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.
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.
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.