DFDS upgrades its 2020 outlook again

Shipping and logistics company DFDS upgrades its expectations for 2020 again. This is the company's second upgrade since the outbreak of Covid-19. Earlier in the year, the company made two downgrades.

Alfa Laval's order book shrinks

Maritime supplier Alfa Laval received fewer orders in the latest quarter compared to the same period last year. But things have improved since earlier this year, writes the company.

V.Group adds 41 container ships to portfolio

V.Group expands its partnership with Greek shipowner Costamare, which will add another 41 vessels to the ship management company's portfolio. Costamare's office in Shanghai will furthermore be integrated with V.Group's as part of the deal.

Color Line sends 400 employees home

Norwegian ferry operator Color Line berths one of its Kiel ferries and sends 400 employees home on so-called temporary layoffs. This means that a total of 1,000 employees are now temporarily laid off.

Kuehne + Nagel saved CHF 77 million on personnel during Covid-19

Kuehne + Nagel has utilized a short-time scheme during the coronavirus crisis to lower the working time of some employees, this initiative saved the company costs totaling CHF 77 million. The bottom line grew despite a drop in revenue in the third quarter. Updated.

US agricultural sector criticizes container lines

It cuts into US agricultural and forestry exporters' earnings when container lines do not sufficiently communicate when the exporters are able to drop off their containers at port terminals, reveals a survey by Agriculture Transportation Coalition.

Transocean gets warning from New York Stock Exchange

Drilling company Transocean has received a warning from the New York Stock Exchange, as the company's equity has been trading below USD 1 for a period of 30 days. The company now has six months to correct the price before its listing becomes at risk.

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