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    SDK FREJA has navigated a year marked by uncertainty and volatility in the shipping and logistics markets,
    delivering revenue of DKK 6.3 billion in 2024/25. This resulted in an EBIT of DKK 241.5 million.

    SDK FREJA concludes its 2024/25 financial year with a robust performance across the Group.
    This result reflects the company’s adaptability in markets that, like in previous years, have
    been marked by uncertainty and external factors.

    Geopolitical tensions and macroeconomic headwinds have led to declining demand for
    shipping and logistics in most of the SDK FREJA Group’s key markets. Nevertheless, SDK
    FREJA Group managed in 2024/25 to increase volume and activities in both the Shipping and
    Logistics divisions.

    ”Our strong results are driven by a clear strategic direction, consistent customer focus, a
    strong ability to adapt as an organisation, and the dedication and market insight of our
    employees. This fosters close collaboration with customers and partners, which has
    strengthened our position as a trusted partner in both shipping and logistics,” says Group CEO
    of SDK FREJA, Søren Gran Hansen.

    Exceeds own expectations
    Revenue for 2024/25 grew by more than 6% compared to the previous financial year and
    surpassed the expectations set at its outset. Likewise, the realised EBIT of DKK 241.5 million
    exceeded initial expectations.

    ”It is very positive that both our Shipping and Logistics divisions have delivered higher revenue
    than in 2023/24 and above our expectations. Likewise, EBIT in both divisions has also
    exceeded our expectations. The overall activity level in Shipping and Logistics has increased,
    which is satisfactory considering the weak macroeconomic conditions in most of our key
    markets and the high pressure on prices,” says SDK FREJA’s Group CEO.

    According to the Søren Gran Hansen, the company's ability to outperform its own
    expectations and defy the trend in the SDK FREJA's key markets is due to its dedicated
    employees, strong customer relationships, and a willingness to invest in new developments.

    ”Our customers and employees remain at the heart of everything we do, and we continue to
    build on our long-term relationships and tailored solutions. We are continuing to invest in
    automation and AI to enhance our efficiency and respond more proactively to changing
    market dynamics and customer demands,” says Søren Gran Hansen.

    Momentum in core activities
    Following a challenging 2024/25, both the Shipping and Logistics divisions view the results as
    a clear testament to the strength of sustained focus on core activities, customised solutions,
    and close collaborations between the business activities.

    ”We have maintained our focus on getting even closer to our customers and collaborating to
    find tailored solutions across our activities. At the same time, our Shipping division has
    successfully sustained strong momentum in our core business and attracted new, promising
    opportunities,” the CEO for Shipping Division, Lars Jespersen, notes, with Ulrik Rasmussen,
    CEO for Logistics Division adding:

    ”In our Logistics division, we see this year’s result as a clear confirmation of our continued
    focus on delivering reliable and value-adding solutions to our customers. We have
    strengthened our full-service logistics offering and increased collaboration across segments.
    Everything we do is aimed at creating real value and making logistics simple and seamless for
    our customers,” says Ulrik Rasmussen.

    Fact box:

    About SDK FREJA:
    SDK FREJA Group is a full-service logistics and shipping company and one of the few
    independent and privately owned local mid-sized logistics and shipping companies. With
    +1,400 employees in eight countries the focus is on providing one entry point for a consistent
    and effective solution within the business areas.

    SDK FREJA Group is part of the Danish, family-owned United Shipping & Trading Company
    (USTC). USTC holds a portfolio of activities that include oil & energy, shipping & logistics, ship
    owning, risk management, car activities, IT and sustainable energy, and is represented in 38
    countries with over 160 offices and more than 4,500 employees.

    For additional information or to set up an interview, please contact:

    MADS INGEMANN JØRGENSEN
    Communications Consultant
    Group Communications
    Mobil +45 2779 6787
    press@ustc.dk



    Congestion in several ports in Belgium, Germany, and the Netherlands has led to an increased risk of delays. Several ports have been affected, including Antwerp, Hamburg, and Rotterdam.

    Longer transit times are a result of the congestion. The main cause of the congestion is driven by delays in berthing, with some ships experiencing a waiting time of 7-10 days for a free berth. Several factors have contributed to the current situation, including labor shortages, low terminal capacity, strike activities, and limited inland transport together with the implementation of the new shipping alliances.

    Emergency measures against the congestion, such as adjusting the prioritization of quay spaces, have been implemented. These measures also result in extended transit times of 10-14 days. As a further consequence, the transit time from Northern Europe to the Arabian Gulf will increase from the usual 40-45 days to 55-70 days, and in some cases up to 90 days.

    Belgium

    Antwerp is still experiencing significant after-effects following a nationwide strike. Several of the quays are critically overloaded. The waiting time for barges is on average 103 hours. Truck spaces are also limited. The container opening has been reduced from 7 to 5 days before ETA, requiring interim storage of containers. Antwerp is heavily disrupted due to the congestion, delayed vessels and the reshuffling of the new shipping alliances.

