ბლოგი

HyNetwork has completed the detailed design phase of its hydrogen network in the North Sea Canal area, marking a key milestone in the project’s development. The project involves the construction of a new hydrogen pipeline and the conversion of an existing gas pipeline to transport hydrogen. Thanks to the detailed documentation, the pipeline locations and installation methods in one of the busiest infrastructure areas of the Port of Amsterdam have now been determined with millimeter precision.

DSV disclosed the cost of integrating DB Schenker, estimating total transaction and integration costs at approximately DKK 11 billion (€1.5 billion). According to the group’s 2025 annual report, the bulk of these costs will be incurred in 2025–2026. The company notes that the integration process is proceeding faster than initially planned, but is accompanied by higher short-term costs. In 2025 alone, DSV wrote off DKK 4.53 billion in special expenses, more than five times the previous year’s figure, putting pressure on net profit despite increased operating profit.

A.P. Moller – Maersk and Hapag-Lloyd have decided to reroute one of their joint services within the Gemini collaboration, diverting it via the Red Sea and Suez Canal with naval escorts throughout. This service, ME11, connects India and the Middle East with the Mediterranean. The changes will take effect in mid-February: on the westbound route, the Albert Maersk will operate, and on the eastbound route, the Astrid Maersk.

The Government of the Republic of Moldova has approved the reorganisation of State Enterprise Calea Ferată din Moldova (CFM), creating a new joint stock company, Moldova Railways – Passengers and Freight (Calea Ferată din Moldova – Pasageri și Marfă), with 100% state ownership. The decision separates railway infrastructure management from passenger and freight transport activities.

The Eurozone HCOB Purchasing Managers’ Index (PMI), calculated by S&P Global, rose to 49.5 in January from 48.8 in December, marking the highest reading in recent months, though the figure remains in contraction territory. Meanwhile, the Industrial Production Index (IPI), which is part of the overall PMI, returned above the threshold and reached 50.5, up from 48.9 the previous month, indicating moderate output growth. At the same time, new orders fell for the third consecutive month.

The Czech State Fund for Transport Infrastructure will allocate about €2.9 billion to rail projects this year, including around €0.8 billion for track maintenance. Additional funding will go to station renewals, level crossing safety (around €30 million) and network electrification.

The European Bank for Reconstruction and Development, together with the International Finance Corporation, is supporting the Cabinet of Ministers of Ukraine in preparing an open and competitive international tender for the concession of the Chornomorsk Port Container Terminal. The EBRD emphasizes that the project is being implemented according to high international transparency standards and is intended to attract private investment to modernize one of the Black Sea’s key ports and improve its operational efficiency.

DSV Group delivered solid financial results in the fourth quarter and for the full year 2025, despite a challenging and volatile market environment. Gross profit in Q4 2025 reached DKK 19.1 billion, and EBIT before special items was DKK 5.6 billion, largely driven by the contribution of the acquired Schenker. For the full year, EBIT before special items was DKK 19.6 billion, revenue increased to DKK 247.3 billion, and adjusted free cash flow reached DKK 16.3 billion, reducing net interest debt by more than DKK 7 billion since the acquisition.