The USTC group's logistics company, now called SDK Freja after a major acquisition last year, reports significant progress in the latest financial report. The company is now aiming for "a number of specific acquisition opportunities," says CEO.
The ports of LA and Long Beach experienced the busiest month so far in May, with continued prospects for high activity as US demand for goods does not seem to decline, estimates Bimco.
The two companies now limit the scope of the large transportation agreement signed early last year. DSV Panalpina's CEO declines to comment on the economic significance of this, also dispelling the notion that any of the parties were dissatisfied with the collaboration.
On June 29, Irish Ferries will take on DFDS and P&O Ferries on the lucrative Dover-Calais route in the English Channel. According to DFDS, there is no immediate need for extra ferry capacity yet the operator will soon deploy a larger ship to operate the route.
The explosion in freight rates can no longer be absorbed in the smallest shippers' transport budget. Cobi Rehab is one of the companies that is seeing its finances strained. Meanwhile, the situation in Yantian is getting worse, with ensuing consequences for each passing day.
The shutdown in critical port Greater China Yantian has sparked a shortage of empty 40-feet containers, while the line of vessels waiting off the port is growing despite partial reopening of the western port, writes Maersk.
Following continued progress, global logistics and transport company DSV Panalpina upgrades its expectations for the operating result to upwards of DKK 12.5 billion.
The high-strung container market will last until the second quarter of 2022, at which point a "new normal" will set in, reports DSV Panalpina. By then, rates will remain at a higher level compared to 2019.
The partial shutdown of the port of Yantian is as big of a challenge as the Suez blockage, "if not bigger," says Executive VP for DSV Air & Sea Henrik Nielsen in an interview with ShippingWatch. At DHL, customers are advised to reroute cargo to other ports.
Ceva Logistics, acquired by French container line CMA CGM in 2019, saw progress in the first quarter at a time when a lack of containers has sent freight rates soaring in the container market.
Cargo airline Star Air, owned by Maersk, will help boost the group's palette of logistics solutions. This will require an expansion of its capacity with one or two planes, the CEO tells ShippingWatch.
Several major logistics companies have written off the idea of a normalized container market in 2021 with rates similar to those before the pandemic. According to Jochen Gutschmidt, VP of Advisory Services at Sea-Intelligence, seafreight budgets between Asia and Europa will double this year.
Maersk, DSV and most recently Vestas were among the companies to employ Søren Holck Pape over the course of his career. As the new CEO of NTG's Air and Ocean Division, he sees it as his task to bridge the gab to the logistics company's biggest business. He lays out how in an interview with ShippingWatch.
Uncertainty looms over ferry operator P&O Ferries' future operation unless the company manages to raise fresh capital from DP World, the company informs The Times.
Agility's shareholders just approved the company's sale of its logistics business, Global Integrated Logistics, to DSV Panalpina.
Scan Global Logistics plans to land more acquisitions within the next three to five months. New as well as existing markets are in play, says CEO Allan Melgaard, who highlights the possibility of an expansion in the US and an entry into the UK market.
DSV Panalpina is reportedly negotiating a takeover with state-owned German freight forwarding DB Schenker. A merger of the two companies would create a major player in the market, but a number of analysts see significant risks.
A new partnership has seen the light of day in heavy lift, in which Dutch Jumbo Maritime and German SAL Heavy Lift have joined forces. A marriage of convenience, they say, but the timing is much better than expected due to a "perfect storm", the partners tell ShippingWatch.
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DSV Panalpina is rumored to be interested in acquiring Deutsche Bahn's logistics division, DB Schenker. The company's head of investor relations calls the rumors "pure speculation", according to Bloomberg News. DSV recently bought Agility's logistics business.
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