Heavy transport 330 km down one of Europe’s last wild rivers
Heavy transport specialist Sarens, was tagged by its clients Hyundai and Tecnicas Reunidas, to complete logistics activities for the Olefins petrochemical expansion project on behalf of end client Orlen. Read more
DSV reports expected earnings drop
Freight forwarding giant DSV saw a reflection of the softening demand and normalising freight market in its financial results for the year 2023. The company reported a decrease in gross profit of 13.4 per cent,...Read more
A $10 Bn logistics venture formed for NEOM
A $10 billion exclusive logistics joint venture has been formed by NEOM and DSV to support the development of the ambitious projects taking shape in Saudi Arabia. NEOM will hold 51 per cent of the...Read more
Lower freight volumes bring DSV profit down
Transport and logistics giant DSV has seen its profits slide from the record highs of 2022, due to lower freight volumes and gradual normalisation of the freight markets. Profit for the first nine months of...Read more
Project cargo takes a trip to Lithuania
Project LogisticsLogistics major DSV was recently tasked with moving project cargo from various locations to Lithuania. The company brought in BBC Saphire, the multipurpose heavy-lifter to load and transport the cargo. Read more
DSV makes a change at the helm
Logistics giant DSV will make a change at the helm as the CEO Jens Bjørn Andersen will step down after 16 years in charge of the Group, effective September 2024. The current Group COO Jens...Read more
DSV expands US footprint
DSV has strengthened its position within the semiconductor industry with the acquisition of US-based transport and logistics companies S&M Moving Systems West and Global Diversity Logistics. The acquisitions will also supportDSV’s growing cross-border services to...Read more
DSV moves 950-ton fractionator for Hyundai Engineering
DSV projects unit was recently put to the test with a transport of 950-ton oil distilling component from Malaysia to Indonesia for Hyundai Engineering. The latter is involved in the Refinery Development Master Plan (RDMP)...Read more
DSV stops operations in Ukraine
In the early hours of February 24, Russia launched attacks on Ukraine, causing a number of companies to suspend operations in the region. DSV – Global Transport and Logistics is one of the companies that...Read more
DSV acquires Agility for 3.5 billion euros
Project logisticsDSV has acquired the Kuwaiti freight forwarder Agility Global Integrated Logistics (GIL) for 3.5 billion euros. The takeover comes as a surprise. It was expected that DSV would press the pause button on major acquisitions...Read more
CMA CGM freezes bookings for Asia-Europe trade lane
ShippingCMA CGM has informed its customers that it will not accept bookings for the transport of containers from Asia to Northern Europe (Asia-Europe trade lane) for the time being. It is the latest development in...Read more
DSV charters multipurpose vessels to combat container crunch
DSV has chartered three multipurpose vessels and a small pool of containers to provide its customers with a direct service from China in Denmark in December. It is the latest sign of the extreme spot...Read more
Höegh ships turbine blades for DSV
Ro/roPRESS RELEASE – Höegh Autoliners has shipped three 45-metre long rotor blades from Santander to Melbourne in Australia. The ro/ro carrier was contracted by DSV Projects Portugal which transported the blades overland from the factory...Read more
DSV and BBC sued for USD 97 million for using confiscated port in Cuba
SanctionsAmerican Sugar is suing Goldwind, DSV Panalpina and BBC Chartering under a controversial law for using its confiscated port in Cuba. The sugar trader demands USD 97 million in damages, the exact amount the port...Read more