    Germany

    German ports are affected by ship delays and delivery restrictions, but Bremerhaven and Wilhelmshaven are operating relatively well. In Hamburg, MSC's move to CTB has created complications with waiting times and high load as a result. Eurogate has had a positive effect from the change, but there is still some waiting time.

    Netherlands

    Rotterdam is struggling with staffing shortages, creating bottlenecks at Delta II. APM Terminals Maasvlakte is functioning well despite high load. RWG is experiencing delays due to congestion.

    For questions or more information, please contact your contact person here at FREJA.

    We apologize for the inconvenience this causes and hope for your understanding.

    David Nielsen
    Head of Business Development Air & Ocean

    +45 5234 5457
    dni@freja.com



    12.06.25

    The Swedish Dockworkers’ Union has announced further strike notices at Swedish ports if no new agreement is reached. A new mediation session is scheduled for June 12.

    The following announced actions apply specifically to the Gothenburg RoRo terminal:

    • Strike on June 19: from 10:45 a.m. to 5:30 p.m.

    • Strike on June 22: from 12:00 a.m. until 12:00 a.m. on June 24.

    • Overtime and extra time blockade: from 12:00 a.m. on June 20 until 12:00 a.m. on June 24.

    More information about the strike and the additional affected ports can be found via Transportföretagen (in Swedish).

    ________________________________________________________________________________________________

    27.05.25

    The conflict between the Swedish Dockworkers' Union and the Ports of Sweden is not yet over. The strike continues across the country until a new agreement is signed.

    The measures announced below are specific to the Gothenburg RoRo port: From today until Sunday, June 1, there is a temporary pause in the strike between the Swedish Dockworkers' Union and the Ports of Sweden in the Gothenburg port. This means that we can expect somewhat normal operations until Sunday at 4:00 PM when the Dockworkers' Union has announced a new strike until June 3 at 11:00 PM.

    However, we want to make you aware that Ascension Day falls on Thursday, May 29, with limited port operations.

    We thank you for your patience and understanding during these times.

    ________________________________________________________________________________________________

    21.05.2025

    Strike called off for certain dock workers.
    An agreement was signed between Sveriges Hamnar and the Transport union on Tuesday evening. However, the strike notice from the Dockworkers’ Union remains in effect.

    We have some cancelled departures for the remainder of the week. Please contact your FREJA representative for information specific to your shipments.

    ________________________________________________________________________________________________

    We want to inform our customers about a strike notice for Swedish ports that may affect our traffic. The strike is planned to start on May 21 and may impact transport to and from Germany, the UK, Ireland, and via Ghent to the Benelux, France, Spain, and Portugal.

    The Swedish Transport Workers' Union and the Swedish Dockworkers' Union have submitted a strike notice. The Dockworkers' Union plans a full strike on May 21 from 12:00 PM to 6:00 PM and a longer strike from May 22 to May 26. The Transport Workers' Union has announced a blockade from May 21 and possible actions in various ports from May 30 to June 15.

    These actions may affect import and export flows, particularly via the Gothenburg RoRo port. In the event of a strike, we can expect delays and/or need to reroute our paths, which may lead to additional costs.

    We thank you for your understanding and will keep you updated on the situation here on our website.

    Please contact your usual FREJA contact for questions and inquiries.

    David Nielsen
    Head of Business Development Air & Ocean

    +45 5234 5457
    dni@freja.com



    From a local office in Skive, Denmark, to a global transport and logistics provider

    On this date in 1985, FREJA opened its doors in the city of Skive. FREJA started out with 10 trucks, offering door-to-door transport services to and from Norway, Sweden, and Germany. 40 years have passed, and FREJA now employs over 1,100 people across seven countries. It has been quite the journey, and we are proud to be a global full-service provider, offering a wide range of services, including road transport, air freight, sea freight, project forwarding, warehousing, pharma & healthcare logistics, 4PL services, and customs clearance.

    A motto that has stuck with FREJA since the very beginning is “We keep our promises.” It is important to FREJA to deliver the services that our customers need and to deliver on time. This is only possible thanks to our dedicated employees, who have created a stable foundation for the business. We are proud that many of our employees have been with us for several years, with some even being with us since the very beginning and celebrating their 40-year anniversaries this year.

    FREJA’s Group CEO, Ulrik Rasmussen, says: “We have crossed many milestones over the years, experienced ups and downs, but in the end, it all comes down to the people we have been lucky to work with both inside and outside the organization. We owe our success to our trusted customers, professional partners, and not least our dedicated employees. Therefore, I wish to express my gratitude to everyone who has been a part of our journey and supported us all the way.”

    As we look to the future, FREJA will continue to develop and adapt to a world in motion, delivering reliable, innovative, and high-quality transport and logistics services. We are excited about the opportunities ahead and remain dedicated to delivering valuable solutions and exceptional service to our many customers.

    Here's to the next 40 years of growth and success together.

    Ulrik Rasmussen
    Group CEO
    +45 9670 5330
    +45 5234 5330
    ura@freja.com



    Today marks one year since our new and modern terminal and logistics center in Jönköping, Sweden, opened!

