Maersk Line faces stiff competition in its bid to acquire DB Schenker as the carrier appoints investment bankers to advise on an offer for one of the forwarding giants, in a deal that the Danish carrier says could alter the logistics landscape.
![Evergreen containers on a vessel]( "Evergreen containers on a vessel")
Concerns over the availability of equipment in Asia and the limitations on the backhaul trades on the three major east -west routes have not materialised as expected with rates softening on both the headhaul and return legs.
Three months of the Red Sea crisis, US cyber fears over Chinese made port cranes, and the Magna Carta of the seafaring kind and much more in the latest Maritime in Minutes.
Maersk could look at a potential acquisition of DB Schenker with greater synergies from such a deal than it believed would be...
Danish shipping company Maersk slumped to a fourth quarter loss and forecasts at best to breakeven in 2024.
There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a...
Global logistics service provider DB Schenker has appointed Vishal Sharma as the new CEO for Asia Pacific Region.
Maersk has officially launched commercial operation of multi-country consolidation centre (MCC) in Shanghai Lingang free trade zone.
Khalifa Economic Zones Abu Dhabi (KEZAD) has announced a AED621m ($169m) investment in over 250,000 sq m of additional warehousing capacity.
