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ShippingWatchFriday24 March 2023

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Allan Melgaard, chief executive officer at Scan Global Logistics | Foto: Scan Global

Scan Global promises female board members after ownership transfer

The expanding Danish logistics company has no female board members and only recently hired its first female executive member. Unsatisfactory, CEO admits, promising changes in short time.
  • Zacho: "It's about sustainability – and behaving properly"
  • More than a third of DSV employees are women – but the top is dominated by men

For subscribers

The conditions for making larger acquisitions are currently not good, DSV's chair, Thomas Plenborg, believes. | Foto: PR / DSV

DSV chairman downplays interest in DB Schenker: "It's not as simple as just buying another company"

For subscribers

Foto: Michael Probst/AP/Ritzau Scanpix

CK Hutchison looking to expand ports in several countries

For subscribers

Foto: Toby Melville/Reuters/Ritzau Scanpix

Logistics companies see opportunities in UK two years after Brexit

For subscribers

Foto: Michael Macor/AP/Ritzau Scanpix

Analysts: There is risk of prolonged downturn for carriers

For subscribers

Foto: Mohamed Abd El Ghany/Reuters/Ritzau Scanpix

The Suez Canal breaks record for single-day vessel registration

For subscribers

  • Martin Jermiin is CEO of Flying Tiger. | Foto: Gregers Tycho

    DSV hit by massive claim from retail chain in Denmark

    Flying Tiger Copenhagen is now revealing the size of its claim against DSV in a court case that emerged during the pandemic’s logistics chaos.

    For subscribers

  • Foto: Joachim Adrian/Politiken/Ritzau Scanpix

    Grain agreement in Black Sea extended: Parties disagree on extension length

    Russia says grain export via the Black Sea is prolonged by 60 days. Ukraine says 120 days.
  • Otto Schacht is executive vice president sea logistics, Kuehne + Nagel. | Foto: PR / K+N

    Companies predict new trade patterns and increased global uncertainty

    Africa will have an important role in globalization in coming years, predict the chief executives from Kuehne +Nagel, Hapag-Lloyd and BASF.

    For subscribers

  • Maersk opens first freight route to Ukraine since war began

    Maersk-subsidiary Sealand will send a weekly vessel to the Ukrainian port city of Reni.

    For subscribers

  • Foto: Uwe Anspach/AP/Ritzau Scanpix

    Larger storage facilities constitute dilemma at German chemicals group

    BASF continues marked Chinese expansion despite great financial losses in Russia, while other companies are trying to decrease their dependencies on China.

    For subscribers

  • NYK er en af tre ejere af det japanske rederi ONE, hvis skibe har en karakteristisk pink farve. | Foto: Jonas Walzberg/AP/Ritzau Scanpix

    Japanese shipping group aims to expand in containers and logistics

    In a new strategy, owner of shipping company ONE maintains that the group will pursue growth in developing nations as demand for transportation of goods increase. Consolidation is part of the plan.

    For subscribers

  • Foto: Rolf Vennenbernd/AP/Ritzau Scanpix

    Owner said to have tapped banks to lead divestment of DB Schenker

    A German bank and two from the US are most likely to be given the task of divesting the subsidiary, multiple media write.

    For subscribers

  • Foto: Toya Sarno Jordan/Reuters/Ritzau Scanpix

    Lackluster economy will put pressure on DHL's earnings

    The company maintains it still expects results well over the levels found during pandemic.

    For subscribers

  • Foto: Kuehne+nagel

    Kuehne + Nagel focuses on one major acquisition instead of several lesser ones

    The world’s largest forwarding agent will spend the coming years on on further expansions, especially in sea freight. Here, 15 markets are of interest.

    For subscribers

  • "We have to think differently about our business. It is not just about bigger, better and faster ships anymore," says Anne-Sophie Zerlang Karlsen, head of operations Asia Pacific, Maersk. | Foto: Renate Beense

    Company exodus from China could spell problems for box carriers

    Box carriers are going to have to sail more routes and to smaller ports as business customers spread their production to more countries.

