Air cargo peak? What peak? But we're 'very, very busy', says market
Airfreight is not experiencing a ‘peak’ season – but is certainly enjoying a busy and ...
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
Danish forwarder DSV announced today that would it stop immediately “all operations in Ukraine”.
It told its clients that “as a result of the situation currently evolving in Ukraine, the country declared martial law this morning. As a consequence, DSV has stopped all activity in the country until further notice.”
It added:
“The shutdown of operations encompasses the entire Ukraine, including all offices in Ukraine, which are closed indefinitely to avoid unnecessary risk and keep our employees safe.
“DSV expects that the recent developments in Ukraine will give rise to significant operational and capacity challenges for the entire region, including Russia, and for all transport modes. The situation in Ukraine is considered force majeure, and it is already now also affecting DSV operations in other countries in the region.
“For now, all air traffic to and from Ukraine has been stopped, and it is expected that other means of transportation will also be affected by the situation. Additionally, the trucking capacity for the region is being affected by tight border controls and Ukrainian nationals working as truck drivers or in other supply chain functions all over Europe seeking to return home on immediate basis.
“The shutdown of our operations also applies to IT, and strict security measures have been taken to protect DSV and our customers against cyberattacks.
“DSV is following the situation in Ukraine closely, and there will be regular updates as the situation unfolds.”
Meanwhile, Helmut Schweighofer, CEO of DB Schenker Europe wrote on LinkedIn earlier today:
“This morning, it was our duty to advise our Ukrainian employees to stay at home until further notice, while we are working with the local management team on ways to support the colleagues at this difficult time.
“As for now, our operations in the country have been suspended. Customers and business partners have been informed. Our thoughts are with #Ukraine!”
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