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. …
It’s our birthday today at Premium – our first birthday, already!
Thank you, thank you, thank you all!
In a nutshell, we have learnt lessons. We have sometimes been right, sometimes been wrong, but as The Loadstar publisher, Alex Lennane, put it to me today:
“Premium has gone from strength to strength in its first year. While not always liking what they read, the major logistics companies recognise that its unique blend of …
The post Happy birthday radar: Premium – It’s only just begun… appeared...
https://theloadstar.com/happy-birthday-radar-premium-its-only-just-begun/
“There is not a crime, there is not a dodge, there is not a trick, there is not a swindle, there is not a vice which does not live by secrecy.” ― Joseph Pulitzer.
It is the worst-kept secret in logistics. Nobody understands what exactly is going on and why the stock keeps rising to record highs –...
https://theloadstar.com/ma-radar-hapag-lloyd-somethings-brewing-in-hamburgs-secret-rooms/
It’s unsurprising that in today’s remarks contained in the debut interims of DSV Panalpina, chief executive Jens Bjørn Andersen noted that “the closing of the Panalpina transaction on 19 August was the all-important event in Q3″.
In fairness, that was the only unsurprising bit.
Details
The narrative has changed somewhat from the second quarter, when the benchmark deal had just closed, and it couldn’t be any different after the sealing of the most expensive, sizeable …
The post Analysis: DSV...
After I posted “DSV + Panalpina – here comes the love…” about a week before the $5.4bn benchmark DSV PAN deal settled, I got a short note almost immediately from senior trade market sources:
“I think the whole world’s addicted to the drama only attracted to things that’ll bring you trauma (…) the...
https://theloadstar.com/ma-radar-dsv-panalpina-where-is-the-love/
This Indian summer has brought about a slew of hot rumours and serious – and some less serious – market talk regarding deal-making that I thought it would be worth sharing in a preliminary attempt aimed at predicting what could be next in our beloved, sometimes overly cautious, industry.
What’s known
Drawing from several conversations about CMA CGM/Ceva Logistics in the past few weeks, I have concluded that we are soon going …
The post M&A radar: Partial sale of Ceva the only certainty as deal...
https://theloadstar.com/ma-radar-partial-sale-of-ceva-the-only-certainty-as-deal-smoke-thickens/
It’s officially DSV against DSV in the integration of Panalpina. Acting at the speed of light, the Danes are fighting against time to deliver value to their shareholders and I’m sorry for the bears, but their commitment and modus operandi have been outstanding in just under 60 days since the deal settled.
Now, according to sources, even in places such as Canada where staff overlaps were not expected to be meaningful …
The post M&A radar: DSV Panalpina – the ‘brain drain’ spreads to Toronto, with...
DSV Panalpina is the gift that keeps giving to the media – sadly, the same cannot be argued for the workforce of the acquired company in this $5.4bn takeover.
While some in the press recently highlighted that a major sell-side house had expressed doubts about the speed at which synergies would be realised, others locally reported soon after that over half around 300 staff at the PAN headquarters in Basel would go.
The …
The post M&A radar: DSV Panalpina – here’s the latest from Miami… appeared...
https://theloadstar.com/ma-radar-dsv-panalpina-heres-the-latest-from-miami/
“It’s not a complicated equation to figure out whether it is beneficial or not to repurchase shares.” – Warren Buffett.
It’s easy to argue that we are currently witnessing only the first bland steps of the integration of Panalpina by DSV. That means that if I am right, in half a year or so all...
https://theloadstar.com/ma-radar-a-buyback-lesson-from-warren-buffett-to-dsv-panalpina/
On Friday last week, DSV internally announced one bit of news in APAC that, if we were ever to run a video series on the matter, would probably take less than five seconds to paint the picture of what the Danes are trying to achieve.
In my private conversations, I labelled DSV Panalpina’s latest “appointment of management of regional functions in air & sea division, Asia Pacific” (it has not been …
The post M&A radar: DSV Panalpina – here is the ‘management structure of regional functions’ in...