Globe Express Strengthens Local Market Presence

MarineLink.com
Tuesday, May 14, 2013
Mubarak Al Kabir

Market strategy focuses on delivering innovative supply chain solutions that complement Kuwait’s growing reputation as a major logistics hub.


Globe Express Services announced that it has intensified its regional growth plans by providing a full array of innovative supply chain solutions in Kuwait. The company is consolidating its presence in Kuwait to take advantage of the government’s aggressive investments in large-scale logistics and transport infrastructure projects, including the first phase of the $1.2 billion Mubarak Al Kabir Port development that is scheduled for completion in the second quarter of 2014.



The Mubarak Al Kabir Port is just one of the many mega infrastructure development projects being undertaken in Kuwait aimed at reinforcing the country’s status as one of major trade and commerce hubs in the region. In addition, various other projects and changes are being implemented as part of the airport development project: the capacity of the country’s airport will be increased from seven million passengers currently to over 20 million through the construction of the new passengers’ building. Likewise, the volume of air freight in Kuwait International Airport will be increased from 600,000 tons to six million tons per year. According to industry reports, in 2013 air freight tonnage in Kuwait International Airport is expected to grow by 1.8% and is forecast to average growth of 1.4% annually until 2017. Also, this year the total trade real growth is forecast at 3% and to average 4% till 2017.

     

Globe Express Services has been offering integrated supply chain solutions in Kuwait including ocean freight services, land freight services, customs clearance and Air Freight services, while providing local clients access to the GES global network. The Kuwait office serves customers from different industries, including automotive, medical supplies and equipment, furniture and chemical industry.



Mustapha Kawam, Managing Director-Gulf States of GES, said, “Kuwait is fast emerging as a lucrative logistics hub as a result of the government’s aggressive investments in various integrated transport and logistics infrastructure projects. Globe Express Services is therefore stepping up its growth plans in Kuwait, which remains a vital component in our long-term strategy to strengthen the company’s status as one of the best 100 logistics providers worldwide. We are strongly focused on delivering innovative supply chain solutions that empower local and regional businesses to capitalize on Kuwait’s modern transport and logistics facilities and ultimately strengthen their presence in the regional and global markets.”

 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Petroecuador Tenders to Buy 3.84m bbls of Naphtha

State-run oil company Petroecuador has launched tenders to buy a total volume of 3.84 million barrels of naphtha for delivery in the coming month at Esmeraldas,

Voith to Exhibit High Efficiency and DP Systems at SMM

At this year’s SMM in Hamburg, Voith will showcase propulsion systems and vessel concepts focusing on high efficiency and dynamic positioning even under challenging conditions.

Company Fined for Oil Spill Near Anacortes

Ecology issues $112,500 penalty for sunken vessel.   American Gold Seafoods faces a $112,500 penalty for an oil spill caused by the accidental sinking of its vessel,

Logistics

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

Marseilles Fos Reports Mixed First Half

First-half container traffic at leading French port Marseilles Fos totalled 583,287 teu – up 7% on the first six months last year - marked by a 10% increase at the deepsea Fos terminals.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2193 sec (5 req/sec)