The result was better than expected for Swiss transportation and logistics group Kuehne + Nagel, a key competitor of Danish DSV, as the group finished the second quarter 2013 with an operating profit, EBIT, USD 206.8 million, according to the company's financial report, published on Monday.
That was marginally better than analysts' expectations, as according to Bloomberg News, analysts expected an operating profit EBIT of USD 205.6 million. EBITDA finished at USD 259.1 million, compared to an expected USD 257.9 million, while revenue was USD 4.53 billion, slightly less than the expected USD 4.61 billion.
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.
Fleet Manager 
Student Assistant for Program Management 
Managing Director - Europe 
People (HR) Operations Specialist for the offshore wind industry 
IT Specialist 
Technical Superintendent 
Freight and Logistics Officer 
Purchase & Logistics Manager based in Copenhagen