Agility CFO: We don't see ourselves as exiting

Agility does not boast about details in terms of plans with Swiss Panalpina, which DSV has offered to acquire for USD 4,3 billion. The company's CFO, Ehad Aziz, emphasizes however, that the Kuwaiti company has no plans to exit the logistics market.

Bomin hit by new accusations of dirty bunker

German bunker company Bomin has been hit with two new accusations concerning contaminated bunker. In one case, a company claims that Bomin knew the bunker oil was contaminated even prior to delivery.

DSV raises its Panalpina offer

DSV has submitted a higher cash offer to buy Panalpina, which the Danish transport and logistics group has been trying to acquire for weeks. The news comes after Panalpina on Friday confirmed preliminary talks with Kuwaiti logistics company.

Panalpina CEO: We are ready to make our own acquisitions

Panalpina sees itself as "a buyer, not a target" in the current acquisition rally among freight forwarders, says CEO of the Swiss logistics company, Stefan Karlen. Despite the DSV bid, Panalpina is ready to take on a larger "transformational" acquisition, he says.

Ceva's investors can now sell stock to CMA CGM

From today, Tuesday, Ceva's shareholders can sell their shares to CMA CGM at the same price as the offer made by the French carrier. Thus CMA CGM now looks set to assume control of the company. Ceva has previously been a DSV acquisition target.

Majority shareholder attacks Panalpina board in open letter

DSV's takeover bid on Panalpina leads major shareholder Artisan Partners to lash out at senior members of Panalpina's board of directors in an open letter. The chairmanship should be excluded from discussions about the offer from the Danish logistics company, says Artisan.

Startup wants to use robots as cleaners for ships

J. Lauritzen and Norden have already installed several of Cliin's new cleaning robots in order to save time and money on cleaning cargo holds. But this is just the beginning for the startup, CEO Thomas Jørgensen tells ShippingWatch.

More orders boost Aker Solutions in 2018

Oil company Aker Solutions expects to further increase its revenue in 2019. According to the company's annual report, tendering activity remains high in main markets.

Bank DNB eyes improvements for shipping customers

In the fourth quarter, Norwegian bank DNB was able to reverse previously booked impairments on shipping, according to the annual report. "The macro drivers for the shipping portfolio were stable in the fourth quarter," writes the bank.

DSV expects more growth in 2019

Transport and logistics group DSV exits 2018 with an operating profit of USD 829 million, and the company expects continued growth in 2019. "We delivered a strong set of results for 2018," says CEO Jens Bjørn Andersen in the annual report.

Ceva expects growth in eventful year

Ceva Logistics, which has both been an acquisition target for DSV and CMA CGM, expects to boost revenue in 2018, which also saw significantly lower debt and an IPO.

Britannia bags Singapore underwriter license

Authorities in Singapore have given the UK-based P&I club license to underwrite insurances in the island state. The license comes shortly after the company received a similar license in Hong Kong.

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