When the new DSV Panalpina is launched on Monday, there will be several challenges lying ahead for CEO Jens Bjørn Andersen, shows an analysis of the two companies. ShippingWatch points to the two most obvious challenges.
Logistics must grow in Maersk's new strategy, but the freight forwarding business in Damco noted a setback in the second quarter and helped drag down Non-Ocean. CEO Søren Skou is not pleased and heralds full focus and acquisitions – five areas are interesting here, he says.
First Maersk said that it would only invest in smaller and select logistics businesses. But now the company enters a new phase where it will power up its investments significantly in the new priority area.
Confidence in revenue growth among CEOs in the transport and logistics sector reached its lowest level in five years, according to a survey by PwC among the industry's top executives. One reason is the digital development.
A considerable majority of Panalpina shareholders have accepted the exchange offer presented by DSV earlier this year.
Software firm Kontainers wants to be freight forwarders' safeguard against digital disruptors such as Flexport, a tactic that seems to be working. The "start-up" company has no need for venture capital, as it expects over a million bookings next year.
Transport group DSV has received the final approval the company needs from authorities to finalize its acquisition of logistics company Panalpina. As such, DSV now expects to close the deal no later than Aug. 19, after which integration may commence.
Currency fluctuations and macroeconomic challenges pressure revenue at Ceva Logistics, which is about to be fully owned by liner company CMA CGM. New CEO Nicolas Sartini will generate top line growth, says financial report.
While major liner companies see trade conflict, a hard Brexit and world economy slowdown as a toxic cocktail, DSV Chief Executive Jens Bjørn Andersen sees more business. He explains the company's continued progress to ShippingWatch.
Logistics major DSV grew its revenue and also reports an improved operating profit in the second quarter of the year. The acquisition of Panalpina is expected to be finalized in the coming quarter.
After Panalpina has published its half-year report, investment bank Jefferies is no longer certain that DSV's recently acquired logistics company can meet its own expectations for the year. DSV will publish its half-year results on Wednesday.
DSV's acquisition of Panalpina has moved a step closer as the EU Commission has cleared the acquisition of the Swiss-based logistics major.
Extra expenses for low-sulfur fuel are small enough compared to factors such as US tariffs on Chinese goods that they will not lead to a similar container boom ahead of the new sulfur regulations, notes analyst firm Sea-Intelligence.
This week especially held stories involving the Strait of Hormuz, and most recently, the Danish government has declared its readiness to participate in a naval mission. Moreover, an investor has lost patience with a Danish shipbreaking yard, and logistics company Kuehne+Nagel said no to seafreight acquisitions.
Shipping group V. Group bids farewell to Martin Gaard Christiansen, who has been CCO at the company since 2017. V. Group confirms this to ShippingWatch.
One of the biggest logistics companies in the world, DHL Global Forwarding, wants to do more on the digital side of business, CIO tells ShippingWatch. An area in which the company, compared to its competitors, has quite a way to go, says analyst firm.
DSV competitor Kuehne+Nagel acquires Austrian transport company Jöbstl Group.
Kuehne + Nagel currently has no plans to make acquisitions within seafreight – mainly because the company has yet to find the right candidate, says Detlef Trefzger in an interview with ShippingWatch. "We can capture the volume in the market easily," he argues.
With Boris Johnson as the new UK Prime Minister, the risk of a no-deal Brexit just increased significantly, warn several organizations. DFDS continues its preparations while hoping for a deal, informs chief executive.
DFDS is capable of making million-dollar acquisitions right now, CEO Torben Carlsen tells ShippingWatch. Over the next four years, the shipping company will grow significantly through acquisitions, although any major ones will have to wait a few more years.
Logistics company Kuehne+Nagel continues to transport more containers at sea than previously. The company also earns more on seafreight, but one business area in particular is under pressure.
DSV extends its offer to Panalpina stakeholders to Aug. 7. The company has received green light from most of them but is attempting to get the rest on board by extending the deadline.
The conflict in the Gulf of Oman intensified in the past week as Iran detained a foreign tanker vessel, and the US shot down an Iranian drone. Offshore carrier Blue Star Line filed for bankruptcy, and more banks pose climate requirements to shipping. The sale of scrubbers has slumped, however. Read this week's most important stories here.
Chartering Manager at Ultrabulk
Crewing Officer - Uni-Tankers
LEGAL COUNSEL to the fastest growing Danish Shipping Company - Celsius Shipping
Communications and press consultant
Want to put numbers on Denmark's largest export business?
