DSV steps up use of HVO

The Saudi Arabia Red Sea port of NEOM and Denmark-based DSV are establishing a joint venture and investing approximately US$10B in it. The company will be responsible for developing new logistics and integrated cargo processing facilities for the port which is undergoing a massive expansion programme and is set to become one of the country’s largest container handling complexes.

Together with DSV’s other buildings in Hedehusene, the new 95,000 m2 warehouse, with office premises, will be part of one of the largest logistics centres in the Nordic Region, boasting an area of 231,500 m2 by the end of 2022.

Duisport is setting planning permission procedures in motion for its Logport VI trimodal distripark

A number of new and enhanced intermodal rail services have been introduced by various European operators

At the third time of asking, Panalpina has agreed to go to the altar with DSV. The combined, Denmark-based entity will be known as DSV Panalpina A/S

Following the rejection of its shares and cash bid of last month, DSV has revised its bid for Panalpina upwards to CHF180 per share, all cash, valuing the Swiss multimodal forwarder at CHF4.3B