Entries by conceptadmin

CMA CGM Signs with E-Commerce Giant Alibaba

CMA CGM Signs with E-Commerce Giant Alibaba CMA CGM has followed Maersk’s lead, signing a memorandum of understanding (MoU) with the world’s largest e-commerce platform Alibaba. The agreement is for container space on its Asia-Mediterranean and Asia-Adriatic services, booked via Alibaba’s OneTouch platform. The service will allow Chinese exporters to bypass freight forwarders, using OneTouch […]

MSC Says in Talks to Buy Stake in Italy’s Ignazio Messina LONDON, Feb 14 (Reuters) – The world’s no. 2 container line Mediterranean Shipping Company (MSC) is in talks to acquire a stake in smaller Italian counterpart Messina, the Swiss-headquartered group said, in another sign of consolidation in the sector. Container lines are battling their […]

Hanjin Shares Dive 30 Percent In Resumed Trading

Hanjin Shares Dive 30 Percent In Resumed Trading   by Hyunjoo Jin (Reuters) Shares in Hanjin Shipping (117930.KS) slumped by the daily limit of 30 percent in resumed trade on Monday as the South Korean shipping firm struggles to contain the fallout of its collapse. The world’s seventh-biggest container shipper made a “Chapter 15” filing […]

Hanjin’s Fall: The Good, The Bad, and The Ugly

Hanjin’s Fall: The Good, The Bad, and The Ugly By Andy Mukherjee and David Fickling (Bloomberg Gadfly) — Depending on whom you ask, South Korea’s largest container-shipping company filing for court receivership has shades of good, traces of bad, and dollops of ugly. The last of the three is the most obvious. During the past […]