Full ownership is DSV's recipe for success in Africa

Acquisitions and full ownership in the African nations companies is part of DSV's recipe in the region, where the company is on its way to become a major player, says Michael Carstensen, Director of Development in South Saharan Africa, to ShippingWatch.

Photo: PR-foto/DSV

In just a year, Danish transport group DSV has gained a solid foothold in Africa, a region in which companies need to be present in order to get a share in the high growth rates which characterize several of the continent's countries. DSV usually picks its focus areas based on where global customers seek to develop business, says Kenya-based Michael Carstensen, who is director for DSV’s development in Southern Saharan Africa.

Unlike other companies who are also in the process of establishing themselves on the African continent, buying forms a part of the strategy for DSV in Africa. There are several reasons for this, explains Carstensen over a skype call from Kenya to ShippingWatch. In 2014, the transport group acquired the private-owned company Swift Freight, of which DSV had already owned 30 percent for the two years prior.

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
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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs