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DSV looking to acquire US-based transport giant

UTi truck parked at the port in the daytime (Low Res).jpg Services:

Logistics company DSV has expressed interest in acquiring US-based logistics group UTi Worldwide at a price of around USD 1.5 billion, says DSV in a brief to the stock exchange issued Wednesday night.

Maersk Broker in dry bulk join venture with Lightship

Services:

Maersk Broker and Lightship Chartering will combine their dry bulk chartering activities in new joint venture LMB Bulk Chartering. The company will consist of 80 employees in 12 offices around the world.

Maersk Broker's new bulk venture ready to expand

Services:

The new dry bulk joint venture between Maersk Broker and Lightship Chartering, LMB Chartering, is set to become even bigger. This could be done by establishing ties to other brokers who are strong in Panamax and Capesize, LMB CEO Morten Have tells ShippingWatch.

Univan: We will manage 130 ships by 2015

Services:

Ship management looks set to face a very good year. Hong Kong-based Univan expects growth rates of 15-20 percent, says CEO Bjørn Højgaard in an interview with ShippingWatch.

Suddenly, there was a knock at the door at OW…

Services:

The management team was putting the finishing touches on a new massive bank deal to secure its future yesterday at its headquarters, when all of sudden there was a knock at the door. An employee had come all the way from Singapore.

Secret million-dollar settlement in fraud case

Services:

Asian company withdrew charges of systematic fraud against Danish billion-dollar company – but only after receiving a generous compensation.

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EU will keep a close eye on Maersk Line and MSC

Vestager.jpg Container:

The EU's new Commissioner for Competition, Margrethe Vestager, will keep a close eye on the new mega-alliances in the container industry, including 2M, which is set for launch one week from now. And she is ready to strike again if necessary, she says in an interview with ShippingWatch.

Deep bulk crisis forces Lauritzen to impair USD 160 million

Bulk:

Struggling Lauritzen now faces the consequences of the massive downturn in the dry bulk market in recent months by performing a USD 160 million impairment based on decreasing asset values and loss provisions.

Fredriksen: Stay away from the oil service sector

Suppliers:

John Fredriksen warns against the oil industry, especially after his own drilling giant Seadrill has taken a big hit from the sliding oil price, though he does expect the oil price to rise again, according to Dagens Næringsliv.

Scorpio Bulkers divests another newbuilding

Bulk:

Scorpio Bulkers is now divesting yet another of the carrier's many newbuildings. The company has now sold seven ships within a week.

Hafnia Tankers secures full financing for newbuildings

Tanker:

Danish based Hafnia Tankers has secured USD 236.8 million in fresh financing for the carrier's existing fleet as well as newbuildings.

Christmas on ShippingWatch

Carriers:

ShippingWatch will be closed on select days between Christmas and the New year.


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