Pantos Logistics

ONE, LX Pantos in Boxlinks venture for US domestic intermodal

Liner operator Ocean Network Express (ONE) and South Korean forwarder LX Pantos announced a joint venture, Boxlinks, a new player offering end-to-end U.S. domestic intermodal transportation services. 

The joint venture will manage ONE’s inland-to-coastal domestic transport needs through a Domestic Reposition Program (DRP). 

“By leveraging empty containers for intermodal operations, Boxlinks aims to create new revenue streams while improving operational efficiency,” LX Pantos said in a release....

https://www.freightwaves.com/news/one-lx-pantos-in-boxlinks-venture-for-us-domestic-intermodal

HMM making change at helm

HMM announced Monday that it had tapped Kyung-bae Kim, former chief of Hyundai Glovis, as its next CEO.

The South Korean ocean carrier’s board is expected to approve Kim’s nomination at the shareholders meeting on March 29. 

Kyung-bae Kim

HMM hailed Kim as “a logistics expert who had led the steady growth of Hyundai Glovis while serving as chief executive of the company for about nine years. As a veteran with broad experiences and capabilities at the executive level, he is expected to play a...

https://www.freightwaves.com/news/hmm-making-change-at-helm

Appointment of Hyundai Glovis veteran fuels talk of HMM acquisition

The selection of a former CEO of Hyundai Glovis as HMM’s new CEO has sparked speculation in South Korean media that either Glovis or its parent, Hyundai Motors, could acquire the country’s flagship liner operator.

Kim Kyung-bae, who headed Glovis from 2009 to 2017, was chosen by HMM’s bankers to succeed Bae Jae-hoon, who will not be extending his term when it ends on 26 March. Bae, a previous CEO of Pantos Logistics, headed HMM for three years, during which the liner industry saw record profits...

https://container-news.com/appointment-of-hyundai-glovis-veteran-fuels-talk-of-hmm-acquisition/

New multimodal service connects South Korea with Poland

The Russian intermodal container operator PJSC TransContainer has joined forces with Pantos Logistics and the Polish company PKP LHS, to provide a regular multimodal service linking South Korea with Poland via the Russian Far East and Ukraine.

The three partners offer an end-to-end logistics solution. TransContainer of Delo Group provides its containers along the whole route and arranges railway transportation from the Russian Far East to the border with Poland.

At the same time, the Korean...

https://container-news.com/new-multimodal-service-connects-south-korea-with-poland/

Maersk to double frequency of sea-rail AE19 service for capacity-hit shippers

Maersk is to double the frequency of its AE19 rail-sea service between South Korea and Northern Europe, as shippers and forwarders on the trade continue to struggle to secure ocean and air freight capacity.
The service, operated in cooperation with South Korean freight forwarder Pantos Logistics, will move from monthly to fortnightly and will now include a backhaul leg – so far it has only run westbound.
“Frequent cancellations and congestion in …

The post Maersk to double frequency of sea-rail...

https://theloadstar.com/maersk-to-double-frequency-of-sea-rail-ae19-service-for-capacity-hit-shippers/

M&A radar: 3 targets for DSV Panalpina… why not 30? But only one stands out

For deal-making junkies, the most depressing side of the biggest logistics M&A story in October last year, when DSV was rejected by Ceva Logistics, was the dwindling number of targets left in the marketplace for the Danes.
On a quarterly call with analysts, I distinctively recall management’s defensive attitude at the time. As committed as ever, CEO Jens Bjørn Andersen and CFO Jens Lund were apparently so annoyed with some of …

The post M&A radar: 3 targets for DSV Panalpina… why not 30? But...

https://theloadstar.com/ma-radar-3-targets-for-dsv-panalpina-why-not-30-but-only-one-stands-out/

HMM names Jae-hoon Bae as its new chief executive

Hyundai Merchant Marine today (HMM) announced the appointment of ex-Pantos Logistics head Jae-hoon Bae (pictured above) as its new president and chief executive.
Mr Bae had been selected as the preferred candidate by the South Korean carrier’s recommendation committee, which is led by Korea Development Bank, on 7 March.
“Mr Bae, an expert in logistics who successfully served as chief executive of Pantos Logistics for six years, is favoured because of his …

The post HMM names Jae-hoon Bae as its...

https://theloadstar.com/hmm-names-jae-hoon-bae-as-its-new-chief-executive/