Latest news from Heavy Lift & Project Forwarding International Magazine

Panalpina takes a stake in Carelog

May 3 - Panalpina World Transport has acquired a majority stake in Carelog Freight Service, a Danish freight forwarding and logistics company.

According to Panalpina, the two companies complement each other ideally in terms of geography, product strengths and customer mix. While Carelog is strong in ocean freight, Panalpina is traditionally strong in airfreight. The merged company will employ approximately 70 people across six locations in all regions of Denmark.

"We want to increase our market share in Denmark," says Stefan Karlen, Panalpina's ceo.

Volker Boehringer, regional ceo Europe at Panalpina, added: "Panalpina and Carelog together create a respectable mid-sized freight forwarding and logistics company in Denmark and provide a solid foundation for further growth."

According to Panalpina the acquisition is in line with its global growth strategy.

Panalpina will also acquire the Kenya-based company, Air Connection, a forwarder specialised in the export of flowers and vegetables. The companies reached an agreement on May 2, 2017, two weeks after Panalpina formally announced the launch of its global perishables network


Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
Views: 272
Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 240
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 206

Heavy Lift Across The World

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