In 13 years, DSV has expanded vigorously in Latin America, and last year the region represented the highest growth rates in the logistics firm’s air and sea business. Large acquisitions have given access to new markets, says regional head in an interview with ShippingWatch.
The German freight forwarder buys a US-based trucking company for over a quarter billion dollars.
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.
The ferry operator has struck a deal to reestablish a ferry route between Scotland and Belgium.
It could make sense for both parties if Danish logistics group DSV ends up taking over the global freight forwarding business of C.H. Robinson, according to Morgan Stanley.
While the situation has eased in most places as workers return, further stress on the supply chain could materialize as the key port of Shanghai tentatively emerges from a two-month lockdown and cargo backlogs there are cleared.
DSV isn’t seeing a general trend of shipping companies entering the company’s territory, CEO said during capital markets day. With one exception, however.
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.
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.
The sweeping moves, which will apply to around 22.5 million of the city’s 25 million population, lays the groundwork for a fuller return to normalcy, even as China remains committed to a harsh Covid policy.
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.
The top management of container carrier Eimskip will be questioned by the Icelandic prosecution authority as part of the investigation regarding illegal scrapping of two vessels in India. Eimskip’s COO is charged in the case.
Maersk, DSV and other freight companies have stopped sending cargo via Russian state rails. Danish Scan Global Logistics, however, maintains freight train services through Russia.
Customers at analyst firm Xeneta forecast higher freight rates after Shanghai’s reopening. Other ports are having issues with large bottlenecks as well, states Kuehne + Nagel EVP.
The Dutch and French states both participate in the capital increase, while carrier CMA CGM is new major shareholder.
DFDS and P&O Ferries have suggested changes to their mutual agreement in order to meet concerns from UK competition authorities in regards to cooperation on the English Channel, according to media citing the UK authorities.
According to media, DFDS is engaged in a takeover of Turkish logistics firm Ekol Logistics’ road transport division. DFDS declines to comment on acquisition rumors.
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.
CMA CGM continued its logistics roll-out at the start of this year. Fiscal figures reveal increasing revenue and operating profit but also declining operating margin in logistics branch Ceva for the first months of the year.
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.
Asset divestments for billions of dollars. Office shutdowns. Canceled agreements. Rerouted voyages. ShippingWatch provides an overview of how 100 days of war in Ukraine have upended the global shipping industry.
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.
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.
Thomas Knudsen succeeded with turning the financially strained logistics firm Toll Group from red to black figures before he stepped down as chief executive to take over as chairman of the board instead.
The logistics firm will be in charge of providing several tailored solutions for Shell’s biofuels project in the Netherlands, which will produce sustainable aviation fuel and renewable diesel.
Crewing officer 
Senior Sales Manager 
Accountant Assistant - Creditor & Payment Team 
Safety Leadership & Transformation Manager Finance Controller IT Operations & Project Lead 
Head of Vessel Operations 
Senior Legal Counsel with a focus on Offshore Renewables 
Head of Airfreight Assistant Operations Manager 
