Latest news from Heavy Lift & Project Forwarding International Magazine

Bolloré teams up with CLS in Ethiopia

Bolloré Transport & Logistics has signed a memorandum of understanding (MoU) with CLS Logistics that outlines plans to establish a joint venture in Ethiopia.

Bolloré and CLS will support Ethiopia’s textiles, coffee and infrastructure sectors. The companies will also provide supply chain services for industrial projects.

As part of the agreement, the joint venture plans to invest EUR15 million (USD16.95 million) in a modern logistics hub. The project involves the construction of a 12,000 sq m warehouse.

According to Bolloré, with its experience in port concessions and dry ports in other African countries, the company also intends to support Ethiopian authorities in the modernisation and development of its dry ports.

Bolloré said it will particularly focus on the port of Modjo in order to position it as one of the main logistics hubs in East Africa.

CLS Logistics has been Bolloré’s partner in Ethiopia for more than 11 years.

www.bollore-transport-logistics.com

www.clslogistics.com

Heavy Lift | News

Noatum in MIQ takeover thumbnail image

Noatum in MIQ takeover

March 22 - Noatum Logistics has signed a definitive agreement to acquire USA-based MIQ Logistics. The agreement is expected to close in the coming weeks. 
Views: 619
CMA nears 90 percent stake in Ceva thumbnail image

CMA nears 90 percent stake in Ceva

March 19 - France-headquartered container shipping line CMA CGM is on course to control 89.47 percent of the shares in Swiss freight forwarder Ceva Logistics following a public tender.
Views: 717

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.