This week I took a deep dive into the financials of K Line, a sizeable shipping company that operates in Japan and Asia, but also boasts some meaningful exposure to the US and European markets. I was impressed by some of the statements I read – less so by certain figures and projections. As it say...

“As volumes drop and new ships are introduced on a weekly basis, it is even more difficult to strike the balance that will see freight rate improvements,” said BIMCO, citing the lack of European demand as a particular “concern”. Looking beyond the Shanghai Containerized Freight Index (SCFI),...

Confirming that the company is preparing its initial public offering, it said it “expects total gross proceeds in the equivalent euro amount of US$500 million from the IPO.” It’s still work in progress but there are more details to report now than at any given time over the last decade. The fo...

Although the SCFI only records average spot freight rates for containers shipped from the world’s largest container port, some lines have criticised it for “adding fuel to the fire” of freight rate volatility. Container lines would prefer an increased focus on the Shanghai Shipping Exchange’...

Radiant is growing by mopping up smaller assets under the leadership of Bohn Crain, its chief executive and founder. A finance man, Mr Crain is showing an appetite for big risks, although it remains unclear whether the reward will be worth the possible pain. And by this I mean that the deal-making i...

The Economic Operator Registration Identification (EORI) is essentially a method for tracking exports and imports within the EU, so any shipments can easily identified by Customs. All businesses within the EU need an EORI number when importing or exporting commercial cargo from or to any country out...

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While there still appears to be a veil of secrecy over the operation, Denis Ilin, executive president of sister airline AirBridgeCargo (ABC), confirmed that the two carriers will be working in partnership. “Cargologicair will present ABC with a significant opportunity to extend our network beyond ...

In fact, there’s every chance UTi will attract interest from suitors after its third-quarter results are announced in early December. We were right with Con-way, predicting a 30% takeover premium back in May, so let’s see how this one plays out. Of course, Denmark’s DSV is in the driving seat ...

This comes in a year of tumultuous executive changes: chief operating officer Jordan Gates and Asia-Pacific director and co-founder James Wang both retired, following on from the retirement of previous chief executive and Expeditors architect Peter Rose last year. So talk of a “management drain”...