From MarineLink, August 6:
Maersk bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.
Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart.
It bought Visible Supply Chain Management and B2C Europe, both specialised in e-commerce, for a combined enterprise value of $924 million, Maersk said.
"It won't be long before we have a logistics business with (annual) revenues of $10 billion with these two acquisitions," said Chief Executive Soren Skou.
While container shipping, which accounted for 73% of revenue last year, will continue to be at the centre of the company, land-based services such as shipments from factories, customs services and warehousing will be its growth engine.
Skou said more acquisitions were expected in the coming quarters, adding that it was in particular looking at small to mid-sized companies within air freight, warehousing and distribution in Latin America and Europe....
....MUCH MORE
In a 2013 post "PIMCO Is Getting Into the Managed Futures Business" I included a story that touched on diversifying your investment risks
away from the risks associated with your personal income-generating
activities:
...A couple years ago I mentioned to a friend one guy's approach to dampening the sine wave of risk:
...During the dotcoms I knew a fund sub-adviser who would take his bonus checks and buy equity-indexed-annuities with a 3% annual guarantee, not to annuitize but for the accumulation.
He's probably beaten 90% of active managers over the last decade although I don't know if that would preserve real principal over the next ten years.
His specialty was biotechs and he wanted to reduce the semi-varience of his life....:
Unfortunately the semi-variance link had rotted.
Here is the target the link was supposed to be aiming at.
