Updated 2015 11 22
Now it is an exclusive with CMA/CGM.
Source: NEWS FLASH: NOL enters exclusive acquisition talks with CMA CGM | AS Daily Newsletter | AS Daily | American Shipper
More gossip about the takeover of NOL.
Shipper Neptune Orient Lines was trading 6.6% higher at $1.135 a share, outperforming the broader index’s 0.8% gain, following news overnight that CMA CGM SA, the French container transportation and shipping company, is emerging as an early favorite to buy the company.
Source: France’s CMA CGM Tipped as Favorite in Neptune Orient Lines Bid – Supply Chain 24/7
A reasonable assessment of the outlook for ocean shippers. It’s all about supply chains and how you fit into them.
Ports, terminals, and ocean carriers currently comprise a family in severe dysfunction and denial, but can the intervention of shippers restore some badly needed order?
Source: 2015 Ocean Cargo Crisis Calls for Collaboration – Supply Chain 24/7
With that in mind, how can shippers better work with their carriers?
Carlton: They can help at the margins by establishing and maintaining solid long-term relationships with quality carriers. That’s a good solution for both, but it’s not enough to overcome the carriers’ own downward pressure on rates and returns from continued overcapacity.
How important are non-vessel operators (NVOs) in today’s marketplace? Will we see more reliance on these middlemen or less?
Damas: NVOs are increasingly important in an ocean market characterized by ocean carriers generally offering only a basic commoditized service. On some routes, NVOs are incredibly powerful. For small shippers who don’t have in-house freight procurement experts, this is especially true. NVOs are the natural one-stop-shop for a range of services, including consolidation and personalized customer service. For larger shippers, NVOs often serve as forwarders or 3PLs. In my view, the roles of intermediaries will increase – and ocean carriers cannot replace them.
This article shows an innovative approach to the problems of oil production, using solar to heat the recovery water. It saves more energy than all the electric cars in America, and eliminates use of enough natural gas to heat over 200,000 homes.
Correspondent Leslie Mansfield catches up with Ron MacGregor, President and CEO of GlassPoint Solar to talk about the blossoming romance of solar and oil in this PennEnergy Exclusive interview.
Source: PennEnergy Exclusive: Injecting sunshine to produce oil – GlassPoint and PDO shine at ADIPEC 2015 with Miraah Project