On 11 June 2026, DSV told analysts it had integrated 30% of DB Schenker, the German forwarding business it bought for EUR 14.3 billion in an all-cash deal that closed on 30 April 2025. CEO Jens Lund guided full-year 2026 EBIT to between DKK 23 billion and DKK 25.5 billion, USD 3.63 billion to USD 4 billion, including at least DKK 4 billion, USD 630 million, of incremental synergy impact from the merger. Source: The Loadstar, 'DSV says Schenker can deliver, as integration progresses, at a...

Most coverage of the Strait of Hormuz describes it as a chokepoint and moves on. What it rarely explains is why the strait is structurally irreplaceable, what happens to a loaded tanker whose route is suddenly blocked, or why the risk to LNG exporters is categorically worse than the risk to crude oil exporters during any disruption. I managed vessel operations in this region at ADNOC. VLCCs transited the strait as a matter of operational routine. Insurance management, charterparty war risk...

Ownership and operation are two different things in LNG shipping, and conflating them produces rankings that mislead more than they inform. Nakilat, the Qatari state vehicle, technically owns over 70 LNG carriers through its fleet structure. But Nakilat does not commercially operate most of them. Shell does. MOL does. NYK does. The rankings below reflect who is directing commercial and technical operations, not who holds title in a registry. That distinction matters if you want to understand...