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Logistics

Søren Skou wants to turn Damco around and speed up logistics

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.

DSV wants to close Panalpina deal no later than Aug. 19

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.

Ceva's revenue wanes in first report under new CEO

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.

This week's top stories on ShippingWatch

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.

V. Group's CCO steps down

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.

DHL to launch more digital initiatives

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.

Kuehne + Nagel still looking for acquisitions in sea freight

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.

DFDS to grow through acquisitions in logistics

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.

DSV extends acquisition deadline

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.

This week's top stories on ShippingWatch

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.

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