English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Samsung subsidiary expands logistics business

Turkish Cargo HanoiSEOUL: August 19, 2016. Information and communication technology company Samsung SDS (SSDS) says it will enter the Vietnamese market via a joint venture with terminal operator Aviation Logistics Corporation.

Vietnam is the second destination in the company's Southeast Asia expansion plans. Last month it set up a similar joint venture with Thai Customs broker Acutech.

Samsung Electronics, SSDS's largest customer, exported US$32 billion to Vietnam in 2015, 20 percent of all Korean exports to the country. According to SSDS, it handles about 40 percent of cargo traffic through Hanoi.

The joint venture with ALS will enable SSDS to leverage its partner's customer base and provide integrated logistics services throughout the country - including global and inland transportation, warehousing and Customs brokerage.

"Considering ALS's local network and diverse business capabilities we decided that Vietnam was the most optimized partner for Samsung SDS," said Kim Hyung-tae, executive vice president of smart logistics business unit at Samsung SDS. "With this agreement we will continue to expand our business in the Southeast Asian market."

ALS set up the first off airport freight terminal in Vietnam in 2007. In May this year it began handling for Turkish Cargo (above) and its twice-weekly A330-200 freighter service to Hanoi.

More News

Written on 19/07/2017, 21:52
dhl-vietnam-delivery-goes-electricHO CHI MINH City, Vietnam: July 17, 2017. DHL eCommerce has launched a nationwide domestic delivery operation including the use of electric motorbikes for...
Written on 18/07/2017, 20:18
bahri-and-bollore-build-a-businessRIYADH: July 18, 2017. The National Shipping Company of Saudi Arabia (Bahri) is setting up a joint venture with Group Bolloré to provide end-to-end...
Written on 18/07/2017, 16:22
seatrade-and-cma-cgm-to-launch-reefer-serviceMARSEILLE/ANTWERP: July 17, 2017. CMA CGM and ocean reefer specialist Seatrade are to begin a vessel-sharing agreement for perishables in October...
Written on 17/07/2017, 13:12
freightweek-news-update-week-29ATLANTA/CHICAGO: July 20, 2017. Coyote Logistics, a business unit of Atlanta-based UPS, is investing US$6 million in a new 48,000 square foot...
Written on 14/07/2017, 19:37
successful-first-test-for-hyperloop-oneNEW YORK, July 12, 2017 Hyperloop One has completed the first test of its vacuum transport system with a vehicle coasting for 5.3 seconds using magnetic...
Written on 13/07/2017, 20:12
istanbul-new-airport-signs-250-million-cargo-contractsISTANBUL: July 12, 2017. İstanbul New Airport has signed 25-year leases valued at €250 million with six cargo operators. MNG, PTT, Çelebi Ground...
Written on 11/07/2017, 21:40
turkish-airlines-continues-support-for-new-albania-airlineISTANBUL: JULY 10, 2017. M. İlker Ayci, chairman of Turkish Airlines, said the expected downsizing of Italian airline services to Albania creates a "high...
Written on 11/07/2017, 20:22
freightweek-news-update-week-28AMSTERDAM: July 14, 2017. SkyTeam, the global airline alliance, has appointed Nico Van der Linden as vice president Cargo from July 01, 2017. Read...
Written on 11/07/2017, 19:53
expanding-pharma-future-for-amerijetFORT LAUDERDALE, FL: July 11, 2017. Amerijet International has announced it is the first U.S. all-cargo airline to earn IATA's CEIV- Pharma...
Written on 10/07/2017, 22:46
rembrandt-returns-from-russiaAMSTERDAM: July 10, 2017. KLM Cargo is to deliver 63 Dutch Masters, including six Rembrandts, from the State Hermitage Museum in St Petersburg to the...
Written on 10/07/2017, 22:01
delta-creates-certified-pharma-networkATLANTA: July 10, 2017. Delta Cargo has become the first U.S. major carrier to be awarded IATA's Center of Excellence for Independent Validators (CEIV)...
Written on 09/07/2017, 22:24
cosco-shipping-buys-orient-overseasSHANGHAI/HONG KONG: July 09, 2017. COSCO Shipping Holdings and the Shanghai International Port Group (SIPG) are to acquire Orient Overseas International...
Written on 06/07/2017, 22:21
swiss-link-germany-to-belgium-and-hollandFRENKENDORF, Switzerland: July 06, 2017. Container handling and logistics company Swissterminal has begun a new Swisstrain box service to the Port of...
Written on 06/07/2017, 21:21
tnt-makes-progress-in-petya-recoveryMEMPHIS: July 06, 2017. FedEx reports most services from its TNT subsidiary are now available with all depots, hubs and facilities open, operational and...
Written on 05/07/2017, 22:35
luxembourg-says-it-with-flowers-hola-quitoQUITO, Ecuador: July 05, 2017. Cargolux Airlines has added Quito to a four-times a week roundtrip B747 freighter service that links Luxembourg, Curitiba...
Written on 05/07/2017, 21:14
cma-cgm-cuts-debt-with-sale-of-los-angeles-terminalMARSEILLE: July 03, 2017. CMA CGM is selling a 90 percent stake in its Global Gateway South (GGS) terminal at the Port of Los Angeles to EQT...
Written on 03/07/2017, 17:04
freightweek-news-update-week-27QINGDAO, China: July 06, 2017. Parallel car importer Shandong High Speed Qingdao West Coastport Co. Ltd. has appointed GAC China to handle the upstream...
Written on 30/06/2017, 19:59
maersk-restoring-network-after-petya-attackCOPENHAGEN: June 30, 2017. A.P. Møller-Maersk reports "great progress" in restoring its IT infrastructure following the 'Petya' ransomware cyber attack on...
Written on 28/06/2017, 23:09
antwerp-tests-blockchain-for-container-handlingPORT OF ANTWERP: June 28, 2017. Blockchain technology start-up T-Mining has begun a pilot project with MSC to make container handling at the port more...
Written on 28/06/2017, 19:31
kerry-launches-eurasia-rail-consolidation-serviceHAMBURG: June 28, 2017. Hong Kong-based 3PL Kerry Logistics has launched a weekly consolidation rail service between Duisburg, Germany and Shanghai via...

- powered by Quickchilli.com -