Jun.05--KERRY Logistics Group, headquartered in Hong Kong, is setting up a new joint venture in Singapore with Meridian Shipping Services Group (MSSG) to tap rising demand for high-quality containers.

Under the agreement, the company, formally branded Meridian Container Brokers Pte Ltd (member of MSSG), is to be renamed Kerry Meridian Container Brokers Pte Ltd. The JV is intended to create synergies between the container liner business of MSSG and the global logistics and freight expertise of Kerry Logistics.

Based in Singapore, Kerry Meridian will be chiefly engaged in the buying/selling, one-way and leasing of containers and special equipment in the Asia Pacific region, a joint statement said.

Headquartered in Singapore, MSSG is a shipping services provider, whose core business is container liner agency and port agency services, specializing in the South East Asia trade. Other value-added businesses of MSSG include NVOCC, freight forwarding, ship broking, container shipping logistics software distributorship and container liner management consultancy services. With 350 staff, the group has set up owned offices in Singapore, Myanmar, Thailand, Vietnam, Indonesia, Cambodia, Bangladesh, Malaysia, the Philippines and Sri Lanka.

Kerry Logistics operates offices in 34 countries on six continents. Through its strong distribution network in Greater China and ASEAN, it offers customised solutions to over half of the world's top 100 global brands and many Fortune 500 companies.

(Source:shippingazette)