News Content
Panalpina scores 5-year Iraqi gas deal with undisclosed client
SWISS logistics giant Panalpina has been awarded a long-term contract by an undisclosed company to manage transport and logistics for a gas project in Iraq.
The contract will run for five years and involve less-than-container load ocean freight as well as air freight, reports New York's Air Cargo World.
Panalpina will also handle customs clearance, warehousing, full order management and in-house staffing, as well as any necessary air and ocean chartering.
The large contract marks a positive note for Panalpina after a lacklustre first half for the company's profits, as declines in the oil prices led to a reduction in petroleum exploration projects.
Other factors, such as rising freight rates, also pressured Panalpina's margins.
Panalpina frequently works with oil and gas companies, including the undisclosed company party to this contract. The two companies have worked together since 2010.
The contract will run for five years and involve less-than-container load ocean freight as well as air freight, reports New York's Air Cargo World.
Panalpina will also handle customs clearance, warehousing, full order management and in-house staffing, as well as any necessary air and ocean chartering.
The large contract marks a positive note for Panalpina after a lacklustre first half for the company's profits, as declines in the oil prices led to a reduction in petroleum exploration projects.
Other factors, such as rising freight rates, also pressured Panalpina's margins.
Panalpina frequently works with oil and gas companies, including the undisclosed company party to this contract. The two companies have worked together since 2010.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
