Monday, April 23, 2018

Shipping: French Giant CMA CGM Looking to Expand Logistics Business with Investment in CEVA Logistics

Splash 24/7 headlined their report on last month's Maritime CEO Forum: "...Shipping Anywhere From 30 to 500 Years Behind the Technology Curve". Everyone is looking at logistics as the magic bullet with talk of blockchain being the silver bullet magic bullet. Some links below.

From gCaptain:
CMA CGM, the world’s third largest container shipping company by TEU capacity, will acquire 25% stake in supply chain management company CEVA Logistics as the French shipping giant looks to grow its presence in the logistics sector.

CMA CGM announced Friday that it has committed to subscribe for mandatory convertible securities of CEVA in an estimated amount between 380 and 450 million Swiss francs, or approximately USD $389-$461 million.

Headquartered in Hoofddorp, Netherlands, CEVA Logistics specializes in both freight management and contract logistics. The company employs approximately 56,000 employees and temporary/agency workers in 160 countries. In 2017, the company posted revenues of over US$7 billion....MORE
Previously:
Shipping: Carriers Fear Becoming the "Uber Drivers of the Sea" (but quants to the rescue?)
"Maersk Tankers invests in quantitative hedge fund CargoMetrics"
"10 Startups Making Ocean Container Shipping Easier"
New Orwellian Hedge Fund Watches All The World's Shipping For Billionaires
 
Shipping: Freight Forwarder Flexport: "...Digitizing The Entire International Shipping Process"
Shipping: Every Link In The Global Trade Supply Chain That Blockchain Could (maybe) Transform
"10 Startups Making Ocean Container Shipping Easier"
Norwegian Government to Chip In $17 Million to Develop the First Electric Autonomous Cargo Ship
Shipping: "Value of Autonomy Questioned"
Shipping: "Amazon vs Maersk: The clash of titans shaking the container industry"
"TEU Tokens and Blockchain Could Shape the Future of Container Shipping"
Shipping: Despite $300 Million Revenue Hit From Cyber Attack Maersk Is Upbeat 
Shipping: "The True Implications of the Technology Revolution"
Shipping: Following Maersk,"Now CMA CGM signs with Alibaba for online booking of container space"
Shipping: A Warning To Freight Forwarders, The Good Times Are Over
Shipping: "Amazon Enters Trillion Dollar Ocean Freight Business" (AMZN)
Shipping: Maersk, Alibaba Team Up To Offer Space On Container Ships.