Wednesday, October 28, 2015

Partnership Forms New Logistics and Project Cargo Venture

Two Established Companies Link in Indian Ocean
Shipping News Feature
SRI LANKA – MALDIVES – DB Schenker has partnered with Sri Lankan conglomerate, Aitken Spence to form a new subsidiary, DBS Logistics, to solely represent DB Schenker's air, ocean, and project cargo activities in Sri Lanka and the Maldives. By establishing the new network partner, DBS Logistics should enable better integration of services as well as enhanced capabilities and quality of service in the two territories.

Aitken Spence has diversified interests, which include maritime cargo logistics as well as strategic investments and services. A publicly listed conglomerate trading in Sri Lanka since 1868, it is one of the largest logistics service providers in the country. Anders Wallin, CFO of Schenker - Asia Pacific, said:

"DB Schenker has had a long relationship with Sri Lanka since 1980. This new partnership with DBS Logistics marks a new chapter, which will take us to another level of growth in these two important markets, especially benefitting our customers across industries, such as Fashion/Retail, Electronics, Industrial, Healthcare, Automotive, Aerospace and others."