Monday, August 4, 2014

Freight Forwarding and Container Shipping Groups Appoint and Acquire

Several Leading Logistics Players Ring the Changes
Shipping News Feature

INDIA – US – GERMANY – CHILE – CHINA – Several moves by freight forwarding and logistics outfits in the past few days starting with the news that the Martin Bencher Group has made an exclusive agency agreement covering India with MB Prolog, launching under the name MB Projects and Logistics (India) Pvt. Ltd. The aim is to develop and extend the group’s current business in the subcontinent.

All-rounder Norbert Dentressangle has announced an agreement with private equity firm Oak Hill Capital Partners to acquire US contract logistics specialist Jacobson. The deal, signed off last week, sees Dentressangle pick up a company founded in 1968 and headquartered in Des Moines, Iowa and one of the largest value-added warehousing 3PL providers in North America.

Specialising in Contract Logistics with 3 million m² of warehousing across 142 sites and with a fleet of 350 tractor units and 1,225 trailers, Jacobson serves more than 1,800 customers in the US with a focus on added-value supply chain services. The deal boosts Dentressangle’s US market position and was announced to coincide with the group’s half year figures.

German group Hamburg Süd has signed a preliminary agreement to buy the container liner activities of Compañía Chilena de Navegación Interoceánica (CCNI). The deal should be finalised by the end of 2014 and will include related general agency functions whilst following the transaction CCNI will continue its non-liner shipping activities, including its car carrier and ship-owning business.

Hamburg Süd said it intended to strengthen its liner network to and from South America by integrating the CCNI liner services and doubtless economies of scale will mean reductions in some areas with a statement jointly issued by the companies saying:

“Merging the dedicated and experienced workforce of CCNI and HSDG will help to create an even stronger organisation that will provide a first-class service to the customers of both companies.”

The news came as Hamburg Süd announced it is opening an office in Nanjing, China to be responsible for all operations in the Yangtze area, the ports of Chongqing and Wuhan, and also Lianyungang. All tasks that were previously carried out by the Ben Line agency will in future be taken over including daily operations, as well as Sales, Customer Order Management and container and Intermodal activities and services to and from Nanjing will be operated using feeder ships from the ports of Shanghai and Ningbo. The group operates from twenty locations in the Greater China region.