Kerry, Globalink enter into JV under ‘Belt and Road’ initiative

The two logistics services providers and freight forwarders have agreed to collaborate on their networks to enhance cargo flows between Central Asia and The Commonwealth of Independent States under China’s “One Belt One Road” trade initiative.    Kerry Logistics Network has entered into an agreement with freight forwarder Globalink Logistics DWC to enhance services between Asia and Europe under the so-called “Belt and Road” initiative.
   Globalink Logistics DWC, headquartered in Dubai, has operations spanning across The Commonwealth of Independent States (CIS), including countries like Kazakhstan, Uzbekistan, Georgia, Armenia, Ukraine, and others, according to Kerry Logistics. The joint venture between the two companies is expected to expand cargo flow transits in Central Asia and CIS.
   “We are very excited about this joint venture, which is part of our development strategy to tap into the immense opportunities from the Belt and Road initiative. The new partnership will allow the two groups to leverage each other’s competitive strengths and provide new options and cost-efficient multimodal solutions to our customers with greater flexibility and access to the strongest network in Asia,” William Ma, group managing director of Kerry Logistics, said in a statement.
   “While we will continue to develop an overland transportation network for road, rail and multimodal freight services from China to Central Asia and Europe, we will also build upon our expertise in project logistics within our global network to exploit new business opportunities,” he added.
   The joint venture comes just months after the launch of rail freight operations between China and Europe under the Belt and Road initiative, with its first UK-China eastbound freight train commencing in April 2017.