Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
Major changes are underway at the Kieserling Group. On 1 January 2013, the long-standing, Bremen-based enterprise will merge with the owner-operated Indian logistics service provider Compass Ocean Logistics to form Compass Logistics International AG with 40 branches in 18 countries. The new company will have dual headquarters in Bremen/Germany and Dubai/UAE.
Up until now, the Kieserling Foundation, set up by the owner Karsten Kieserling who died in 2006, has held a majority shareholding in the Group. The Group’s business activities include ground transportation, contract logistics and project development. To date, the new partner company Compass Ocean Logistics has been particularly active in the Middle East and in India. Its business is focused on freight forwarding (sea & air), ground transportation, project logistics, customs clearance, warehousing, tank container leasing and tank operations connected to a global agency network.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article