Latest news from Heavy Lift & Project Forwarding International Magazine

DSV completes UTi acquisition

January 22 - DSV's acquisition of UTi Worldwide has now been completed with the approval of UTi shareholders and competition authorities.

HLPFI reported on January 15 that UTi's shareholders had overwhelmingly voted to adopt the previously announced merger agreement.

"I have no doubt that the combination of DSV and UTi is a recipe for success," said DSV ceo Jens Bjørn Andersen. "We will now start the integration process while taking care to maintain a high service level towards all customers. The commercial activities of DSV and UTi will continue under the DSV brand as we move forward."

The transaction adds around 50 percent to DSV's existing revenue, making it the fourth largest freight forwarder in the world, claims the company, adding that the acquisition significantly strengthens its global market position within the air and sea freight sectors.

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 292
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Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 676
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DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 774
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 539

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