EnergyWatch

Vestas, DSV Panalpina reduce scope of exclusive transportation deal

The two companies now limit the scope of the large transportation agreement signed early last year. DSV Panalpina's CEO declines to comment the economic significance of this, also dispelling the notion that any of the parties were dissatisfied with the collaboration.

Photo: Stine Bidstrup/ERH

In January 2020, logistics group DSV Panalpina and wind OEM Vestas signed a major contract, a strategic partnership, with the former hired to handle all general freight for the latter's projects for a period of three years.

The term of that deal is now shortened to one and a half years, both DSV Panalpina confirm in comment to EnergyWatch's sister media, MobilityWatch.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

EU to address stalled Danish nearshore wind project

Developer European Energy has received a positive response from the EU regarding project Omø Syd, which is currently on hold due to considerations over migratory birds. The European Parliament has now requested that the Commission launch an investigation into the matter.

Board reshuffle to boost Obton

The Danish solar investor has appointed new board members and now aims to quadruple its photovoltaic business ahead of 2025.

Seadrill secures comprehensive restructuring deal

John Fredriksen's strained drilling company Seadrill has settled a comprehensive restructuring agreement with a majority of its lenders, which among other things reduced the company's debt liabilities by almost USD 5bn.

Further reading

Related articles

Trial banner

Latest News

See all jobs