The primary task was to clean up, when Chief Information Officer Jesper Riis began work on the integration of DSV and Panalpina. If there are too many systems, it becomes like an iron ball chained to the leg of a bandit in Lucky Luke, he says in an interview with ShippingWatch.
Transport group NTG just appointed a new CEO of its Air and Ocean business who comes from Vestas. This is done as part of the work to strengthen the division, which has been under pressure during the pandemic.
The break from major German customer DB Schenker does not indicate that Maersk is losing support from freight forwarders after the group has itself entered logistics, says CEO Søren Skou.
German logistics operator DB Schenker wants to expand its perishables business and has hired a series of former Panalpina people to lead the venture.
A.P. Møller-Maersk plans to invest between USD 4.5 and 5.5 billion in 2021 and 2022. Maersk's financial reserves for acquisitions, share buybacks and investments are, however, much greater, assesses investment bank. Skou denies expanding the fleet.
China's attempts to slow down the container lines' rate increases by introducing a ceiling are not met with support from customers, nor are they reflected in the rates, says analyst.
The board of logistics company Toll Group now prepares to divest part of the business. However, there are no plans to sell the part of the company that DSV Panalpina has previously said it might be interested in.
Nicolas Sartini, who has served in several senior positions at CMA CGM as head of APL as well as Ceva Logistics, has left the French group. Updated.
The coronavirus crisis and capacity shortages at sea mean that DHL freighted 10 percent fewer containers in the latest quarter. This development led to lower revenue within ocean freight. The business improves overall.
China has, in the shadow of the coronavirus crisis, now assumed the rank as the world's biggest importer of reefer containers and thus frozen and refrigerated foods. This development likely to continue into 2021, estimates advisory firm.
Kuehne + Nagel has introduced a climate criterion for when it chooses container lines, and ranks 15 container lines according to the scope of their carbon emissions. There is a big gap from top to bottom, it turns out.
SDK's desire for acquisitions goes far beyond the takeover of logistics company Freja. Candidates in air and sea freight are a hot topic, CEO Søren Gran Hansen tells ShippingWatch. Updated.
SDK Shipping buys competitor Freja Transport & Logistics in a large transaction that pushes the company's revenue above DKK 5 billion. Owner Torben Østergaard-Nielsen heralds more acquisitions.
DB Schenker has moved large parts of its business, which were previously handled by Maersk, to MSC. According to sources, the change has also resulted in price increases, but DB Schenker denies this. Updated.
Freight forwarding major DSV Panalpina is seeing a change in its customers' supply chains, which, according to CEO Jens Bjørn Andersen, have become "more complex", writes business daily Børsen.
Once the fog of the coronavirus crisis lifts and DSV's appetite for acquisitions returns, there will likely be major clashes in store, reminiscent of those that went down in connection with the Panalpina acquisition, says CEO Jens Bjørn Andersen. He also reveals what DSV looks for in acquisition targets.
DSV Chief Executive now says that the acquisition of Panalpina is fully completed. This happens the day after DSV settled a new acquisition. The company maintains its upgraded guidance, announced a few weeks ago.
Kuehne + Nagel has in round figures reduced its workforce by 5,000 employees throughout 2020, during which a hiring freeze and the coronavirus crisis has made the freight forwarder review its costs.
Head of Cargo Operations - Fednav
Shipping Trainee - Ultrabulk
Maritime Data Scientist - Bunker Metric
