DSV Panalpina buys freight forwarder Prime Cargo

Logistics company DSV Panalpina buys freight forwarder Prime Cargo, which has activities in Poland, Denmark and Japan. The transaction is expected to be finalized in the coming months.

Photo: PR-FOTO

DSV Panalpina makes a new acquisition.

The Danish logistics major buys freight forwarder Prime Cargo, which has activities in Denmark, Poland and China. DSV Panalpina buys the company from Japanese owner Mitsui-Soko Group, and the transaction is expected to be settled during the next two to three months, says DSV in a press release Wednesday.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs