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

Japan joint-venture for Rhenus

Yokohama, Japan/Holzwickede, Germany: July 12, 2016. The Rhenus Group and Sankyo Corporation have established Rhenus Sankyo Logistics, a joint venture to handle Japan's imports and exports plus provide domestic distribution and warehousing.

The two companies have had an existing relationship in the U.S. for many years through Sankyo's Clearfreight subsidiary.

"Japan is the fourth largest importer and exporter in the world. Because of its specific business culture, however, it's difficult for foreign companies to establish a foothold in the market; so an experienced local partner is an enormous support," said Tobias Bartz, a member of the Rhenus board of management.

Rhenus Joint Venture JapanSankyo is part of the Fujiki Group that specializes in port services, multimodal distribution and transport operations. In addition to Fujiki as the largest shareholder, NYK, Mitsubishi Logistics and Mitsui O.S.K. Lines also have a stake in Sankyo.

"The Rhenus Group persuaded us, primarily because of its corporate philosophy and its logistics expertise," commented Sankyo president and executive director Kozo Fujiki. "Our successful cooperation in the past has been based on professionalism, quality and mutual trust. We'd now like to go one step further with the joint establishment of this company."

(Pictured left to right: Wataru Miyara, general manager Rhenus Sankyo Logistics K.K.; Takao Furukawa, senior managing director Sankyo Corporation; Kozo Fujiki, president and excecutive director Sankyo Corporation; Klemens Rethmann, CEO Rhenus; Tobias Bartz, member of the Rhenus board; and Andreas Loewenstein, president Rhenus Sankyo Logistics K.K.)

In a related announcement, Rhenus Logistics has built its own Customs and logistics terminal on the Belarus/Russian border in Smolensk, the first by an international forwarder.

According to David Williams, UK managing director of Rhenus Logistics, the Russian market offers great opportunities for exporters, but doing business in the country has its challenges: "Bureaucratic hurdles and a poor infrastructure further complicate logistics processes, along with complex and time consuming Customs clearance procedures. Indeed, many companies underestimate the time and cost required for the preparation of technical data and certification for imports into Russia, as well as the time taken to clear Customs," he explained.

Imported goods have to be kept in a special bonded warehouse under the supervision of Customs authorities until they are cleared for free circulation in the Russian Federation and only Russian legal entities are allowed to arrange Customs clearance and pay duties, added Williams.

The new Rhenus Customs terminal has capacity for 400 trucks and includes a 2,500 sq.mt. bonded warehouse staffed by officers from Russia's Department of Customs Clearance and Smolensk Customs.

The Russian national Customs policy aims to relocate facilities to the country's borders in order for imports to be delivered without the need for trucks to make time-consuming detours to inland Customs clearance centers, Williams said.

News

Written on 28/03/2017, 21:10
qatar-backs-britain-as-may-signs-brexitLONDON/BIRMINGHAM: March 28, 2017. A day before Britain confirmed its formal departure from the European Union, the country signed an MoU with Qatar to...
Written on 28/03/2017, 18:40
gcc-airfreight-market-to-face-hyperloop-competitionABU DHABI: March 28, 2017. Speaking at the Global Manufacturing and Industrialisation Summit this week, Hyperloop One senior vice president Nick Earle...
Written on 27/03/2017, 21:25
psa-profit-despite-unrelenting-trials-and-tribulationsSINGAPORE: March 27, 2017. CMA CGM and PSA Singapore have added two more berths to their container terminal joint venture for a total capacity of four...
Written on 24/03/2017, 19:32
malaysia-and-alibaba-to-build-digital-trade-platformKUALA LUMPUR: March 23, 2017. Alibaba is to partner with the state-run Malaysia Digital Economy Corporation (MDEC) to host what company executive chairman...
Written on 24/03/2017, 16:31
ai-becomes-truckload-matchmakerHAMBURG: March 24, 2017. As PwC releases a report suggesting 950,000 jobs will be lost in the UK transport sector from the use of artificial intelligence...
Written on 24/03/2017, 15:49
dp-world-eyes-panama-as-net-profit-jumpsDUBAI: March 22, 2017. DP World has reported a 29.9 percent rise in net profit for 2016 to US$1.26 billion, on a 4.9 percent increase in revenue to total...
Written on 22/03/2017, 22:12
new-ocean-carrier-alliances-to-shake-things-upGENEVA/BRUSSELS: March 22, 2017. The impending operation of three ocean box alliances on April 01 has prompted fears of capacity constraints and rising...
Written on 20/03/2017, 19:53
volga-dnepr-paid-former-u-s-national-security-advisorWASHINGTON, DC: March 20, 2017. As Congressional hearings begin on possible connections between the Trump presidential election bid and Russia, evidence...
Written on 17/03/2017, 20:55
lufthansa-group-reports-rise-in-net-profitFRANKFURT: March 16, 2017. The Lufthansa Group has reported a 4.6 rise in net profit to €1.77 billion in 2016 on a 1.2 percent drop in revenue to €31.66...
Written on 17/03/2017, 19:19
another-airline-level-for-iagBARCELONA: March 17, 2017. International Airlines Group (IAG) will begin flights from Barcelona to Los Angeles, Oakland, Punta Cana in the Dominican...
Written on 17/03/2017, 17:39
european-commission-re-imposes-cargo-finesBRUSSELS: March 17, 2017. The European Commission has renewed its decision to fine 11 airlines €776.46 million for operating an air cargo cartel between...
Written on 15/03/2017, 20:15
ups-continues-to-reduce-ghg-emissionsATLANTA, GA: March 15, 2017. UPS is to spend an additional US$90 million on expanding its U.S. natural gas fueling infrastructure and acquiring more...
Written on 14/03/2017, 21:13
air-cargo-stuck-in-the-16th-centuryABU DHABI: March 14, 2017. Speaking at the opening of the 11th World Cargo Symposium, IATA director general and CEO Alexandre de Juniac warned air cargo...
Written on 09/03/2017, 20:41
u-s-infrastructure-strong-risk-of-failureRESTON, VA: March 09, 2017. The American Society of Civil Engineers (ASCE) says restoring U.S. infrastructure to its competitive position will cost the...
Written on 08/03/2017, 19:52
zte-fined-over-a-us-1-billionDALLAS/ SHENZHEN: March 07, 2017. ZTE, a provider of telecommunications systems, mobile devices and enterprise technology solutions, has been fined...
Written on 07/03/2017, 22:51
no-additional-trade-tariffs-warns-mexicoDETROIT, MI: March 06, 2017. Addressing executives from the U.S. auto industry, Mexico Secretary of Commerce Ildefonso Guajardo Villarreal has reiterated...
Written on 07/03/2017, 20:38
maersk-and-ibm-to-launch-digital-trade-solutionARMONK, NY: March 06, 2017. Following ratification of the WTO's Trade Facilitation Agreement, IBM and Maersk are developing the use of blockchain...
Written on 06/03/2017, 20:36
dsv-signs-red-cross-agreementCOPENHAGEN: March 07, 2017. DSV and Denmark's Red Cross have signed a global logistics agreement that includes the donation of two warehouses. With a...
Written on 06/03/2017, 19:07
good-start-for-air-cargo-in-2017GENEVA: March 07, 2017. Noting an increase in the shipment of silicon materials, IATA reported a 9.0 percent year-on-year jump in airfreight...
Written on 03/03/2017, 21:33
iata-repeats-trump-warningWASHINGTON, DC: March 03, 2017. IATA has reiterated its warning to the Trump Administration about a future of restricted borders and protectionism. "Our...

- powered by Quickchilli.com -