Investigaciones de Panjiva — Panjiva


Showing research about Mergers


Port Ownership Shuffle Continues as Singaporean Money Arrives

The U.S. seaport sector continues to be roiled by financial restructuring, with two Singaporean investments made in the past few days. PSA International acquired a series of assets from Macquarie including Penn Terminals. The largest users of that asset include ICL, Seaboard Marine and Crowley... Read more →


ONE’S Terminal Restructuring Overdue But Still Necessary

A disagreement over port asset valuations is holding up the final structuring of Ocean Network Express (ONE), the jointly owned container-line of \K-Line, Mitsui-OSK and NYK Line. The U.S. port assets of the three companies – located in Oakland, Long Beach, Los Angeles, Jacksonville and ... Read more →


DSV Delivers a Panalpina Deal That’s Largely About Scale

Freight forwarder DSV has agreed to acquire Panalpina at an enterprise value of $4.6 billion based on Mar. 29 stock prices. The combined entity will be the ninth largest logistics company globally by revenue behind K+N and Bollore. The deal is driven by size which DSV sees as “one of the... Read more →


Maersk Deepens Consolidation Strategy With Broker Purchase

Vertical consolidation in the logistics industry has continued with container-line Maersk acquiring customs broker Vandegrift as part of its integrated service offering strategy. Vandegrift expanded its volumes handled on U.S.-inbound seaborne routes by 43.3% in 2018 compared to 2017. Potentia... Read more →


Ceva’s Sales Slow, But CMA-CGM Cooperation Flies

Freight forwarder Ceva Logistics has provided preliminary 2018 results that imply revenue growth of just 0.6% year over year in 4Q. That’s the slowest since 3Q 2016 and continues a pattern seen from UPS and CH Robinson. Profitability is expected to be unchanged for 4Q at the EBITDA line ... Read more →


Deals and Trade War Ahead, Stability Behind for Freight Forwarders

The freight forwarders’ 4Q earnings reports, which continue with CH Robinson on Jan. 29, could include the slowest rate of revenue growth – at 6.6% year over year – since 2Q 2016 according to consensus analyst estimates. Profitability is expected to stabilize with an average EBITDA margin of 1... Read more →

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