June 14 - Kerry Logistics has invested in Dubai-headquartered Globalink Logistics, a freight forwarding group which has operations spanning across the Commonwealth of Independent States (CIS), forming a joint venture in the region.
The partnership will see Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Ukraine and Uzbekistan added to Kerry Logistics' global network.
According to the Hong Kong-headquartered freight forwarder, leveraging the booming trade between China and Europe, Kazakhstan is expected to benefit most from the increasing transit cargo flow along the trade lanes.
William Ma, group managing director of Kerry Logistics, explained that the joint venture is part of the company's development strategy, which aims to capitalise on the opportunities from the One Belt One Road (OBOR) initiative.
"While we will continue to develop an overland transportation network for road, rail and multimodal freight services from China to Central Asia and Europe, we will also build upon our expertise in project logistics within our global network to exploit new business opportunities," added Ma.