UPS has launched a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turkey and some portions of Central Asia. UPS will have a majority stake in the new venture, while Unsped Paket Servisi San ve Ticaret, its existing service agent in Turkey, will have a minority stake. “This joint venture will spearhead growth among our other service agents and … [Read more...] about UPS launches JV in Turkey
joint venture
Schenker expands in ME with Egyptian JV
DB Schenker has announced a new joint venture in Egypt with DB Schenker’s long-time partner, ITS International Transport Service Ltd. “The new company is a further important new hub within DB Schenker’s worldwide network. This step will enable us to provide even better, high quality end-to-end solutions across the entire process chain in this very promising growth market,†said Schenker AG Board member responsible for Contract Logistics/Supply Chain … [Read more...] about Schenker expands in ME with Egyptian JV
New India JV for GeoPost & Continental Air Exp
GeoPost, the express parcel arm of French Groupe La Poste, and Continental Air Express Pvt Ltd, an associate company of India-based Continental Carriers Group, have announced a new joint venture company based in New Delhi. The new company will be called DPD Continental Pvt. Ltd and will offer inbound and outbound express parcel services under the DPD brand to customers in India. GeoPost Intercontinental, the international expansion arm of GeoPost, will hold a 60 per cent stake while the … [Read more...] about New India JV for GeoPost & Continental Air Exp
New logistics park for Abu Dhabi’s Al Ain airport
Abu Dhabi Airports Company (ADAC) has announced a joint venture agreement with Helios SinoGulf Property Development LLC to develop a logistics and business park under free zone regulation adjacent to Al Ain International Airport. The development will cover 650,000 square metres and will include office space, distribution centres, light industrial units, freight forwarding stations and supporting facilities in a business park, that will cater to the needs of air cargo, aerospace, and related … [Read more...] about New logistics park for Abu Dhabi’s Al Ain airport
DHL ups capacity on its Asia Air Network
Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110-tonne capacity Boeing 747- 400F will replace the current 45 tonne capacity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central … [Read more...] about DHL ups capacity on its Asia Air Network
Agility to support Chevron’s Gorgon Project
Agility Project Logistics has announced that it has entered into an A$250 million (US$200 million) agreement with Chevron Australia Pty Ltd for supply base operations and transportation services to support the Gorgon Project. The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron (Operator), Exxon Mobil and Shell, to develop the Greater Gorgon gas field located between 130 km and 200 km off the north-west coast of Western Australia. The Greater Gorgon gas fields … [Read more...] about Agility to support Chevron’s Gorgon Project