    Niclas Andersson, Head of Logistics at FREJA Sweden, says: "Over the past year, we have been very busy moving and settling into our new environment and routines, but we’ve enjoyed every step of the way. We are very proud of our comprehensive logistics setup in Jönköping, as we can offer customized solutions and top-notch service to our customers."

    Jönköping's strategic and accessible location allows FREJA to offer cost-effective solutions and act as a flexible partner in the supply chain. We cater to all types of customers, providing services like storage, customs handling, private deliveries, and pick & pack, among others. The possibilities here are endless.
    If you want to know more about our logistics solutions, please find more information on our website or feel free to contact your local FREJA representative or Niclas Andersson.

    Niclas Andersson
    Head of Logistics Sweden & Branch Manager
    +46 36 18 13 60
    +46 76 308 89 60
    nia@freja.com



    Since 1985, we have been located at Viborgvej 52 in Skive, but now it's time to move to better and more modern facilities. Therefore, we are pleased to announce, that FREJA will officially relocate on March 14th, 2025.

    Our new location will be:

    Torvegade 8E
    7800, Skive
    Denmark

    From this date, all inquiries to FREJA Transport & Logistics A/S and FREJA Transport & Logistics Holding A/S should be directed to this new address.

    For any inquiries, please contact your usual contact person or write to finance.dk@freja.com.



    The Finnish Transport Workers' Union (AKT) is supporting the Industrial Union’s collective agreement negotiations by implementing port handling blockade measures. The blockade will commence on January 27 at 06:00 and conclude on February 1 at 16:00.

    These measures are expected to cause delays and disruptions in international transport. Although the exact extent of the impact remains uncertain, we advise our customers to anticipate possible delays in deliveries.

    The blockade applies to all Finnish ports and affects the handling of goods and raw materials for specific companies in the technology and chemical industries.

    The companies affected by the blockade are listed in AKT's official announcement. However, the measures do not apply to transports that may pose a risk to life, health, or the environment.

    We thank our customers for their understanding and patience during this exceptional situation.

    FREJA is closely monitoring developments and will provide further updates as needed.

    For additional information, please contact your FREJA representative.



    FREJA is thrilled to participate in the WCA Conference in Dubai, UAE, from February 22 to March 1.

    This global event gathers industry peers and potential partners from around the world to network, explore collaboration opportunities, and share knowledge. With approximately 4,500 attendees from over 180 countries, it will be the largest logistics networking conference ever held, offering FREJA a significant opportunity to showcase our products and solutions and enhance our global visibility.

    The WCA Conference features one-on-one meetings and numerous social networking events, allowing attendees and businesses to connect with potential partners and gain insights into local opportunities and challenges worldwide.

    FREJA’s representatives are excited to meet with industry professionals and look forward to exploring new trends and business opportunities at the WCA Conference.

    Visit FREJA at booth A26. If you wish to schedule a meeting, please use the following links:

     

    NAME JOB TITLE COUNTRY MEETING ID
    David Nielsen Head of Business Development Air & Ocean Group [ID#1324]
    Torben Stenshøj Head of Department Air Freight Denmark [ID#1327]
    Jan Klock Bjorndal Seafreight Manager Norway [ID#1620]
    Petter Lossius Airfreight Manager Norway [ID#1313]
    Diana Birgersson Head of Department Air & Sea Sweden [ID#1602]
    Jaakko Havia Air Freight Operation Manager Finland [ID#716]
    Petri Stromberg Air Freight Manager Finland [ID#717]
    Rex Cai Business Development Manager China [ID#3241]

     

    See you at the WCA Conference!

    David Nielsen
    Head of Business Development Air & Ocean

    +45 5234 5457
    dni@freja.com

    Torben Stenshøj
    Head of Department Air Freight, Denmark
    +45 9670 5250
    +45 5234 5250
    tos@freja.com

    Jan Bjørndal
    Region Director South Norway / Seafreight Manager
    +47 38 90 94 04
    +47 918 58 034
    jbd@freja.com

    Petter Lossius
    Manager Air Freight Norway
    +47 22 07 50 31
    +47 410 34 052
    pel@freja.com

    Diana Birgersson
    Head of Department Air & Sea Sweden
    +46 42 495 00 60
    +46 73 398 70 10
    dbi@freja.com

    Jaakko Havia
    Air Freight
    Operation Manager
    +358 40 013 4542

    jaakko.havia@freja.fi

    Petri Strömberg
    Air Freight Manager
    +358 40 013 4541

    petri.stromberg@freja.fi

    Rex Cai
    Business Development Manager
    +86 180 1790 4771
    +86 180 1790 4771
    rca@freja.com



    The Port of Holyhead is the major freight gateway to and from Ireland. Storm Darragh caused severe weather problems on December 7 and 8, which inflicted damage to the Port of Holyhead. Authorities have been working around the clock to solved issues so the port could reopen, but in vain.

    Regrettably, we must now inform you that the port will remain closed until January 15, 2025. This will have a significant impact on freight customers and passengers in general.

    We understand the frustration this disruption causes and assure you that we are working hard to offer the best alternative options.

    We sincerely apologize for this inconvenience and thank you for your patience as we work through this disruption.

    For further information, please contact your representative at FREJA.