Supply Chain Research

Nike Just Does It With Kicks Cut as Import Slide Slows

June 15, 2017

Sportswear maker Nike will cut a quarter of its shoe styles in attempt to offset a loss of market share in North America. That follows a disappointing outlook statement at the firm’s earnings report in March. The company is still struggling. Its U.S. imports fell 5% on a year earlier in the qu... Read more →

Panalpina Expectations May Disappoint Street, But Follows Tough Year So Far

June 13, 2017

Panalpina CEO Stefan Karlen has flagged “lower results for the first half of the year”, which compares to analysts’ forecasts of a 16% growth rate. He cites market challenges despite expanding volumes. This wouldn’t be the first disappointment vs. the market – first quarter revenues were 5% lo... Read more →

Maersk’s TradeFin Offer Based on Lower Debt Than Hapag-Lloyd, CMA-CGM

June 8, 2017

Maersk Line will expand its trade finance product from a pilot trial including India to a U.S. rollout. While broadening its product offering vs. its competitors, it does take it into competition with the banks. Maersk’s debt ratios are lower, and hence its ability to offer financial products ... Read more →

Sunny 2017 Seen for Shipping as 1Q Revenues Climb 6%

May 31, 2017

Tanker operator Frontline wrapped up the shipping industry’s first quarter revenue reports with a 22% drop on a year earlier. That was 3% lower than analyst expectations, likely due to spot rates that were 9% below guidance. The tanker industry overall saw revenues increase by 1% – the first r... Read more →

Hapag-Lloyd Pays 2.1x Sales for UASC, Maersk Paid 0.7x for HamSu

May 25, 2017

Hapag-Lloyd has completed its all-share acquisition of United Arab Shipping, following a process that was launched in July 2016. It is the first of three major deals to be completed this year – the others being the 3J merger of three Japanese shippers and Maersk’s purchase of Hamburg Sud. The ... Read more →

CMA-CGM Falls Behind Containerlines as Industry Expands 6% in 1Q

May 22, 2017

CMA-CGM has rounded out the containerlines’ first quarter results with a 36% rise in revenues on a year earlier. However, the growth included the benefit from last year’s acquisition of Neptune Orient. Without it, revenues actually fell 2%. It therefore underperformed the industry more broadly... Read more →

Teekay Okay On Long Haul, Recovery Will Be A Long Haul

May 18, 2017

Tanker operator Teekay reported a 15% drop in first quarter revenues on a year earlier. That was the second worst performance among the tanker operators after Euronav. Yet, it was 6% better than analysts had expected. That was due to increased long-haul U.S.-to-Asia shipping and better offshor... Read more →

COSCO Capital Needs May Be Behind Cryptic Comment

May 17, 2017

Trading in COSCO Shipping shares have been suspended ahead of a major announcement. That may focus on an investment fund to be run by its Development subsidiary to invest in a range of projects from ship financing to “bad asset” investments. The move follows the securing of 180 billion yuan ($... Read more →

Hyundai MM Doing Better, But Still a Long Financial Road Ahead

May 17, 2017

Hyundai Merchant Marine increased its first quarter revenues by 7% on a year earlier. A 15% jump in the containerized business offset a drop in bulk operations. There may be more growth to come from the container business. Average rates fell 2% in the first quarter on the fourth vs. market rat... Read more →

Wan Hai Struggles to Make Progress as Containerlines Sail On

May 12, 2017

The Taiwanese containerlines reported first quarter revenues that increased 12% on average on a year earlier, but had significant differences individually. Evergreen reported an 18% jump, lagging only COSCO’s acquisition-driven gain. Wan Hai meanwhile saw a 1% drop, possibly due to a weak perf... Read more →

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