Dan-Bunkering, Bunker Holding and CEO of the latter, Keld R. Demant, are all pleading not guilty to the charges of illegal jet fuel sales to Syria and are seeking acquittal, announced today during the trial at a Danish District Court.

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Severely strained ports in Los Angeles and Long Beach on the US West Coast will charge extra fees for containers idling in ports, creating bottlenecks in terminals.

DSV expands its executive management, with its current CFO switching to a newly established position as Group COO. The shake-up is announced at the same time as the third quarter results, which show profits of DKK 3.2 billion.

The World Shipping Council warns the EU against adopting rules concerning green fuels as long as the EU is incapable of ensuring that the fuels can be procured all over the world.