APL Logistics (APLL), a leading global supply-chain management service provider, has teamed up with logistics specialist Christian Salvesen, to provide an integrated end-to-end offering for selected customers.
Utilising APLL’s worldwide capabilities and Christian Salvesen’s comprehensive European network, the 50-50 joint venture will create a new international provider with unique supply chain management capabilities and a strong presence in land-based logistics in key locations.
Chief executive of Christian Salvesen, Stewart Oades said: “This joint venture has great synergy. Our own land-based expertise, coupled with the intercontinental reach of APL Logistics, provides customers with new solutions to their increasingly complex supply chain needs.”
APLL is a subsidiary of the NOL Group, a Singapore-listed global container company. NOL Group’s Europe region president, Dave Appleton, said: “Many of our customers are telling us there is a need for a truly integrated demand and fulfillment service. Through this joint venture, we have brought our respective companies’ core skills, capabilities, assets and technologies together, enabling us to broaden the choices available to customers – and this will translate to increased flexibility and efficiency.”
Both Appleton and Oades said that the joint venture company, to be headquartered in the UK, was the realisation of a strategic objective of both partners in an effort to develop an international service, employing existing capabilities to meet the growing and changing needs of the market.
They said that the joint venture partnership, whose name and structure will be announced in the coming weeks, is a direct response to the globalisation of supply chains. It will not affect the existing relationships that APLL and Christian Salvesen have with their current customers.
“This is about meeting the burgeoning customer demand for a managed end-to-end solution on an international scale – we believe this joint venture offering will have particular appeal to certain customers.” The newly-formed venture is expected to target specific customers in the retail, automotive, consumer electronics and hi-tech markets throughout Europe.