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

Contracts

Bahri Orders VLCC Newbuilds

Bahri ordered five newbuild very large crude carriers from Hyundai Samho Heavy Industries   The National Shipping Company of Saudi Arabia (Bahri) today signed

Scandlines Orders Ferry Battery System

Corvus Energy announces the signing of marine Energy Storage System (ESS) contract with Scandlines Denmark ApS; world’s largest battery hybrid electric fleet orders additional 2.

Mercury Diesel Engines for 16 New USCG Boats

Mercury Marine has entered an agreement with Metal Shark Aluminum Boats to power 16 U.S. Coast Guard (USCG) boats with Mercury diesel engines.   “Mercury Marine’s 2.

Finance

AAPA Applauds Senate Passage of Trade Promotion Legislation

The American Association of Port Authorities (AAPA) applauded Senate passage over the past weekend of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015),

Port of Duluth Intermodal Project Underway

The U.S. Department of Transportation’s Maritime Administrator, Chip Jaenichen, today joined Senators Amy Klobuchar and Al Franken, Congressman Rick Nolan, Duluth Mayor Don Ness,

Chile Exporters Fret as Customs Strike Continues

A customs strike in Chile that began last week has started to affect exports and imports, although miners in the top copper producer said this week they have not yet been significantly impacted.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1820 sec (5 req/sec)