DSV presented its best results ever when it published its second quarter interim report. At the same time, the company upgraded its forecast for the full year and launched a share buy-back program worth DKK 1 billion.
"Big changes are taking place right now on the sea freight market, and it's all about staying close to the development," CEO Jens Bjørn Andersen told ShippingWatch in a post-report interview.
The oil price will rise ahead of 2020
The price for a barrel of North Sea crude will rise ahead of 2020, predicts oil analyst at DNB Markets, Torbjørn Kjus. The analyst has lowered his estimate but is overall more positive than other industry stakeholders.
Dry bulk still far from positive
Dry bulk rates were stronger in the most recent quarter, as evident from the first interim reports, but the level is far from enough to ensure positive bottom lines at the carriers, Fearnley Securities tells ShippingWatch.
And make sure to read about how Hempel handled a bribery case and about the challenging tanker market this year for product players such as Teekay Tankers and d'Amico International Shipping:
English Edit: Gretchen Deverell Pedersen