syncreon, a provider of highly customized supply chain and integrated logistics solutions, today announced that the Principals of H3 Logistics, LLC have joined syncreon's global organization.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091229/CL30911LOGO )
H3 Logistics is a third-party logistics (3PL) and supply chain engineering company providing solutions to the healthcare industry. Integrating the service offerings of H3 Logistics provides syncreon capabilities to improve the service and cost structure of supply chains for healthcare providers and supply vendors as the need for logistical support extends beyond a health system's acute care setting to their ambulatory care, episodic care, and post-acute care delivery points. It strengthens syncreon's offerings and expands end markets served to include healthcare providers.
Brian Enright, President & CEO of syncreon, said, "This is an important addition to syncreon as we continue our expansion in, and service offerings to, the Healthcare Industry. H3 Logistics services add considerably to our capabilities. It continues to build upon syncreon's core differentiator - flexible and customized solutions for our customers."
About syncreon
syncreon is a global contract logistics and supply chain management company that uses its asset-light business model to provide specialized transportation, inbound, outbound, and fulfillment logistics services. These services are fully integrated into their customers' supply chain and final end-client delivery.
With its operational HQ in Auburn Hills, MI., syncreon has activities in 20 countries, with over 60 facilities and approximately 9,500 employees. syncreon is owned by Irish businessmen Michael & Brian Enright and New York based private equity firm, GenNx360 Capital Partners. For more information please visit, www.syncreon.com .
About H3 Logistics
H3 Logistics is a third-party logistics (3PL) and supply chain engineering company. H3 Logistics designs and implements supply chain solutions for independent hospitals, health systems and collaborations of unaffiliated healthcare providers. www.H3Logistics.com .
About GenNx360 Capital Partners
GenNx360 Capital Partners is committed to delivering superior returns to investors in all its portfolio companies. The firm acquires companies with proven and sustainable business models in expanding industries and implements the required operating changes to deliver cost efficiencies and accelerated growth opportunities. The firm's proven business methodology is based on more than 100 years of partner experience successfully running global businesses.
Friday, January 29, 2010
TTA & UMS Won Accolades for Good Corporate Governance from IOD
Thoresen Thai Agencies Public Company Limited (“TTA”) received an “Excellent” assessment rating from the Thai Institute of Directors Association (“IOD”) for its corporate governance practices, according to TTA President & CEO M.L. Chandchutha Chandratat.
“This is a highly valued testimony to TTA’s efforts to improve our corporate governance practices in line with the best publicly listed companies. We are very proud to receive an ‘Excellent’ rating from the IOD, which assessed more than 290 publicly listed Thai companies in 2009,” said M.L. Chandchutha.
Unique Mining Services Public Company Limited (“UMS”), the coal logistics subsidiary of TTA, received a “Very Good” rating from the IOD as part of the same assessment process.
A number of evaluation criteria were used based on the Organization for Economic Cooperation and Development (“OECD”) and the SET Principles of Corporate Governance, namely 1) The Rights of Shareholders, 2) The Equitable Treatment of Shareholders, 3) The Role of Stakeholders, 4) Disclosure and Transparency, and 5) The Responsibilities of the Board.
“This assessment strongly reflects TTA’s accomplishments in developing a good governance framework. It also highlights our strong Board leadership, professional management and effective partnerships with our stakeholders,” said M.L. Chandchutha.
“TTA and UMS are determined to uphold good corporate governance principles and high professional management standards. Our corporate governance framework is an integral part of our goal to further develop a top-performing diversified business group and ensure the delivery of good long-term returns to our shareholders,” affirmed M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
“This is a highly valued testimony to TTA’s efforts to improve our corporate governance practices in line with the best publicly listed companies. We are very proud to receive an ‘Excellent’ rating from the IOD, which assessed more than 290 publicly listed Thai companies in 2009,” said M.L. Chandchutha.
