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DHL chief executive doubts corona crisis will cause wave of acquisitions

DHL's chief executive Tim Scharwath does not think the industry will see any more acquisitions in the wake of the coronavirus crisis. It takes stability to make acquisitions, he points out. Competitors such as Maersk and NTG have otherwise predicted lower prices of potential acquisition targets.

Maersk hires new head of Asia Pacific from DB Schenker

A.P. Møller-Maersk appoints a new regional managing director of Asia Pacific, who comes from logistics company DB Schenker. He replaces the current regional managing director, who will take over Maersk's office in Latin America.

Ceva in longtime legal dispute about past restructuring

Ceva Logistics is at the center of a protracted dispute with former bondholders and a key employee. The dispute concerns a restructuring of Ceva years ago. Ceva denies the accusations, but the case could result in "a material loss," writes owner CMA CGM, which is already struggling with a large debt following the acquisition.

Logistics company SDK in concrete acquisition talks

The bottom line continues to grow at USTC company SDK, though revenue dropped for the first time in years. But the company aims for growth again already this year, in which it is in acquisition talks, CEO tells ShippingWatch.

DSV Panalpina could be headed for pre-corona result for 2020

DSV Panalpina can again glimpse the full-year result the company projected prior to the coronavirus crisis, says major bank Jefferies after news that the company's second quarter has been better than expected. This makes analyst "tip his hat."

Suez Canal oil tanker transits hit all-time high last month

A record number of tanker vessels made their way through the Suez Canal in May. This development is likely due to an increase in fleet activity as a result of higher tanker rates, writes Bimco. Meanwhile, a growing number of container liners currently opt for the route south of Africa instead.

Kontainers sold in million-dollar transaction

Software firm Kontainers has been sold in a transaction that could amount to USD 12 million. The digital company has previously announced deals with container major Maersk and logistics companies Toll and Ceva.

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