    For subscribers

  • Planes from Nippon Airlines at Narita International Airport in Japan. | Foto: Atsushi Taketazu/ap/ritzau Scanpix

    Japanese NYK divests its airliner

    While several major shipping groups are adding air freight to their portfolios, Japanese NYK is divesting its share in Nippon Cargo Airlines.

    For subscribers

  • Shareholders from an earlier general assembly at Maersk study the annual report. | Foto: Niels Hougaard

    Massive shareholder payouts on the way from shipping companies

    Around DKK 80bn will be sent to Maersk’s shareholders in dividends, while other Danish companies are also transferring large amounts to investors.

    For subscribers

  • Foto: Tanja Carstens Lund

    The Federal Reserve: Global supply chains are back to normal

    According to the US Federal Reserve Bank of New York, the pressure on global supply chains has dwindled to its lowest level since 1989.
  • The climate crisis "is not something that we maybe should fix or maybe not fix. This is something we absolutely have to fix, and I am sure we will, but it will take time. It is not a quick fix," MSC's CEO, Søren Toft, said at the TPM conference in USA last week. | Foto: Msc - Pr

    Ensuring green transition includes a personal element for many CEOs

    The chief executives of MSC, CMA CGM, Kuehne + Nagel, and ONE have children, and they sharpen the bosses’ resolve to avoid climate change catastrophes.

    For subscribers

  • The country's corn is exported from the port city of Odesa, among other ports. | Foto: Valentyn Ogirenko/Reuters/Ritzau Scanpix

    Türkiye trying to prolong agreement on Ukraine's grain corridor

    The corridor has secured grain exports from Ukrainian ports since Aug. 1. Türkiye is trying to prolong the agreement, which is set to end on Mar. 18, while Russia demands consideration for Russian export.

    For subscribers

  • Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: Magnus Møller

    Opinion: Shipping is fast becoming digital – but forget about disruption

    Carriers have become much more digital. But the fear of a sudden change coming from the outside is unfounded, writes Lars Jensen.

    For subscribers

  • Hapag-Lloyd has been located in the Hamburg city center since 1903. Headquarters are named Ballinhaus after the carrier's founder, Albert Ballin. | Foto: Hapag-Lloyd

    Hapag-Lloyd sends large chunk of profit into Hamburg city coffers

    A large portion of Hapag-Lloyd’s billion-dollar profit ends up with the city state of Hamburg, even though the carrier benefits from low taxation.

    For subscribers

  • Stefan Paul, CEO, Kuehne + Nagel | Foto: Kuehne+nagel

    Kuehne + Nagel rejects notion of carriers representing a threat

    Kuehne + Nagel keeps an eye fixed on carriers such as Maersk that are moving into logistics. However, the Swiss major’s CEO doesn’t think carriers able to compete with freight forwarders in one area.

    For subscribers

  • Foto: Robyn Beck/AFP/Ritzau Scanpix

    Retail majors top list of largest CO2 polluters within ocean freight

    18 companies are responsible for emissions of several million tonnes of greenhouse gases when bringing home goods aboard container ships.

    For subscribers

  • Foto: Christian Charisius/AP/Ritzau Scanpix

    Analyst predicts future merger of two container majors

    Hapag-Lloyd and ONE are heading towards an inevitable merger in two to three years in the wake of disbanded container alliances, Lars Jensen forecasts.

    For subscribers

Latest news

  • Spot rates out of Shanghai are back to downward trajectory – 13:24
  • EU shipowners want to tighten demands for fuel suppliers – 12:49
  • Hafnia rewards management with new share options – 11:43
  • Japan shipper seeks government support for Russia insurance risk – 07:49
  • John Fredriksen joins Euronav board following vote – 23 Mar
  • Maersk Training with profits for second year in a row – 23 Mar
  • Norwegian shipowners: IMO must secure climate neutrality by 2050 – 23 Mar
  • Commercial officer leaves Maersk Tankers – 23 Mar
  • Taiwan risk makes carriers look for alternatives to Chinese yards and banks – 23 Mar
  • Media: Private equity firm to sell Wrist Ship Supply after 15 years of ownership – 23 Mar
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