Unique Mining Services Public Company Limited (“UMS”), the coal logistics subsidiary of TTA, received a “Very Good” rating from the IOD as part of the same assessment process.
A number of evaluation criteria were used based on the Organization for Economic Cooperation and Development (“OECD”) and the SET Principles of Corporate Governance, namely 1) The Rights of Shareholders, 2) The Equitable Treatment of Shareholders, 3) The Role of Stakeholders, 4) Disclosure and Transparency, and 5) The Responsibilities of the Board.
“This assessment strongly reflects TTA’s accomplishments in developing a good governance framework. It also highlights our strong Board leadership, professional management and effective partnerships with our stakeholders,” said M.L. Chandchutha.
“TTA and UMS are determined to uphold good corporate governance principles and high professional management standards. Our corporate governance framework is an integral part of our goal to further develop a top-performing diversified business group and ensure the delivery of good long-term returns to our shareholders,” affirmed M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
Sunday, January 24, 2010
Four Soft and Freight Forwarding Industry Leaders Form Global Alliance to Drive Efficiencies in Logistics Software
Four Soft Limited, India (NSE: "FOURSOFT", BSE 532521), a global leader offering software solutions for transportation and logistics, today announced that it is bringing top players of the logistics industry on a
single platform to form a strategic initiative - FFIFA (Freight Forwarding Industry & Four Soft Alliance).
Leading players like DHL, Geodis Wilson, CEVA, Agility, FedEx and Continental Group have come together for the first time to drive efficiencies in the logistics software deployment. The members will collaborate and collectively suggest the adoption of best practices across the industry.
Kieren Ring, CEO, Global Institute of Logistics, commented, "I have been observing the growth of Four Soft from the past few years and they have the acquaintance with the global logistics players which makes
them the ideal partner to hold this initiative. I am sure this will help the Logistics industry to achieve next level of maturity in their business processes.”
Palem Srikanth, Chairman, Four Soft Limited, commented, "Logistics industry has been facing serious problems due to lack of standardized business processes. It has made them less competitive and led to lack of
control on their IT budgets. We believe this is the right time for leading players of the industry to come together and adopt a collaborative approach to the common industry problems.”
Rajshekhar Roy, CEO, Four Soft Limited, commented, "FFIFA will kick start much needed collaboration and defining common industry standards, resulting in lowering the communication costs among various
players and using IT as a tool of competitive advantage. Four Soft has established market leadership position in the 3PL and the transportation segments and this association will provide a great opportunity to work with industry leaders which enables us to better serve our customer base with enterprise-class software solutions.”
About Four Soft Limited
Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions and IT consultancy services exclusively for the logistics and supply-chain management market place.
With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis-Wilson.
single platform to form a strategic initiative - FFIFA (Freight Forwarding Industry & Four Soft Alliance).
Leading players like DHL, Geodis Wilson, CEVA, Agility, FedEx and Continental Group have come together for the first time to drive efficiencies in the logistics software deployment. The members will collaborate and collectively suggest the adoption of best practices across the industry.
Kieren Ring, CEO, Global Institute of Logistics, commented, "I have been observing the growth of Four Soft from the past few years and they have the acquaintance with the global logistics players which makes
them the ideal partner to hold this initiative. I am sure this will help the Logistics industry to achieve next level of maturity in their business processes.”
Palem Srikanth, Chairman, Four Soft Limited, commented, "Logistics industry has been facing serious problems due to lack of standardized business processes. It has made them less competitive and led to lack of
control on their IT budgets. We believe this is the right time for leading players of the industry to come together and adopt a collaborative approach to the common industry problems.”
Rajshekhar Roy, CEO, Four Soft Limited, commented, "FFIFA will kick start much needed collaboration and defining common industry standards, resulting in lowering the communication costs among various
players and using IT as a tool of competitive advantage. Four Soft has established market leadership position in the 3PL and the transportation segments and this association will provide a great opportunity to work with industry leaders which enables us to better serve our customer base with enterprise-class software solutions.”
