Hayfin Capital Management LLP's management teams up with Arctos to take over the company. ”This is an exciting new chapter that will support Hayfin’s ongoing growth while preserving our core identity and operational autonomy,” says Hayfin chief executive Tim Flynn in a statement about the deal, in which management acquires majority stake from BCI. Hayfin's shipping investments are headed by Andreas Povlsen. #shipfinance #shipping
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Two high-ranking people from Eagle Bulk Shipping Inc.'s finance department are laetst to leave the US-based carrier after Star Bulk merger. Elie Cohen and Evan Gyunn join McAllister Towing and Dorian LPG, respectively, Eagle Bulk's former CFO confirms to ShippingWatch. More than one in ten employees have departed from Eagle Bulk after the merger with Star Bulk Carriers. #shipping #drybulk
More high-ranking Eagle Bulk employes find new jobs
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TAILWIND Shipping Lines, owned by Lidl, brings in a new VP from Höegh Autoliners. Nico Peters joins the German carrier in a position as vice president of customer management starting August 1. #container #shipping #logistics
Lidl's container shipping company finds new VP at Höegh Autoliners
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A.P. Moller - Maersk has reached a settlement with the US government following the dismissal of whistleblower in 2020. The liner company's US subsidiary Maersk Line, Limited fired an employee after he raised security concerns with US authorities. “No employer may violate whistleblower regulations or create policies that require employees to notify their employer before they report concerns to federal regulatory agencies,” writes the U.S. Department of Labor in a statement following the dism. #shipping #containershipping #oceanfreight #freight #logistics
Maersk settles case about fired whistleblower
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CMA CGM's result has dropped by 45% to a profit of USD 661m in the second quarter. The French liner company explains that, in addition to a decline in operations, the lower net profit is due to the investments in three major projects, one of which is a fund under the state-owned bank Bpifrance. The recent acquisition of Bolloré Logistics gave a significant boost to earnings at subsidiary CEVA Logistics. #shipping #containershipping #oceanfreight #freight
CMA CGM benefits from acquisition while ocean freight lags behind
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DB Schenker is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned transport group. The group also confirmed that the sale of the coveted freight forwarder is proceeding as planned. Final bids are due in August according to Bernstein Bank GmbH. #shipping #containershipping #oceanfreight #freight #logistics
DB Schenker says sale is proceeding as owner report major loss
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DSV - Global Transport and Logistics has unveiled a new efficiency programme, which is expected to improve operating income by DKK 750m (USD 108.9m) when it is fully phased in by 2025. A small number of employees are at risk of losing their jobs as a result of the plan, says the logistics company’s CFO Michael Ebbe. #shipping #containershipping #oceanfreigt #freight #logistics
DSV is on the hunt for efficiencies: "We believe this is due dilligence"
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Shippers in Europe and the US started peak season early this year. There are indications that the strong demand will continue, though it may have peaked, says Jens Lund, CEO of DSV - Global Transport and Logistics. The freight forwarder reported strong results for the second quarter on Wednesday. #shipping #containershipping #oceanfreight #freight #logistics
DSV believes strong demand has legs though it may have peaked
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A.P. Moller - Maersk states that there is still a fire on board the vessel Maersk Frankurt, refuting reports from India's coast guard to the contrary. "There is still fire on board the ship, so according to our information, what the Indian Coast Guard writes on X is not correct,” Maersk tells ShippingWatch. #shipping #containershipping #oceanfreight #freight
Maersk denies that fire on container ship has been extinguished
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CMA CGM is reportedly set to own a stake in a new container terminal in Hamburg. According to Alphaliner, the French container line and the German logistics group EUROGATE Group have agreed to join forces to develop a new terminal in the German port. The world's largest liner company, MSC Mediterranean Shipping Company, recently became co-owner of HHLA Hamburger Hafen und Logistik AG. #shipping #containershipping #oceanfreight #freight #logistics
CMA CGM may be moving into new container terminal in Hamburg
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