DENMARK's DSV anticipates that disruptions to Red Sea shipping will positively impact its earnings, with the volume growth observed in the second quarter expected to persist in the coming months, the company has announced, leading to a boost in its share price, reports Reuters.
The world's third-largest forwarder reported increased volumes, particularly in electronics and fashion retail, and continued to gain market share in its sea, air, and road divisions during the second quarter.
'It's the higher volumes that have created the momentum for us. And we expect good growth in our volumes going forward,' said CEO Jens Lund.
'It looks like the destocking, where customers brought down their inventory, has come to an end. Now I think there is a greater connection between what is consumed and what is produced.'
SeaNews Turkey
The world's third-largest forwarder reported increased volumes, particularly in electronics and fashion retail, and continued to gain market share in its sea, air, and road divisions during the second quarter.
'It's the higher volumes that have created the momentum for us. And we expect good growth in our volumes going forward,' said CEO Jens Lund.
'It looks like the destocking, where customers brought down their inventory, has come to an end. Now I think there is a greater connection between what is consumed and what is produced.'
SeaNews Turkey
