China International Marine Containers (CIMC) has acquired AP Møller-Maersk’s box manufacturing unit, Maersk Container Industry (MCI) for $1.08bn, including net debt.
The deal confirms CIMC as the world’s largest container producer.
The takeover, which includes MCI’s reefer factory in Qingdao, …

Ocean freight chaos and strong peak season demand has created a region-wide capacity crunch and “rapid” rate rises for Asia Pacific air cargo.
According to the Association of Asia Pacific Airlines (AAPA), there was a 26% year-on-year increase in air …

Hapag-Lloyd has confirmed it has taken a 30% stake in Germany’s JadeWeserPort at Wilhelmshaven and a 50% share in the port’s rail terminal.
German-based terminal operator Eurogate won the concession to operate JadeWeserPort in 2006, in partnership with Maersk’s APM …

XPO Logistics has appointed Christine Robinne to head its technology and digital strategy in Europe.
Ms Robinne joins from Heineken, where she spent more than five years, most recently as transformation and technology director for Europe. She has also held …

(In March, we wrote: “Mærsk MCI sale rumours – can’t stand the heat, get in the freezer“)
PRESS RELEASE
AP Møller-Mærsk to divest its container manufacturer to CIMC
China International Marine Containers Ltd., a global leader in logistics and energy …

Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions.
By Friday, at least 10 publicly listed companies told the Shanghai and Shenzhen stock exchanges their …

Maersk says it expects to see “early signs of a pre-Chinese New Year rush in December”, and is advising customers to plan their supply chains “well ahead”.
It also notes that inventory levels in Europe and the US are at …