About Four Soft Limited
Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions and IT consultancy services exclusively for the logistics and supply-chain management market place.
With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis-Wilson.
ETIHAD TO OPERATE RELIEF CARGO FLIGHT TO HAITI
Etihad Crystal Cargo will operate a special Red Crescent and Khalifa Welfare Foundation charter flight to Haiti on Wednesday 20 January, carrying medical and humanitarian supplies to the earthquake hit country.
The MD11 aircraft, which will use its full capacity of 88 tonnes, will fly first to Casablanca and then onto Santo Domingo in the Dominican Republic. The cargo will be unloaded there and taken to neighbouring Haiti.
The charter flight is part of the “Care By Air” initiative, founded by Maximus Air Cargo, Etihad Airways and Abu Dhabi Airport Services, which provides cargo space ‘at cost’ to deliver relief aid to disaster-stricken areas around the world.
James Hogan, Etihad Airways’ chief executive, said: “Etihad is proud to be able to support the Red Crescent and Khalifa Welfare Foundation as they try to help the people of Haiti to recover from the devastating effects of last week’s earthquake.
“Despite the distance between Abu Dhabi and Haiti, everyone at Etihad Crystal Cargo is committed to ensuring this relief flight carrying vital medicines and food takes place as quickly as possible.”
Ahmed Humaid Al Mazrouei, Chairman of the UAE Red Crescent, said: “Our mission is to mobilise humanitarian forces to aid those in need and the situation in Haiti is probably the worst in the world right now and we need to get help there urgently.
“In these desperate times I am pleased the “Care By Air” partners have been able to work together to bring this much needed help to the people of Haiti.”
Fathi Hilal Buhazza, Maximus Air Cargo’s President and CEO, said: “Maximus Air Cargo is fully committed to "Care by Air" and in helping humanitarian and relief operations across the world.
“As a result we are keen to work together with our partners in helping the Red Crescent and Khalifa Foundation with their shipments to Haiti.”
About Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates based in the UAE’s capital, Abu Dhabi. The airline offers flights to more than 55 destinations in the Middle East, Europe, North America, Africa, Asia and Australia. Etihad Crystal Cargo operates a fleet of three freighter aircraft which includes two Airbus A300-600s and an MD 11. For further details: Etihad Airways Corporate Communications: www.etihadmediacentre.com
FOR TICKETS AND RESERVATIONS, please contact:
Etihad Airways Bangkok Tel: 02-2530099 or BKKTKT@etihad.ae
FOR MEDIA, please contact:
Parisa Chayakula/Maetavarin Maneekulpan
Total Quality PR (Thailand) Co., Ltd
Tel. 02 260 5820 ext. 121/115 Fax 02 260 5847 – 8
E-mail: samui@tqpr.com, mae@tqpr.com
About Maximus Air Cargo
Maximus Air Cargo, an Abu Dhabi Aviation Group company, was established in 2005 to provide tailored solutions for moving outsized cargo. A
fter operating for only just over 4 years in the region, it is now a significant regional air cargo carrier and cargo aircraft wet lease operator, employing more than 175 staff and operating a fleet of eight all-cargo Antonov An-124-100, Airbus A300-600RF, Ilyushin IL-76TD, and Lockheed Hercules L382G aircraft across the Middle East, Europe, Africa and Asia.
Maximus currently runs regular scheduled cargo services on behalf of Etihad Crystal Cargo and is the appointed exclusive air relief support partner for the UAE Red Crescent
The MD11 aircraft, which will use its full capacity of 88 tonnes, will fly first to Casablanca and then onto Santo Domingo in the Dominican Republic. The cargo will be unloaded there and taken to neighbouring Haiti.
The charter flight is part of the “Care By Air” initiative, founded by Maximus Air Cargo, Etihad Airways and Abu Dhabi Airport Services, which provides cargo space ‘at cost’ to deliver relief aid to disaster-stricken areas around the world.
