Deutsche Post DHL Group has arranged to acquire a German logistics company specialized in the transport of alcohol for EUR 1.5 billion. The acquisition strengthens the company's position in ocean freight.
BY RITZAU FINANS & SHIPPINGWATCH
Deutsche Post DHL Group has entered into an agreement to acquire German logistics company Hillebrand, which is specialized in the transport of alcohol, at a price of EUR 1.5 billion (USD 1.76 billion).
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.