Freight’s Global 100


Shashi Kiran Shetty N


Chairman & MD, All Cargo Logistics


ew logistics enterprises from the BRIC countries are bound, sooner or later, to reflect the strong economic growth in those regions, and India’s


All Cargo Logistics has risen rapidly to become a global player. It was founded as a ship agency and freight


forwarding concern by Shetty in 1993, after he had spent 15 years working firstly as a forwarder and then for the Tata subsidiary, Forbes Gokak. All Cargo Logistics’ operations now span freight


forwarding, NVOCC, port, terminal and inland container depot operations and has even expanded to include general cargo ship chartering and owning. Its revenues have almost trebled between 2006,


when it floated on the Bombay Stock Exchange and 2010, and it continued to show high operating margins during the recession and after it. In 2010 it expanded its global footprint with the


acquisition of a UK-based forwarder and two Hong Kong NVOCCs.


Michael Steen Chairman, TIACA Executive Vice-President, Atlas Air M


ichael Steen, executive vice president and chief commercial officer of Atlas Air, was elected chairman of TIACA at the start of


2011. Steen was instrumental in helping found the Global


Air Cargo Advisory Group, which was established to give the air cargo industry a strong and unified voice in its dealings with worldwide regulatory authorities, and other bodies whose decisions directly impact the industry. Under his leadership, GACAG has become an


influential body, devoted to improving the air cargo supply chain. It is focusing on e-commerce, security, sustainability and customs and trade facilitation, the last of which is headed by TIACA. TIACA itself is also growing in influence, and has


widened its membership to include freight forwarders and shippers. Steen is also responsible for global sales and


marketing for Atlas Air Worldwide, an outsourced aircraft operator, which has the world’s largest fleet of modern Boeing 747Fs.


Tarek Sultan Chairman & MD, Agility Logistics


firm in the Middle East, and has been driven forward by one man, chairman and managing director Sultan. Its rapid growth over the last decade has come


B


chiefly through acquisition, as it has developed a strategy buying into new markets. In 1997 it had annual revenues of $50 million; the figure today stands at just under $6 billion.


orn out of the privatisation of Kuwait’s state- owned Public Warehousing Corporation, Agility Logistics has grown to be the largest logistics


However, Sultan recently said that that phase had


concluded, and further growth would be organic. It has also had to shift its emphasis away from a


heavy dependence on US government logistics contracts after it was accused of overcharging the military on a logistics contract supplying troops in Iraq. Although Agility has consistently denied the charge,


Sultan has also said that it precipitated Agility’s shift from a government to commercial focus.


IFW-Lloyd’s Loading List | Freight’s Global 100 | 2012 31


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