Drewry Supply Chain Advisors News & Resources
COSCO Announces Offer to Buy OOCL for $6.3 Billion
July 9, 2017
China's major shipping operator COSCO Shipping Holdings and Shanghai International Port (Group) Co jointly announced a takeover offer today to all the shareholders of Hong Kong-based Orient Overseas Container Line Co (OOCL).
e-Business Disruptions in Global Freight Forwarding
July 4, 2017
E-business-centred new entrants and new online platforms are starting to convert customers and change how companies buy and transact international shipping services, are freight forwarders at threat of being cast aside, and what are the fundamental changes driven by technology and market conditions?
Consolidation in the Liner Industry
July 4, 2017
Container shipping remains remarkably fragmented, with the top five operators accounting for less than half the global market, and this presents considerable opportunity for further consolidation.
Hanjin Shipping is Officially Bankrupt
February 17, 2017
A South Korean court on Friday pulled the plug on Hanjin Shipping Co., declaring it bankrupt and ordering the liquidation of a company that has led the country’s shipping industry for the past four decades.
Weak Global Freight Rates Sink Maersk Shares
November 2, 2016
A.P. Møller - Mærsk A/S, the world's largest shipping company by capacity, announced a slump in third-quarter profits on Wednesday due to low freight prices which it said were down 16 percent year-on-year.
Japanese Lines Mergers All About Scale and Survival
November 2, 2016
The announcement that three Japanese shipping groups will merge their liner shipping businesses is further evidence of survival M&A sweeping the industry according to global shipping consultancy Drewry.
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