Panalpina and Agility hold merger talks

Swiss-based forwarding giant Panalpina was reported in February to be in talks over a possible merger with Kuwait’s Agility. It appeared to be a move

by major Panalpina shareholder Ernst Goehner Foundation to rebuff an earlier $4 billion offer for the company by DSV. Under

the plan, the

Foundation would retain a shareholding in the merged entity.

Panalpina said that the

talks with Agility were at a preliminary stage and that it was still reviewing DSV’s offer. DSV later announced a new

offer of 180 Swiss francs per Panalpina share. On 18 February, Agility

announced that a 2018 net profit of KD 81.1 million, up 18.4% from 2017.

Issue 2 2019 - Freight Business Journal

CMA CGM makes ‘friendly’ bid for Ceva

CMA CGM has made a public tender bid of CHF (Swiss francs) 30 per share for logistics and forwarding company Ceva, saying that the Ceva board “is fully aligned with this friendly offer”. It later said, in its annual results, that it expected to fully settle the offer

by around 17 April. The shipping line’s chairman

and chief executive, Rodolphe Saadé, said the move would allow CMA CGM to develop “a logistics offering to complement our maritime activity” and offer “a full ‘end-to-end’ service to our


customers.” Once the takeover is complete, CMA CGM will become a 100,000-employee strong group, generating over US$30 billion in revenue, he added. CMA CGM’s existing logistics

activity, which employs 1,200 people and has a turnover of $650 million, will be integrated into CEVA to increase the forwarder’s ocean freight footprint and give economies of scale.

You need it. We move it.

Port operating and shipping company DP World has bought back the holding company of P&O Ferries and P&O Ferrymasters for £322m, a decade after selling it to state holding company Dubai World. DP World originally acquired

P&O Ferries in 2006 as part of the sell-off and break of the P&O containers, cruise and ferries business but at the height of the global financial crisis sold it to Dubai World, which is also a major shareholder in DP World.

vanguard for CDS

Freight forwarder Velta International and its duty management soſtware provider, DataFreight said in early March that they had successfully completed one of the first customs declarations utilising HMRC’s new Customs Declaration Service (CDS). However, live functionality

for CDS is currently limited to supplementary declarations submitted directly to HMRC for goods entering free circulation, either directly or from customs warehousing.

manager Les

Nevertheless Velta general Hall commented:

“We have processed a number of entries since the initial declaration with no issues.” Being chosen as one of the first firms to implement the new system was a testament to Velta’s customs team, he added. DataFreight managing director,

Ian Brown, said: “We have been working tirelessly to produce a

CDS-compliant CDS will follow

a phased implementation programme. Import declarations will be next to be processed using CDS, with exports following at a later date. Originally CDS was due to be

rolled out from August 2018, but this was postponed due to a delay in the deployment of trade testing facilities that were due to have been made available at the end of July 2018.

system that

could be deployed in the CDS live environment. Velta’s successful migration to CDS means that DataFreight is currently one of only two soſtware houses to have implemented CDS live.” While there has been

improvement in availability of the CDS Test Service from early 2019, Brown added: “With HMRC’s limited resources to undertake soſtware development in such a short time, the impact will be to further delay CDS development, testing and implementation.”

Reach out for business opportunities and pave the way for growth and expan- sion. Into new markets, regions, business segments and even countries and con- tinents – all are accessible through innovative transport products and intelligent logistic solutions. In more than 75 countries across the globe, DSV is ready to assist your company in building relationships and living up to your customers’ expectations. Learn how at or just call us +44 1708 892108

Velta in the

Global Transport and Logistics

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