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OceanX: Seoul beckons; Zim's $183/unit (outperformance); trade wars back on

Reached South Korea finally on Thursday last week after a quick stop in Shanghai to catch up with a colleague and have some local dumplings. Great to be back. My last trip out here was in Jan 2023, when the remnants of the pandemic were still present. Nice to see Seoul fully back... being able to look into people's beautiful faces instead of facing masks everywhere (the country is a main exporter of beauty products for a reason!).

EXCLUSIVE: Top Clasquin exec pushed the MSC way

Missed the vertical consolidation's musical chairs with a bit of Italo-French drama, didn't you? Oh, dear Yeah! Here's where Premium left you earlier this summer, the previous episodes of the MSC-Clasquin-Ceva-CMA CGM saga follow: - 'Twists and turns at Clasquin & Ceva' (10 July) - 'The MSC-Bolloré-Clasquin tightrope in forwarding' (9 July) - 'Rodolphe Saadé: We'll offer even more integrated solutions' (2 July) And now after the summer break, comes another executive-related, big hit exit as MSC cleans the house of unwanted assets, while talk of deal-making ...

Kuehne+Nagel's Klaus-Michael Kühne passes away

Kuehne+Nagel (K+N) honorary chairman and majority shareholder Klaus-Michael Kühne has passed away aged 89. Switzerland-headquartered freight forwarder K+N said that Kühne had been involved in the business for nearly 70 years and throughout his career had "played a pioneering role in shaping global trade and made a lasting contribution to modern logistics and the development of today's global supply chains". He joined the family business in 1958 and became chairman of the management board of K+N Speditions-Aktiengesellschaft in 1966. From 1975, he served as chief executive of K+N International AG and from 1992 to 2011 as chairman of its board of directors. Since 2011, he held the position of honorary chairman of the board of directors. "With the passing of Klaus-Michael, we have lost a visionary, a great entrepreneur and an extraordinary personality," stated Joerg Wolle, chairman of the board of directors of K+N. "Our thoughts are with his widow Christine Kühne. The Board of Directors and the entire company will honour Klaus-Michael Kühne's memory with the utmost respect and gratitude." Stefan Paul, chief executive of K+N International AG, added: "The news of Klaus-Michael Kühne's passing has deeply saddened us all. "Klaus-Michael Kühne embodied logistics and global trade like no other. On behalf of the Management Board and the employees of Kuehne+Nagel, we extend our deepest sympathies to his family." As well as his majority stake in K+N, Kühne also had shares in Hapag-Lloyd and Lufthansa.