All MSC articles
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News
Bloomberg: Private equity and shipping giants circle DB Schenker
German forwarding and logistics company DB Schenker has attracted bids from shipping and logistics giants as well as a private equity consortium.According to a report in Bloomberg, a consortium led by CVC Capital Partners and Carlyle Group has submitted a bid worth around €14bn.Meanwhile, DSV, AP Moller Maersk and Mediterranean ...
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MSC moves forward with Clasquin deal
Swiss shipping firm MSC has moved forward with its deal to acquire international air and sea freight forwarder Clasquin.MSC subsidiary SAS Shipping Agencies Services Sàrl has entered into a put option agreement for the acquisition of 42.06% of the share capital of Lyon, France-based Clasquin, said a press release issued ...
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NewsMSC Air Cargo benefits from for Descartes’ Air Messaging Solution
Source: MSCSoftware-as-a-service provider to the logistics industry Descartes Systems Group is providing its Descartes Air Messaging™ to MSC Air Cargo, the cargo airline operated by container shipping line MSC Mediterranean Shipping Company (MSC).Geneva, Switzerland MSC uses the technology the solution to better manage its air freight shipments, Descartes Air Messaging ...
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Red Sea conflict sees air cargo demand rise
Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics.The international transport and logistics company said that the "volatile" situation, which has resulted in higher rates, increased transit times and supply chain delays, will squeeze airfreight capacity."The increased ocean ...
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Panama and Suez Canal double crisis threatens global supply chains
Persisting Suez Canal and Panama Canal-related supply chain delays and increased rates may see shippers and forwarders opting for air cargo.Shipping operations are currently being compromised by the need to avoid the Suez Canal due to the risk of attacks in the Red Sea, and restrictions on the Panama Canal ...
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MSC acquires majority stake in AlisCargo Airlines
Mediterranean Shipping Company (MSC) has acquired a majority stake in Milan-based airfreight carrier AlisCargo Airlines.The acquisition follows MSC's confirmation last month that it was in talks with the cargo airline, as it continues to develop its air cargo operations.This deal initiates a 100% takeover set to take place at the ...
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MSC Air Cargo to acquire Italy's AlisCargo?
Mediterranean Shipping Company (MSC) is reportedly in talks to acquire Italian cargo airline AlisCargo to grow its MSC Air Cargo airline business.A due diligence process is currently taking place between the two companies, according to Italian newspaper Corriere Della Sera, which said it has sources with knowledge on the matter.Air ...
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Bolloré Africa Logistics rebrands following takeover
Bolloré Africa Logistics has been rebranded as Africa Global Logistics (AGL) following its acquisition by container shipping giant MSC.The acquisition was completed at the end of 2022 and included all the Bolloré Group's shipping, logistics and terminal operations on the continent.At the time the deal was announced, Bolloré Africa Logistics ...
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MSC's acquisition of Bolloré Africa Logistics is complete
MSC Group's subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics.The sale, agreed in May, comprises all of the Bolloré Group transport and logistics activities in Africa, on the basis of a €5.7bn enterprise value, net of minority interests.The sale price of the shares is €5.1bn. ...
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MSC drops out of bid with Lufthansa for ITA Airways
Lufthansa now faces a decision on whether to continue its play for ITA Airways after Mediterranean Shipping Co. (MSC) declared it was no longer interested in the privatisation project.Switzerland-headquartered shipping firm MSC submitted a joint bid with German airline Lufthansa in May for a stake in Italian airline ITA Airways, ...
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MSC continues to grow air cargo team
Mediterranean Shipping Company (MSC) is continuing to grow its new air cargo business by appointing a head of cargo operations, compliance and governance air cargo.Anders Matikka has joined MSC in the post shortly after Jannie Davel was named senior vice president air cargo, responsible for developing the newly launched MSC ...
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NewsMSC builds team for new air cargo airline
Source: MSCMediterranean Shipping Company (MSC) is building up its newly announced air cargo airline with a robust leadership team.This includes the appointment of Jannie Davel as senior vice president.Davel, formerly of Delta Cargo, Emirates SkyCargo and DHL will develop its air cargo business and to build the team that will ...
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Lufthansa Group and MSC make joint bid for ITA Airways
German airline Lufthansa has submitted a joint bid with Switzerland-headquartered shipping firm Mediterranean Shipping Co. (MSC) for a stake in Italian airline ITA Airways, according to media reports.Air Cargo News first reported that the MSC Group aimed to work with Lufthansa to acquire a majority stake in ITA in January.In ...
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Bolloré agrees €5.7bn deal to sell African logistics business
The Bolloré Group has agreed to sell its African logistics business to container shipping giant MSC in a deal with an enterprise value of €5.7bn.The two companies entered discussions over the sale in December and, following the favourable opinions issued by each of the employee representative bodies, the two companies ...
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Bolloré in talks to sell Africa logistics business
The Bolloré Group is holding talks with container shipping giant MSC over the sale of its African logistics division.The French company said that it had received an offer from MSC to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on ...