Continued maritime liquidity will drive the biggest M&A deals this year

Shipping lines’ “cushy liquidity” helped double M&A deal value in the container port sector last year, with more vertical consolidation on the way in 2022.
According to a new report by Ocean Shipping Consultants (OSC), 2021’s supply chain fragility meant “most logistics companies with spot rate services yielded a solid financial performance”.
The bolstered earnings drove vertical capacity acquisition and triggered an “M&A jostle for supply chain dominance between ports and shipping …

The post Con...

https://theloadstar.com/continued-maritime-liquidity-will-drive-the-biggest-ma-deals-this-year/

Port of Long Beach marks best month ever

Executive Director Mario Cordero heralded the news that the Port of Long Beach had its busiest month ever in July as “a bright spot in the midst of the devastating effects of the coronavirus on the economy.”

The port said terminal operators and dockworkers in July moved 753,081 twenty-foot equivalent units, topping a record set in June 2018 of 752,188 TEUs. 

Total volume was up an impressive 21.1% in July compared to the same month in 2019. 

“Supply chain workers at the Port of Long Beach...

https://www.freightwaves.com/news/port-of-long-beach-marks-best-month-ever

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