James Hogan, Etihad Airways’ chief executive, said: “Etihad is proud to be able to support the Red Crescent and Khalifa Welfare Foundation as they try to help the people of Haiti to recover from the devastating effects of last week’s earthquake.
“Despite the distance between Abu Dhabi and Haiti, everyone at Etihad Crystal Cargo is committed to ensuring this relief flight carrying vital medicines and food takes place as quickly as possible.”
Ahmed Humaid Al Mazrouei, Chairman of the UAE Red Crescent, said: “Our mission is to mobilise humanitarian forces to aid those in need and the situation in Haiti is probably the worst in the world right now and we need to get help there urgently.
“In these desperate times I am pleased the “Care By Air” partners have been able to work together to bring this much needed help to the people of Haiti.”
Fathi Hilal Buhazza, Maximus Air Cargo’s President and CEO, said: “Maximus Air Cargo is fully committed to "Care by Air" and in helping humanitarian and relief operations across the world.
“As a result we are keen to work together with our partners in helping the Red Crescent and Khalifa Foundation with their shipments to Haiti.”
About Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates based in the UAE’s capital, Abu Dhabi. The airline offers flights to more than 55 destinations in the Middle East, Europe, North America, Africa, Asia and Australia. Etihad Crystal Cargo operates a fleet of three freighter aircraft which includes two Airbus A300-600s and an MD 11. For further details: Etihad Airways Corporate Communications: www.etihadmediacentre.com
FOR TICKETS AND RESERVATIONS, please contact:
Etihad Airways Bangkok Tel: 02-2530099 or BKKTKT@etihad.ae
FOR MEDIA, please contact:
Parisa Chayakula/Maetavarin Maneekulpan
Total Quality PR (Thailand) Co., Ltd
Tel. 02 260 5820 ext. 121/115 Fax 02 260 5847 – 8
E-mail: samui@tqpr.com, mae@tqpr.com
About Maximus Air Cargo
Maximus Air Cargo, an Abu Dhabi Aviation Group company, was established in 2005 to provide tailored solutions for moving outsized cargo. A
fter operating for only just over 4 years in the region, it is now a significant regional air cargo carrier and cargo aircraft wet lease operator, employing more than 175 staff and operating a fleet of eight all-cargo Antonov An-124-100, Airbus A300-600RF, Ilyushin IL-76TD, and Lockheed Hercules L382G aircraft across the Middle East, Europe, Africa and Asia.
Maximus currently runs regular scheduled cargo services on behalf of Etihad Crystal Cargo and is the appointed exclusive air relief support partner for the UAE Red Crescent
Sunday, January 17, 2010
National Air Cargo Investing Resources to Expand Presence in Asia
Company creates sales team and adds toll free numbers program
National Air Cargo is investing resources to expand the company's presence in Asia as part of its strategic plan to enhance growth and develop new business opportunities in the Asian marketplace. The company recently formed a dedicated sales team for Asia and added toll free phone numbers that will be maintained for extended hours through a dedicated call center based in Kuala Lumpur.
"This investment is based on our significant growth in the Asian marketplace which has grown by approximately 50% in just the last year alone," Alan White, regional director, Pacific Rim, National Air Cargo said.
"We are confident that this allocation of corporate resources will provide us with a significant return on our investment in this emerging global marketplace."
The new sales team will be directed by Mr. White, who heads all National Air Cargo's operations in Asia. Hari Subramaniam has been reassigned from Dubai to India to lead the sales efforts there. Haryati Nordin has been hired to assist sales efforts in the commercial and charter markets and will be based in Kuala Lumpur. Also joining the new sales team is Walter Edwards as Business Development Manager and Keiko Takatsu who will serve in the capacity of account executive; both will be based in Japan. Martha Chung has been hired as a Sales Support Executive and will be based in Seoul, Korea, where she will manage the local National Air Cargo office and provide all servicing for the country's shipping clients.
