
“In turn, the mainline vessels coming in are overbooked, therefore transhipment containers are missing …

The post Singapore...

https://theloadstar.com/singapore-port-congestion-pushing-up-waiting-time-cargo-rollovers-and-rates/

Container shortage crisis spreads to intra-Asia trades, driving prices higher

What a major shipping line called the “black swan” container shortage has hit intra-Asia trades as carriers prioritise transpacific profits.
With some 30m teu carried each year, the intra-Asia tradelane is the largest in the world, comprising around 100 port pairs.
Costs have traditionally been kept in check, there’s been less carrier consolidation than on deepsea trades, with major regional players competing for cargo.
However, these previously low-cost shipping routes are now seeing …

The post

https://theloadstar.com/container-shortage-crisis-spreads-to-intra-asia-trades-driving-prices-higher/