Latest news from Heavy Lift & Project Forwarding International Magazine

UTi and DSV respond to acquisition rumours

December 4 - DSV and UTi Worldwide have responded to a Bloomberg article published yesterday, which reported that the two companies have been evaluating the possibility of entering into an agreement concerning DSV's acquisition of UTi.

Both companies confirmed that, although exploratory conversations regarding this matter had taken place, the talks never "progressed beyond a preliminary stage" and there are currently no discussions between UTi and DSV.

Bloomberg reports, however, maintain that the negotiations were called to a halt only after news broke of DSV's potential acquisition, which sent UTi's shares surging.

Heavy Lift | News

Caldwell calls on Peacock thumbnail image

Caldwell calls on Peacock

October 11 - USA-based Caldwell Group has appointed Malcolm Peacock as a business development specialist as the company looks to expand in the Middle East.
Views: 1107
Trade wars take their toll on confidence thumbnail image

Trade wars take their toll on confidence

October 10 - Confidence in the shipping industry has fallen to its lowest level for two-and-a-half years, according to the latest survey from BDO.
Views: 625
Kotug International and Horizon join forces thumbnail image

Kotug International and Horizon join forces

October 10 - Kotug International and Horizon Maritime Services have formed Kotug Canada, a joint venture that will offer terminal and harbour towage services across Canada.
Views: 712

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