The Loadstar



DP World snaps up contract logistics operator syncreon for $1.2bn

DP World today announced it has agreed to acquire US-headquartered contract logistics operator syncreon for $1.2bn.
The deal, which is subject to customary completion conditions and is expected to close before the year-end, will see the Dubai-headquartered terminal operator continue …



Snapshot: Going through changes with Hyundai Merchant Marine

It almost passed unnoticed in our circles, but The Korea Development Bank has (quietly) doubled its stake in the country’s leading container line, Hyundai Merchant Marine (HMM).
That came after the bank had outlined plans to convert SKW300bn ($263.7m) of …



Geodis opens a new warehouse in Morocco

July 1: GEODIS continues to develop its logistics activities in Morocco and today inaugurated a new warehouse located north of Casablanca.  This will serve one of the leaders in household appliances and telephony.
With a well-established presence in Casablanca, GEODIS …