CollectPlus to target small sellers
CollectPlus, the parcel delivery service that uses convenience stores for drop-offs and pick-ups, is targeting individual sellers for its next phase of growth. Neil Ashworth, the new chief executive of…
Eurotunnel seeks watchdog ferry compromise
©Bloomberg Eurotunnel is hoping a compromise will be reached between French and UK regulators over its move into the cross-Channel ferry market. The French competition watchdog last year cleared Eurotunnel’s…
Asset sales help lift DP World profits
©AP Dubai Ports operator DP World reported a 21 per cent increase in 2012 net profit, as it sold assets and benefited from emerging markets growth. The government-controlled container terminal…
Titanic plan grows from yard’s ambition
A bizarre plan to build a working replica of the Titanic came about because of a Chinese shipyard’s quest to enter the European-dominated cruise ship building market, the Australian tycoon…
Fraport eye’s Turkey’s airport hub plan
No other project captures the global scale of Turkey’s ambition quite like its plans for a gigantic new airport on the Black Sea shore of Istanbul. According to two people…
Maersk muted on outlook for Asia trade
AP Møller-Maersk warned of a “bleak” outlook for trade between Asia and Europe and forecast only a modest increase in global demand for container shipping of 4-5 per cent this…
Hanjin upbeat on shipping recovery
Hanjin Shipping, the world’s eighth-largest shipping company by fleet size, expects to turn in a net profit this year after two years of losses as freight rates are likely to…
Eurotunnel ferry entry showdown looms
British and French regulators are lining up for a showdown over Eurotunnel’s attempts to enter the ferry market, after the UK Competition Commission said the channel tunnel operator could drive…
TNT Express: delivery failure
Do jilted brides go on to have happy independent lives? Sometimes – but rarely without a bit of suffering. TNT Express is a case in point. Marriage to UPS has…
CMA CGM finalises debt revamp
CMA CGM, the world’s third-largest container shipping line, said on Tuesday it had completed a complex deal to restructure its $4.6bn debt. The French company, controlled by the Saadé family,…
HSH Nordbank struggles amid shipping woes
HSH Nordbank has had to increase its reliance on state help as it struggles to overcome a prolonged downturn in the shipping markets where it is one of the leading…
‘Complex issues’ remain in port dispute
Employers in the US east coast’s busiest port continue to face “complex issues” in their negotiations with local union representatives despite the settling of a wider contract dispute, the employers’…
Lonrho reveals loss after project delays
Shares in Lonrho , the African food, hotels and distribution conglomerate, fell 22 per cent after it warned it would report a £3m to £5m operating loss for 2012 against…
Virginia law shows US privatisation challenges
A political backlash in the US state of Virginia is threatening to derail privatisation proposals for a major port, highlighting the barriers facing private investments in US infrastructure. A bill…
Cosco shares drop after profit warning
Shares of China Cosco Holdings dropped more than 5 per cent on Monday after China’s largest shipping company warned late on Friday that it faced a “significant loss” in 2012.…