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CMA CGM leading the field to buy NOL, but only if the price is right

by CanadianSailings | Dec 3, 2015 | Business and Economy, Ocean, Ocean Carriers, Other

By Mike Wackett There are “significant obstacles” to the sale of Singapore-based Neptune Orient Lines (NOL), despite interest from Maersk Group and CMA CGM, according to Alphaliner.After weeks of speculation, NOL finally confirmed “preliminary discussions” with the...

Air Canada Cargo is tracking shipments in real time, per piece

by CanadianSailings | Dec 3, 2015 | Air, Business and Economy, Other

By Ian Putzger Air Canada Cargo, already one of the most technologically advanced carriers, has taken shipment visibility to a new level by employing RFID technology. This allows the airline to track shipments in real time – at piece level.“Piece level is unique to...

Low rates continue to spook investors as Hapag-Lloyd profits take a dip in Q3

by CanadianSailings | Dec 3, 2015 | Business and Economy, Ocean, Ocean Carriers, Other

By Gavin van Marle Sub-economic freight rates were again blamed as Hapag-Lloyd saw a large dip in profits in the third quarter. The carrier reported a $3.3 million net profit in Q3 as the financial synergies from its merger with CSAV propelled it to a $175.6 million...

DP-DHL third-quarter performance hit by cost of failed IT project and falling volumes

by CanadianSailings | Dec 3, 2015 | Business and Economy, Other, Supply Chain and Logistics

By Gavin van Marle Deutsche Post-DHL said yesterday its under-pressure freight forwarding unit, DHL Global Forwarding (DGF), had begun its turnaround – despite reduced air and sea freight volumes in the third quarter. Reporting its Q3 financials in Bonn, DP-DHL group...

EDC: South Africa – competitive as ever

by CanadianSailings | Dec 3, 2015 | Business and Economy, Other

By Peter G Hall, Vice President and Chief Economist Times are tough for resource-rich economies. Plunging global prices for oil, gas and other minerals are wreaking havoc with profit margins, trade balances and future investment plans. Canada knows this all too well –...
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