While continuing to grow its port's business terminal operator PSA International will also broaden its business to other areas of the supply chain with an aim to co-create the Internet of Logistics.

Chinese dry bulk shipping company Sinotrans & CSC Phoenix sold its 28% stake in Chongqing Xingang Changlong Logistics Company to bolster cashflow.

CEVA Logistics is expected to apply for a delisting from Switzerland’s stock exchange, following CMA CGM completing the acquisition of 89.47% shares in the Swiss freight forwarder.

Japan’s Mitsui OSK Lines (MOL) announced that MOL Chemical Tankers has acquired a 20% stake in Rotterdam-headquartered chemical logistics firm Den Hartogh Holding from Den Hartogh Beheer.

China’s top container carrier Cosco Shipping Lines signed a strategic Memorandum of Understanding with Africa-based Bolloré Transport & Logistics to develop new opportunities in transport, logistics and port infrastructure.

Maersk has announced the acquisition of a customs brokerage and logistics US firm Vandegrift Inc. to strengthen and broaden the group’s service offering to customers.

Vision 2030 is indeed a remarkable document. The ambitious programme seeks to completely transform the economy of the Kingdom of Saudi Arabia, reducing its dependence on oil exports.

Since its establishment in 1976, the Dammam-based Globe has  grown  into one of Saudi Arabia’s  leading marine services groups, with a diversified portfolio that includes shipping, logistics, transportation, port operations, logistics, operations and maintenance, container terminals, petrol and chemical plants, restaurants, real estate and retail fashion brands.

A state-of-the-art 100,000 sq metre logistics facility has been opened near King Abdulaziz Port in Dammam by Kanoo Logistics, part of the Yusuf bin Ahmed Kanoo Group. The multipurpose facility includes a 10,000 sq m warehouse, as well as 500 sq m of elevated staging area and 5,000 sq m of parking space.

An established logistics service provider with a history of landmark logistics projects, LogiPoint is the brainchild of two established industry leaders, SISCO and the Xenel Group; and is a sister company of Red Sea Gateway Terminal (RSGT). Its slogan line is “We go one step further”.

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