We are pleased to announce that the Board of Scan Global Logistics A/S (SGL) has appointed Mr. Jesper Nielsen to the CEO of Scan Global Logistics’ Group of companies. Mr. Nielsen is expected to join our company as of February 1st, 2016.

Some terminals at the port has resumed operations, but it is still too early to predict the recovery time of vessel operations since many indispensable facilities have been damaged.

Scan Global Logistics continues to grow. Revenues in 2014 were up 17% over 2013 and Operating Profits (EBITDA) increased by more than 50%. For the coming years the company plans to strengthen its network further by opening up for acquisitions in key markets.

We still suggest to our customers to do factory loading (export) instead of terminal loading during these two weeks, since the port terminal is not yet fully operational.

On June 17, Scan Global Logistics Holding ApS (“Scan Global”) successfully placed a DKK 375 million senior secured bond loan. The bonds, maturing in 2018, will bear a floating coupon of 3 months Cibor +7.00% (paid quarterly). The proceeds from the bond issue will be used to refinance existing debt. The bonds will be listed on NASDAQ within one year from the issue date.