A.P. Moeller Strategizes Purchase of DSL's Assets

Thursday, August 02, 2001
The transport unit of Danish oil and shipping group A.P. Moeller, Maersk Logistics, said on Thursday it planned to buy certain activities and assets of global logistics company Distribution Services Ltd (DSL).

"The deal is not yet closed and the amount would be undisclosed," Maersk Logistics said. DSL, with headquarters in both the U.S. and Hong Kong, has 200 operating offices in 60 countries and 1,500 employees.

Maersk Logistics would acquire the activities, assets and related operations of DSL's storage and warehouse operations, ocean transport intermediary activities and consolidation business, it said.

The takeover would significantly increase Maersk Logistics' cargo volumes from Asia Pacific to North America in the supply chain management segment and make the company a leading player in storage and warehouse operations in North America, Maersk Logistics said.

"There is a strong synergy between the two companies and the acquisition would provide a platform for future growth," said a Maersk Logistics executive.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Petrobras Denies Hiring JPMorgan for License Sales

Petróleo Brasileiro SA denied on Friday that it has hired JPMorgan Chase & Co to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Finance

Petrobras Downgrade Shakes Market

Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive,

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Some Roads Reopened in Brazil, Truck Strike Persists

Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1467 sec (7 req/sec)