Agility acquires China-based Baisui Logistics

Agility acquires China-based Baisui Logistics

sharon_gill
Tidal Expert Contributor

Sep 29, 2008

Agility has signed an agreement to acquire Baisui United Logistics (Shanghai) Co, a Shanghai-based company that provides a range of domestic logistics services, including intra-city, regional and long-haul transport and warehousing.
With more than fifteen years of experience, Baisui operates from fifteen locations throughout China, including Shanghai, Shenzhen, Tianjin, Wuhan, Nanjing and Chongqing, and manages eight logistics centres with more than 130,000 m2 of warehouse floor space.
Baisui operates its own fleet of trucks, and also works with more than 75 trucking companies on a regular basis.
According to Agility's CEO, Asia-Pacific, Wolfgang Hollermann, the acquisition will strengthen Agility's domestic transportation capabilities in eastern coastal China and inland China along the Yangtze River.This is Agility's second acquisition in China this year. In June, Agility signed a conditional agreement to acquire China-based freight forwarder and NVOCC, Cosa Freight.

NOL submits binding offer for Hapag-Lloyd
Sep 29, 2008
· Sea
· Strategic Issues

NOL has confirmed that it submitted a binding bid on September 26th to acquire the Hapag-Lloyd container shipping business.

NOL points out that any agreement would be subject to acceptance of the bid by Hapag-Lloyd's owner, TUI, as well as regulatory approvals and shareholders' approval.
NOL submitted an indicative non-binding bid to acquire Hapag-Lloyd to TUI in July 2008, and was invited to continue onto the next phase of the bidding process in August.
NOL remains bound by strict confidentiality undertakings; consequently the details of NOL's bid have not been disclosed.
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new BAF & CAF for OCT

BAF - Bunker Adjustment Factor. A fuel surcharge expressed as a percentage added or subtracted from the freight amount, reflecting the movement in the market place price for bunkers.
CAF - Currency Adjustment Factor. A fee applied to the shipping costs to compensate for exchange rate fluctuations.
Europe — Far East
Freight surcharges for container shipping between Europe and the Far East are set by Far Eastern Freight Conference (FEFC).
Date
BAF(Bunker Adjustment Factor)
CAF(Currency Adjustment Factor)
FCL cargoes,per TEU
LCL cargoes,per revenue ton
Value
Oct 2008
766.00 USD
38.30 USD
+17.9%
Sep 2008
766.00 USD
38.30 USD
+17.9%