Blue Water will never be sold, asserted founder Kurt Skov to ShippingWatch. The detainment of vessel Grace 1 (photo), OW Bunker and a fine for Total also drew headlines this week.
Samskip has found a permanent replacement for Jens Holger Nielsen. The new CEO is a 52-year-old Finn who is former chief executive of shipping company Containerships and has an active career as a race car driver.
While the logistics industry is currently experiencing a great deal of consolidation, 72-year-old Kurt Skov emphasizes that Blue Water will remain in the family. The founder is currently in the midst of handing over ownership of the company to his daughter.
The company introduces surcharge on delivering goods sailed through the Strait of Hormuz for customers.
Danish transport group DSV officially petitions the EU Commission for approval of its Panalpina acquisition.
After leading Blue Water for nearly 50 years, founder Kurt Skov now hands off large parts of the company to his daughter Anne Skov. "Blue Water is my life's work, which I would like to see continued by the Skov family," he tells ShippingWatch.
Two Danish pension funds believe Maersk will struggle to reach its target for the group's logistics business. Both ATP and PKA now question the plausibility of reaching DKK 20 billion in inland earnings by 2023.
Former BW Group CEO Carsten Mortensen will head a new investment fund, he announced in a week when several shipping companies are still waiting the Gulf of Oman. And the CEO of Dan-Bunkering's parent company commented on the Syria case.
Blockshipping, founded by a number of former Maersk executives, enters partnership with a new developer and furthermore secures funds from the Danish Maritime Fund. However, the company is still some way off target after the original financing plan failed.
Sliding profit margins pose difficulties for logistics companies in paying for Brexit preparations, concludes a new report from the UK's Freight Transport Association. 37 percent of companies participating in the survey have not yet taken steps to prepare.
DHL, one of the world's largest logistics companies, welcomes the container industry's digital roll-out. However, shipowners have a long way to go, the company assesses. "The usability and quality of those tools are still not up to demand."
DSV's three top executives are set to join the board of Panalpina, which the logistics company acquired in a billion-dollar transaction earlier this year.
Logistics company Panalpina now sees a risk of increased costs when the upcoming sulfur regulations come into force next year. A lack of standards for low-sulfur fuel raises concerns.
A new survey shows that almost half the respondents in shipping and logistics now use online platforms or digital freight forwarders in their operations and crucially value quick, effective booking when selecting services.
Marine Superintendent - UltraShip
Executive, Operations - BW LPG
Contract Manager for fuel purchase - Hofor
