Russia's trade sanctions banning the import of a long list of food items such as beef, pork, fruit, vegetables, poultry, milk, cheese and other dairy products from the EU, US, Australia, Canada and Norway will only have a moderate impact for DSV in terms of the transport group's combined business.
"This is a fairly small business area for us, so it's not going to have big direct impact on us. It's more the indirect effect in terms of the entire development of the European economy that we might be worried about," Flemming Ole Nielsen, Head of Investor Relations at DSV, tells ShippingWatch.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sky-high gas prices put economic pressure on carriers with LNG-powered ships
The price difference on LNG and heavy fuel is historically high, adding pressure on carriers which have banked on LNG as a marine fuel, says analyst. CMA CGM and Hapag-Lloyd have chosen two different approaches with their dual-fuel fleets.
Stolt-Nielsen pushes on for consolidation – ups its stake in Odfjell
Stolt-Nielsen is still keen on consolidating with rival Odfjell and has acquired additional shares in the main competitor. Odfjell has so far declined the proposition.
Price of Maersk's new methanol ships drops
Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.
Port staff in Felixstowe working again – but wage conflict far from over
The wage dispute between employer and employees in UK port Felixstowe is far from resolved, and this could lead to new strikes in the country’s largest container port.
Esvagt pursues Taiwanese offshore wind
The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.
Technical Superintendent 
Student Assistant for Program Management 
IT Specialist 
Vessel Manager 
Fleet Manager 
Commercial Director - Europe 
Freight and Logistics Officer 
People (HR) Operations Specialist for the offshore wind industry