GAC has opened up in Guyana in response to demand shipping and logistics support services following the discovery of large reserves of oil and gas in its waters, in 2015.

Orient Overseas (International) Limited (OOIL) subsidiary Gold Talent has entered into the investment and cooperation agreement with Cosco Shipping Logistics and JD Logistics to establish the joint venture for e-commence market expansion.

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.

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