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DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Photo: Bidstrup Stine/Ritzau Scanpix

DSV saw the market growth in ocean freight reach an impasse during the third quarter, marked by bottlenecks in the world's ports but also a lower growth rate on the Trans-Pacific trade route.

Although DSV continues to benefit from the overheated freight market, doubling its Air & Sea revenue in the third quarter, the company reports a "stagnated" market growth in terms of ocean freight during the period.

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