DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
Despite a decline in fourth-quarter revenues, South Korean carrier Hyundai Merchant Marine (HMM) saw annual sales last year increase by 5.6% a return to profitability in Q4.
It said its 2019 revenue was KRW5.5trn (US$4.72bn), while its operating loss narrowed 45.6% to KRW304bn, as it prepares to join THE Alliance and begin deploying its new series of ultra-large container vessels (ULCVs) at the beginning of April.
The reduced operating loss represented a substantial improvement for the company on the KRW558.7bn ($479m) of ...
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