Maersk's venture branch invests in British logistics platform
The shipping group’s venture subsidiary has partaken in UK-based 7bridges’ Series A round, which brought in USD 17m for the company.
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The shipping group’s venture subsidiary has partaken in UK-based 7bridges’ Series A round, which brought in USD 17m for the company.
US freight forwarder Flexport will get a new Head of Europe as current Europe chief Jan van Casteren steps down in March.
Private equity investor Axcel takes over logistics companies Danx and Carousel, which are put together to become a pan-European player. Former Damco exec Klaus Rud Sejling to be CEO when the companies have merged.
DSV emitted 16 million tonnes of CO2 in 2019. The vast majority came from its use of suppliers including ships, planes and trucks, and a newinitiative targeting customers is therefore set to have the logistics firm meet climate targets for 2030. So far, few customers have opted to have their goods transported more sustainably.
The Danish logistics group is setting up more offices in the Middle East to focus on transport in the energy sector.
DSV expands its air freight network with a new freight route between Singapore and Los Angeles.
DSV's integration of Global Integrated Logistics is expected to finish in the middle of 2022, says Chief Executive Jens Bjørn Andersen in an interview with ShippingWatch. He declares DSV ready for new acquisitions, potentially within this year. One area in particular may be targeted.
Swiss Kuehne+Nagel intensifies ambitions in Africa, where the logistics company aims to create an integrated network through a new base in South Africa.
2021 was in many ways a year of extremes within the maritime industry, and that will probably continue in 2022. Here's what managers, investors and customers should keep an eye on.
A.P. Møller Holding, DSV and Maersk are behind the three largest acquisitions made by Danish companies this year, reports business daily Børsen. The newspaper's list also includes DFDS' acquisition of HSF Logistics.
New restrictions could move consumption online and prompt additional freight, while rising inflation could put a damper on that consumption, says logistics major DSV's chief commercial officer.
Come the spring, the EU Commission will present a bill giving Brussels special powers to ensure supply in crisis situations, reports Politico.
Chaotic conditions in the transport sector in 2021 are creating further turbulence in a logistics market under transformation. “These are new dynamics we were facing almost every day,” says logistic company Dachser’s COO for Air & Sea Logistics in an interview with ShippingWatch.
A.P. Moller – Maersk clearly rejects the suggestion that the shipping group is looking at the German freight giant DB Schenker, which a number of analysts have been speculating about.
The acquisition of LF Logistics will act as a stepping stone for Maersk’s continued entry into logistics in Asia and Europe. This acquisition will give Maersk a strong business platform, said Maersk high-level management, Søren Skou and Vincent Clerc, Wednesday.
With its acquisition, Maersk is paying LF Logistics more than double the figure that the company was valued at in 2019. The Hong-Kong based logistics company comprises 10,000 employees and has 223 warehouses and distribution centers in 14 countries.
A.P. Møller-Maersk has just announced the takeover of Hongkong-based LF Logistics. "The acquisition is an important and truly strategic milestone," says Maersk CEO Søren Skou.
Swiss company Kuehne+Nagel will in the future be responsible for sending all sea freight from the production facilities at Denmark’s second-largest brewery, Royal Unibrew, around the world. The contract covers the supply of approximately 9,000 containers worldwide.
The world’s second-largest container line MSC is signaling a market change of strategy by offering USD 6.4 billion for French Bolloré Group’s logistics business. With this move, MSC is seeking to expand within logistics in line with its competitors CMA CGM and Maersk.
2021 became quite an extraordinary year for the logistics market. Chaos in supply chains has spurred a new kind of cooperation in the industry, says NTG's CEO of Air & Ocean, Søren Holck Pape, in an interview with ShippingWatch. "It's been hard on both sides of the table."
German logistics company DB Schenker could soon be put up for sale. DSV and Maersk could be in running as potential buyers, according to analysts.
Germany's new government was officially installed today. According to German media, coalition parties have struck a secret deal related to the state-owned Deutsche Bahn's divestment of DSV rival DB Schenker. DSV has previously expressed interest in a purchase.
Deutsche Post DHL Group, which includes logistics branch DHL Global Forwarding, announces a change in top leadership. Current CEO Frank Appel, who's been heading DHL for more than 13 years, has his contract extended until 2023, after which his replacement will take over. Being updated.
It won't affect DSV that major container lines are gathering to buy up companies and create their own logistics business, says DSV CEO Jens Bjørn Andersen in an interview with ShippingWatch.
Conflicts between US port workers and terminals have created serious problems for container lines before. The two parties will meet at the negotiating table again in 2022, and this time a labor conflict could make "a catastrophic situation even worse."
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