Scan Global buys Spanish logistics company
Danish freight forwarder Scan Global Logistics continues to grow and now buys yet another company – this time a Spanish, family-owned business.
ShippingWatch
A part of Watch Medier
Danish freight forwarder Scan Global Logistics continues to grow and now buys yet another company – this time a Spanish, family-owned business.
When DSV acquired Panalpina, CEO Jens Bjørn Andersen proclaimed that the joint company would carry 3 million containers annually. Last year, however, freight volumes ended almost 1 million containers below this prediction. Earnings "weigh the heaviest," says EVP, while stating several reasons for the disparity.
DSV Panalpina, one of the largest logistics companies in the world, is working hard to respond to inquiries from clients asking for updates on their container transport. "We're facing a very unpredictable freight market, and no one knows exactly how this will unfold in the coming weeks," says DSV executive to ShippingWatch.
After turning a record profit last year, Danish logistics company Blue Water Shipping expects a significantly lower profit in 2021. Growth must come from multiple smaller high-value contracts going forward, says CEO Søren Nørgaard Thomsen in an interview with ShippingWatch.
Customers of container carriers have urged the European Commission to take action against liner companies' high rates and poor service. After yet another unsuccessful meeting with the EU competition authorities, shippers are now proposing a new arrangement to ensure "ethical cooperation".
The build-up of ships waiting at the just-reopened Suez Canal could trigger a capacity plunge of up to 30 percent in the comings weeks, says Maersk. Container lines and analysts project weeks and months of turmoil in the container sector.
After a weekend of continued attempts to refloat Ever Given, the Suez Canal Authority considers introducing new meassures named Plan C which involves the complex offloading of containers, writes media Egypt Today.
Liner carrriers, among them MSC and Maersk, are rerouting a large number of vessels south of Africa. Still, MSC describes the Suez Canal blockage as a major disruption that will impact the second quarter of 2021 heavily.
The Mærsk family's holding company boosts its profits in 2020, during which the container market in particular helped raise the bottom line despite the global outbreak of the coronavirus. The holding company expects to land an even better result this year.
Authorities are now relying on the tide to refloat grounded Ever Given in the Suez Canal. If unsuccessful, it may take another 14 days, as that is when the high tide returns, according to an assessment. More than 200 ships are so far queued up. Friday, another attempt to refloat the vessel failed, ship manager informs ShippingWatch.
Maersk is now looking at alternative routes and contemplates air solutions for particularly time-sensitive cargoes. Egypt authorities continue the attempt to refloat grounded Ever Given in the Suez Canal, which is blocking all passage. Meanwhile, a salvage company tells Dutch media that the operation may take weeks. Updated.
Danish logistics company Blue Water Shipping reports another record high profit in 2020, despite a declining top line. The profit is expected to drop "to around half" in 2021, during which important contracts in Kazakhstan expire.
Transport group DHL is dialing up green ambitions by joining a climate initiative and spending up to EUR 7 billion on "climate-neutral logistics" ahead to 2030. Management's pay will also be tied to the targets.
Niledutch was likely the only opportunity available in the container market, says Hapag-Lloyd CEO Rolf Habben Jansen after acquiring the Dutch shipping company. "We have been very lucky," he says.
Ceva Logistics, CMA CGM's logistics business, will not reach its target of black numbers on the bottom line in 2020. The year of the coronavirus pandemic brought a loss of more than USD 100 million, far below the target set out by the management.
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