Maersk's CEO, Søren Skou, believes 2019 got off to a good start and points out that Maersk now has the strength needed to make acquisitions within logistics. Clarksons Platou calls the interim report "surprisingly weak".
A.P. Møller-Maersk books a pre-tax profit of USD 2 million in the first quarter. The year came off to a good start, but the trade war escalation may weaken the container market, says CEO Søren Skou.
CMA CGM has ordered trackers to measure everything from temperature fluctuations to GPS positions on 50,000 of its containers. The supplier is a company invested in by the French container line.
It will still be possible to increase container volumes despite the latest tariff hikes by the US and China, Kuehne+Nagel tells ShippingWatch. But the trade war could move cargoes around.
Maersk takes another step in its transformation by moving APM Terminals' inland business to Maersk Logistics & Services.
A public listing is one of several possibilities for Scan Global Logistics, which is working to grow its business along with its owners in the form of a US-based private equity fund.
Panalpina's executive management stands to cash out on equities valued around USD 56.6 million – but Panalpina will first have to buy these on the stock market.
DSV should take over ocean transport between key ports and run its own container ships, says an experienced shipper. A "highly unlikely" scenario, says DSV Chief Executive Jens Bjørn Andersen.
So says Michael Nielsen, one of the shipper executives often listened to, and who has for years been heading Caterpillar's Asia transport. He presents what he believes is a good idea for the new DSV Panalpina in an interview with ShippingWatch.
New VP charged with doubling core area within ocean freight business in Ceva as part of new owner CMA CGM's strategy. He has until the end of 2021 to reach the target, he tells ShippingWatch in an interview.
A slowdown in the global economy will not halt DSV's growth rates going forward, says CEO Jens Bjørn Andersen. "We will continue to be able to conquer market shares and grow," he tells ShippingWatch.
Panalpina acquisition makes the company suspend expectations for 2019. Logistics company DSV finished the first quarter with an operating profit of DKK 1.5 billion.
Technical Superintendent(s) - Dania Ship Management