National Air Cargo also launched a toll free number program to provide an added level of convenience for customers who need to schedule a transport or a pick-up delivery. Calls to the new number will be directed to the call center in Kuala Lumpur. The call center will be staffed with trained associates that will be able to manage calls in various languages. The toll free numbers will provide convenience for customers to contact National Air Cargo from anywhere in Asia and schedule shipping, track deliveries, or utilize any of the company's many freight forwarding services.
The toll free numbers are:
- Japan: 010 800 6860 4655
- Korea: 001 800 6860 4655
- India: 000 800 600 1152
- Philippines: 00 800 6860 4655
- Singapore: 800 6860 4655
- Thailand: 001 800 6860 4655
"We are very excited to add these resources to expand our footprint in Asia and we look forward to continued growth in this exciting marketplace," White concluded.
About National Air Cargo:
Since 1991, National Air Cargo has provided high quality and efficient freight forwarding services for many military and industrial customers. The company offers airlift operations with appropriate aircraft with payload options ranging from four tons to 250 tons to countries throughout the world. For more information please visit www.nationalaircargo.com .
About National Airlines
Founded in 1985, National Airlines currently operates three long range intercontinental 45 ton capacity jet freighters. National Airlines is based in Ypsilanti, MI and operates scheduled and on demand cargo charter services.
National Air Cargo is investing resources to expand the company's presence in Asia as part of its strategic plan to enhance growth and develop new business opportunities in the Asian marketplace. The company recently formed a dedicated sales team for Asia and added toll free phone numbers that will be maintained for extended hours through a dedicated call center based in Kuala Lumpur.
"This investment is based on our significant growth in the Asian marketplace which has grown by approximately 50% in just the last year alone," Alan White, regional director, Pacific Rim, National Air Cargo said.
"We are confident that this allocation of corporate resources will provide us with a significant return on our investment in this emerging global marketplace."
The new sales team will be directed by Mr. White, who heads all National Air Cargo's operations in Asia. Hari Subramaniam has been reassigned from Dubai to India to lead the sales efforts there. Haryati Nordin has been hired to assist sales efforts in the commercial and charter markets and will be based in Kuala Lumpur. Also joining the new sales team is Walter Edwards as Business Development Manager and Keiko Takatsu who will serve in the capacity of account executive; both will be based in Japan. Martha Chung has been hired as a Sales Support Executive and will be based in Seoul, Korea, where she will manage the local National Air Cargo office and provide all servicing for the country's shipping clients.
National Air Cargo also launched a toll free number program to provide an added level of convenience for customers who need to schedule a transport or a pick-up delivery. Calls to the new number will be directed to the call center in Kuala Lumpur. The call center will be staffed with trained associates that will be able to manage calls in various languages. The toll free numbers will provide convenience for customers to contact National Air Cargo from anywhere in Asia and schedule shipping, track deliveries, or utilize any of the company's many freight forwarding services.
The toll free numbers are:
- Japan: 010 800 6860 4655
- Korea: 001 800 6860 4655
- India: 000 800 600 1152
- Philippines: 00 800 6860 4655
- Singapore: 800 6860 4655
- Thailand: 001 800 6860 4655
"We are very excited to add these resources to expand our footprint in Asia and we look forward to continued growth in this exciting marketplace," White concluded.
About National Air Cargo:
Since 1991, National Air Cargo has provided high quality and efficient freight forwarding services for many military and industrial customers. The company offers airlift operations with appropriate aircraft with payload options ranging from four tons to 250 tons to countries throughout the world. For more information please visit www.nationalaircargo.com .
About National Airlines
Founded in 1985, National Airlines currently operates three long range intercontinental 45 ton capacity jet freighters. National Airlines is based in Ypsilanti, MI and operates scheduled and on demand cargo charter services.
