July 28 - Allseas Global Logistics is starting an exciting new chapter in its development, following a change in ownership structure.

The company is now wholly owned by managing director Darren Wright, who co-founded Allseas 11 years ago and was formerly the majority shareholder.

Founded and based in Manchester, Allseas has built a strong reputation for its expertise in handling project, heavy lift and out-of-gauge cargoes, as well as FCL/LCL movements on a worldwide basis.

The company says that the change in ownership opens up new opportunities to expand and build on what has already been achieved, particularly as key markets emerge from recession and economic confidence returns.

Wright says: "Taking over 100 percent ownership will enable me to explore new opportunities and continue to develop a number of new ventures under the Allseas brand."

Among these is Allseas' Supply Chain Division, which was launched recently and is expected to lead to growth in the company's Far East activities - including, potentially, opening offices in Hong Kong and elsewhere in China.

Allseas has also launched Allair, a dedicated air freight service; this follows Allseas graining IATA (International Air Transport Association) approval.

"While excited about our expansion plans, we will remain faithful to our roots in heavy lift and project cargo and that will always be the case," says Wright. "We are looking at further expansion into more equipment to serve that sector of the business.