New acquisitions to ensure SDK Freja achieves target for 2025

SDK Freja, owned by Torben Østergaard-Nielsen’s USTC group, plans to buy up companies in shipping and logistics to achieve its growth target of a revenue post at DKK 8-10bn. Acquisition prices have shown a declining trend, CEO tells ShippingWatch.

European key ports may be strained by CO2 quotas

A new study by the Technical University of Denmark (DTU) reveals that key ports on the outskirts of the EU may be negatively affected by even a low price on CO2, because container carriers can benefit from calling at a neighboring port outside the union.

CEO declares DSV ready for new acquisitions

Acquisitions are a vital part of logistics company DSV’s strategy, and the firm is once again in the market for new takeovers, as clearly stated by CEO Jens Bjørn Andersen during DSV’s capital markets day.

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

Amazon chief to be CEO of Flexport

Flexport’s founder, Ryan Petersen, has brought in Amazon head as upcoming CEO. Petersen will step down from the chief executive position in six months to become chairman of the board instead.

Kuehne + Nagel sells Russian business

The world’s second-largest logistics firm, Kuehne + Nagel, has signed an agreement to sell its Russian business to the local management, the company writes on its website.

Scan Global dials up activities in Dubai

Scan Global’s new wholly owned business platform in the United Arab Emirates is to handle both global and local logistics customers with product flows to and from Dubai.

EU leaders back push to ban most Russia oil over Putin’s war

The sanctions would reportedly forbid the purchase of crude oil and petroleum products from Russia delivered to member states by sea but include a temporary exemption for pipeline crude. The sanctions have yet to be formally adopted by all 27 nations.

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