Saturday, January 2, 2010
TTA christened its newest vessel, the “Thor Friendship”,worth Baht 1,241.20 million, recently at a naming and cord cutting ceremony in Sasebo, Japan
As part of its strategic long-term development plan, Thoresen Thai Agencies Public Company Limited (“TTA”) is modernising its fleet by adding several new vessels. Including the Thor Friendship, TTA owns 36 ships. The Thor Friendship was built by Oshima Shipbuilding Co., Ltd. with Sumitomo Corporation representing the shipyard as sales agent, and is the first of five newly crafted ships to be delivered over the next two years.
M.L. Chandchutha Chandratat, TTA President & CEO, revealed that the Thor Friendship will be the newest and largest dry bulk vessel of TTA’s fleet. “This purpose-built vessel will enable TTA to upgrade its cargo service, speed, capacity, and effectiveness in 2010. Dry bulk shipping is a major part of our Transport Group. Under TTA’s diversification strategy, we will invest in three main business segments: Transport, Energy, and Infrastructure in a continuous and disciplined approach,” said M.L. Chandchutha.
This vessel has a 53,350 deadweight ton capacity and was ordered in December 2006. The Thor Friendship is fully equipped with four cargo cranes, each of which has a safe working load of 36 metric tons. TTA entrusted the ship construction to Nagasaki-based Oshima Shipbuilding Co., Ltd. on the strength of the yard’s reputation for high quality shipbuilding and customer service.
“The building process was completed in 8 months. We are proud to say Oshima applied ultra modern technology at the request of TTA in building this cargo ship, reducing her environmental impact, and improving TTA’s remote monitoring capabilities. Moreover, the Thor Friendship will further enhance the dry bulk business prospects for TTA in line with the current shipping strategy,” added
M.L. Chandchutha.
“Thor Friendship is scheduled to start operating in January 2010 on a world wide basis. Including the Thor Friendship, our fleet averages 18.12 years of age and comprises 36 vessels with an average capacity of 26,887 deadweight tons. We plan to take delivery of another Oshima-built vessel in 2011, which will be part of our overall fleet renewal process and increase operating efficiencies,” said M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
M.L. Chandchutha Chandratat, TTA President & CEO, revealed that the Thor Friendship will be the newest and largest dry bulk vessel of TTA’s fleet. “This purpose-built vessel will enable TTA to upgrade its cargo service, speed, capacity, and effectiveness in 2010. Dry bulk shipping is a major part of our Transport Group. Under TTA’s diversification strategy, we will invest in three main business segments: Transport, Energy, and Infrastructure in a continuous and disciplined approach,” said M.L. Chandchutha.
This vessel has a 53,350 deadweight ton capacity and was ordered in December 2006. The Thor Friendship is fully equipped with four cargo cranes, each of which has a safe working load of 36 metric tons. TTA entrusted the ship construction to Nagasaki-based Oshima Shipbuilding Co., Ltd. on the strength of the yard’s reputation for high quality shipbuilding and customer service.
“The building process was completed in 8 months. We are proud to say Oshima applied ultra modern technology at the request of TTA in building this cargo ship, reducing her environmental impact, and improving TTA’s remote monitoring capabilities. Moreover, the Thor Friendship will further enhance the dry bulk business prospects for TTA in line with the current shipping strategy,” added
M.L. Chandchutha.
“Thor Friendship is scheduled to start operating in January 2010 on a world wide basis. Including the Thor Friendship, our fleet averages 18.12 years of age and comprises 36 vessels with an average capacity of 26,887 deadweight tons. We plan to take delivery of another Oshima-built vessel in 2011, which will be part of our overall fleet renewal process and increase operating efficiencies,” said M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
Asian Countries Agree to Pursue Treaty on Dry Ports to Promote Regional Integration
Transport Ministers Forum concludes first session at ESCAP in Bangkok
Transport ministers from across Asia have agreed to work on a treaty to promote the development of dry ports – inland transport and logistics hubs – to spur intraregional trade and growth.
