Danish freight forwarding group DSV plans to push further up into the top league of global cargo agents with the signing of an agreement today to take over US-based logistics group UTi Worldwide.
Weakness in all sectors of the offshore vessel market could soon lead to market-balancing mergers and acquisitions, with companies seeking to reorder balance sheets lopsided with debt.
China’s top 20 container ports handled more than 120 million teu this year to end-August, but slowing export demand has meant little growth across most of the major ports and several year-on-year volume declines.
