Latest news from Heavy Lift & Project Forwarding International Magazine

Latek Logistics welcomed to the Istanbul Stock Exchange

May 4 - One week after launching its IPO (initial public offering), Latek Logistics shares began trading on the Istanbul Stock Exchange.

Latek, a Turkish freight forwarder offered 26.67 percent of its shares to investors on April 20.

After the bell-ringing ceremony, eight million shares started trading under the Latek ticker. Demand during the IPO was strong, with nearly 31.7 million Turkish Liras (USD 21.3 million) were collected from investors with a ceiling price of 3.96 liras per share.

"The logistics sector has a very high potential in Turkey," said Levent Erdoðan, board chairman of Latek. "Currently, the sector has an annual volume of between USD 5 billion and USD 6 billion."

Latek aims to increase this volume by fivefold within five years, as part of the IPO revenue will be used in new investments, Erdoðan added.

The bell-ringing ceremony was also attended by Beyazýt Öztürk, a talk-show host and Demet Akbað, an actress.

Heavy Lift | News

Consortium to develop ro-ro terminal in Port Saïd  thumbnail image

Consortium to develop ro-ro terminal in Port Saïd 

January 20 - Bolloré Transport & Logistics, Toyota Tsusho Corporation (TTC) and Nippon Yusen Kaisha (NYK) plan to invest USD150 million to develop and operate a ro-ro terminal in Port Saïd, Egypt. 
Views: 249
Senior appointments at Kaleido  thumbnail image

Senior appointments at Kaleido 

January 20 - Spain-based Kaleido Logistics has appointed Xosé Martínez as its general director and Beatriz Alvarado as its sales director. 
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MOL boosts services in Thailand thumbnail image

MOL boosts services in Thailand

January 20 - MOL Logistics Thailand (MLG Thailand) is boosting its services in the country to cover inland transport and Customs clearance.
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