The agreement came at the end of the first session of the Forum of Asian Ministers of Transport, which concluded today at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok.
In the Bangkok Declaration on Transport Development in Asia, the ministers agreed to develop an intergovernmental agreement on dry ports to provide connectivity and integration of the Asian Highway and the Trans-Asian Railway networks, creating an international integrated intermodal transport and logistics system.
Under the auspices of ESCAP, countries in the region have already adopted two intergovernmental agreements - on the Asian Highway and the Trans-Asian Railway networks - to promote the development and standardization of 141,000 kilometers of roadways and 114,000 kilometers of railways, linking the continent with Europe and serving as arteries for international trade, especially for landlocked countries in the region.
Dry ports will play an important role in integrating modes of transport, reducing border crossing and transit delays, facilitating the use of energy-efficient and lower emission means of transport, and creating new clusters of economic growth and job creation in local areas.
The first session of the Forum brought together 27 countries in Asia. In his opening message on Monday, UN Secretary-General Ban Ki-moon stated that “enhanced regional connectivity is especially important” in addressing development issues.
In her opening address, Noeleen Heyzer, UN Under-Secretary-General and Executive Secretary of ESCAP, spoke of the vital role of the transport sector in providing physical connectivity required for promoting domestic demand and intraregional trade as new sources of growth.
“The economic crisis has shown that relying mainly on exports to western markets comes with inherent risks. Our region will need to diversify the drivers of growth. This must include strategies for promoting increased intra-regional trade and domestic consumption,” said Dr. Heyzer.
The Forum was created by member governments of ESCAP at their annual meeting last April. During the week-long session, delegates discussed issues pertaining to transport development in the region, including the implementation of the Busan Declaration on Transport Development in Asia and the Pacific, and the Regional Action Programme for Transport Development in Asia and the Pacific.
Transport ministers from across Asia have agreed to work on a treaty to promote the development of dry ports – inland transport and logistics hubs – to spur intraregional trade and growth.
The agreement came at the end of the first session of the Forum of Asian Ministers of Transport, which concluded today at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok.
In the Bangkok Declaration on Transport Development in Asia, the ministers agreed to develop an intergovernmental agreement on dry ports to provide connectivity and integration of the Asian Highway and the Trans-Asian Railway networks, creating an international integrated intermodal transport and logistics system.
Under the auspices of ESCAP, countries in the region have already adopted two intergovernmental agreements - on the Asian Highway and the Trans-Asian Railway networks - to promote the development and standardization of 141,000 kilometers of roadways and 114,000 kilometers of railways, linking the continent with Europe and serving as arteries for international trade, especially for landlocked countries in the region.
Dry ports will play an important role in integrating modes of transport, reducing border crossing and transit delays, facilitating the use of energy-efficient and lower emission means of transport, and creating new clusters of economic growth and job creation in local areas.
The first session of the Forum brought together 27 countries in Asia. In his opening message on Monday, UN Secretary-General Ban Ki-moon stated that “enhanced regional connectivity is especially important” in addressing development issues.
In her opening address, Noeleen Heyzer, UN Under-Secretary-General and Executive Secretary of ESCAP, spoke of the vital role of the transport sector in providing physical connectivity required for promoting domestic demand and intraregional trade as new sources of growth.
“The economic crisis has shown that relying mainly on exports to western markets comes with inherent risks. Our region will need to diversify the drivers of growth. This must include strategies for promoting increased intra-regional trade and domestic consumption,” said Dr. Heyzer.
The Forum was created by member governments of ESCAP at their annual meeting last April. During the week-long session, delegates discussed issues pertaining to transport development in the region, including the implementation of the Busan Declaration on Transport Development in Asia and the Pacific, and the Regional Action Programme for Transport Development in Asia and the Pacific.
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