Panalpina eyes Asia Pacific profits

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Panalpina has opened a regional head office for the Asia Pacific region in Singapore as part of a growth strategy for the area.

Marco Gadola, previously Chief Financial Officer has been made regional chief executive Asia Pacific, with the task to utilise the potential of the Intra Asia trade lane.

Panalpina’s long term strategy is to grow business on key Asia trade lanes, especially on the Far
East Westbound, Transpacific Eastbound, Intra Asia, Asia to Latin America and Asia to Middle East trade.

“Globally, we are a big player in ocean freight. Yet we don’t even have a market share of 0.1% of the Intra Asia trade lane. This speaks volumes about the exciting growth potential that we are going after,” said Gadola.

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