APM Terminals has found its new operational head after Thursday's announcement that the current one will take the helm at the company's Gothenburg and Aarhus divisions, which are being merged into APM Terminals Nordics.
Logistics major Kuehne + Nagel is betting big on forestry projects, among other things, as a way to compensate for its CO2 emissions. The big shipping companies should do the same, the company tells ShippingWatch. But the method is also met with criticism.
Major US bank Citigroup thinks it will be some time before DSV can reap the benefits from its acquisition of Swiss Panalpina. The bank sees only limited synergies in the short term.
DSV says goodbye to yet another executive from its Swiss acquisition, Panalpina. The latter's managing director for Denmark steps down from his position. He joined the company when Panalpina purchased a smaller Danish player.
Big container ships are starting to replace smaller container ships on the routes between Asia-Europe and Asia-North America. MSC's new 23,700-teu vessels are just the most recent example of a development that will continue, writes Alphaliner.
The closing of 300Cubits is not necessarily representative of the general progress in digitizing the container industry. A review of the most recent big initiatives shows that digitization is gaining a foothold in several places. Hapag-Lloyd's booking platform is one example.
A former communication employee at logistics firm UTi has been convicted of insider trading in relation to DSV's acquisition of the company. He bought shares in UTi right after being informed that DSV would, on the following day, buy the company for more than USD 1 billion.
The Trump administration has announced new tariffs on European products for more than USD 7 billion annually starting on Oct. 18. The move comes in response to illegal government aid to Airbus.
Going forward, shippers and freight forwarders will be able to track containers digitally using a new app launched by the Port of Rotterdam Authority.
Startup Portchain has secured its first deal with a major shipping line as Hapag-Lloyd has agreed to use the company's platform. The deal spans multiple years and comes at a time when digital entrepreneurs in shipping will have to prove that they can deliver on their word.
300 Cubits, one of the best-known pioneers within blockchain in shipping, is closing its booking platform for containers as it has not been able to break even. The elimination race among digital freight companies has begun, says analyst.
Kuehne + Nagel is launching new digital initiatives and continues to reduce costs. This might mean new assignments for the staff, but the company will not necessarily be cutting jobs, CEO Detlef Trefzger asserts in an interview with ShippingWatch.
Thomas Plenborg has been appointed as new chairman of DSV, and he also becomes the first academic to enter the absolute senior executive ranks of the company, which is known for safeguarding its traditional business acumen. ShippingWatch has interviewed the new chairman.
Voided sailings and scrubber retrofits contribute to increasing the number of container ships out of work, writes Alphaliner. The number is expected to rise further in the coming month.
Kurt K. Larsen is stepping from DSV Panalpina after many years at the company. He has full confidence in the current management is the right team to drive to firm onward, says the resigning chair.
Nordic Transport Group intends to go public in October. The company plans to raise USD 36.8 million to be used for growth and new acquisitions, management says, thus addressing the wave of acquisitions happening in freight forwarding and logistics.
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Starting from next year, freight forwarder Kuehne + Nagel hopes to be able to offer CO2-neutral LCL transports to its customers. The ambition is part of a "comprehensive" plan to reach CO2 neutrality in the future.
The UK has invited Danish ferry operator DFDS to bid on a new round of Brexit contracts. DFDS has previously won a contract, which ended up being canceled when Brexit was postponed.
The Maersk group's COO Søren Toft is among the speakers during Monday's climate summit at the UN's headquarters in New York City. He was probably chosen due to the shipping company's ambition to become climate-neutral in 2050.
There should be more transparency in financial subsidies for shipping, the OECD and International Transport Forum writes in a new report examining disputed state subsidies.
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