Transworld unveils new expansion plans
Dubai, January 21, 2013
Transworld, a leading multi-faceted shipping and logistics conglomerate in UAE, has announced the expansion of its operations into new verticals, with the incorporation of Transworld Bulk Carriers FZCO and Transworld Projects.
The expansion sees Transworld’s foray into the non-containerized segment, where it has entered as owners and operators of bulk carriers and project logistics services providers, said a senior official.
Transworld also unveiled its new branding created to symbolize the renewed vision and mission of the company, which is to focus on innovation, adapting new strategies and technologies and becoming a leader in the shipping and logistics industry.
“Today marks a very important milestone for us. As we reflect on our journey and achievements of 35 years, it is also time for us to renew our objective to be a seamless end-to-end logistics services provider," remarked Ramesh S. Ramakrishnan, the chairman of Transworld.
He was speaking at a celebratory event marking Transworld’s completion of 35 years at the company headquarters in Jebel Ali Free Zone Area (Jafza) in the presence of Mohammed Sharaf, the chief executive officer, DP World and senior officials of Jafza along with other dignitaries.
"Our new identity falls in line with this renewed focus to continue our endeavor to achieve perfection. As part of this mission, we have expanded our existing operations. We are very pleased to announce our foray into the new verticals of Transworld," stated Ramakrishnan.
"We believe these expansions will add great value to our core businesses within the umbrella of container shipping. The addition of three new container ships, along with the increase in capacity of the containers and increased focus on the reefer market within the region has led to a strong growth for Transworld, besides resulting in a significant increase in the inventory in our group company, Balaji Shipping," he added.
Transworld, as a leading provider of diverse shipping and logistics services, has established its stronghold in the industry over 35 years through its companies Orient Express Lines, Balaji Shipping, Shreyas Shipping and Logistics, Shreyas Relay Systems and Albatross Shipping, among others.
The companies have developed a strong footing for Transworld across the globe including UAE, India and the US.
“This launch comes at a landmark moment in the Transworld history. The expansion, besides being our first foray into the non-containerized segment, also marks the completion of Transworld’s 35 years in the industry," said the company chief.
"From our beginnings as a shipping agency, today, Transworld has evolved to be a leading provider of comprehensive supply chain logistics services in the region. This high-accelerated growth has been possible because of the irrefutable support of DP World and other authorities of Dubai and UAE, which has enabled us to be efficient and timely in providing unmatched quality of service to our customers and business partners."
"Our growth story has accelerated in the UAE thanks to the shipping friendly policies laid out by the country’s visionary leaders. This has made it possible for us to reach the world,” he added.
Lauding the achievements, Sharaf said, "Transworld, through the growth of its diverse group companies like Orient Express Lines, Balaji Shipping and others, has been a strong supporter of DP World. We are very pleased that the Group chose to establish itself here and channel its growth through Jafza as its global base."
"The strategic location of Dubai’s ports and the exceptional infrastructure that they offer has enabled Transworld and many others to gain a competitive advantage in the industry. We are certain Transworld’s expansions will further fuel their growth, ensuring they continue to grow as leading players in the industry.-TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Gulf Marine Services makes muted London debut
- Emal to supply molten aluminium to Ducab unit
- Ducab acquires British cable firm
- Emirates SkyCargo wins top awards
- Bayer opens new coatings, adhesives lab in Dubai
- Chep Aerospace unveils new ULD mobile app
- Cargo summit calls for cut in transit times
- Dubai bus fare cheapest among top cities
- DHL Express boosts Mideast fleet
- DNV to re-certifiy Drydocks World services
- Amphibious boats make global debut in Dubai
- Qatar sets up mixed business incubator
- Non-oil sectors ‘biggest contributors to UAE economy’
- Alba educates customers on best practices
- Spinneys to set up distribution centre at Kizad
- Maritime courses draw more trainees
- Dow to showcase at Dubai coatings expo
- UAE aluminium sector backs Syria refugees
- Asry in big vessel repair milestone
- Flare, Jordan form parent company ‘Aereon’
- Drydocks delivers second MCV for US
- ASIS launches amphibious leisure boat
- Taskforce sought to develop Saudi downstream sector
- DP World launches $200m India project
- RAK 'exploring' ceramics unit stake sale
- Mideast carriers top global air freight growth
- DMCA launches maritime solution apps
- Saudi plans oil-to-chemicals plant at Yanbu
- Sabic gets four bids for JV with Mitsubishi Rayon
- Pentair, IDC launch industrial services JV