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more news at www.heavyliftpfi.comNEWS ROUND-UPBUSINESS NEWS IN BRIEF


RWG goes for Gold Red Wolf Global (RWG) has merged its Vietnamese operations with Gold Line Company, a non-asset based international logistics firm located in Ho Chi Minh City.


ALE and Roll-Lift end JV ALE and Roll-Lift have ended their Canadian joint venture – ALE Roll-Lift Canada. Following the termination of the joint venture, which was established in 2012, ALE will operate in Canada as a single business entity.


Manitoulin adds IPE Quebec-headquartered Manitoulin Global Forwarding has acquired Toronto-based IPE Logistics Canada.


RUD partners in US Caldwell Lifting Solutions and the RUD Group have combined their sales and service activities for their lifting and material handling solutions in the USA and Canada.


CMA CGM takes stake in CEVA


C


MA CGM is to acquire a 25 percent state in CEVA Logistics as part of the planned flotation of the CEVA business. CEVA Logistics launched on the Swiss stock exchange on May 4, 2018, with a share price of CHF27.5 (USD28.25).


The company aims to raise CHF1.2 billion (USD1.23 billion) in an all-primary share offering. CMA CGM said the deal would enable the shipping line to grow its presence in the logistics market. As a result of the approximately CHF379 million (USD377 million) investment, CMA CGM will nominate two


  


members of the CEVA board. The two companies have


agreed to explore potential opportunities to work together


towards the development of joint commercial offerings, according to terms that will be defined in the coming months.


Bolloré speaks out on chairman’s arrest


V


It seems the whole shipping world is bent on     





• s • Mining


•  • 


•  • 


incent Bolloré, chairman and ceo of Bolloré, has been placed under formal investigation in a corruption probe into how his company obtained contracts in Africa. On the day that its head was detained for questioning, the French transportation company said: “A Bolloré Group subsidiary is under investigation regarding the payment of provisions for communication services in Guinea and Togo that were provided in 2009 and


2010. This investigation is the result of a claim filed against Bolloré Group by a former employee who has been sentenced by a court to three years and nine months in prison without parole and around EUR10 million (USD12.17 million) of damages to the Bolloré Group for misappropriation of assets.” The statement claimed that


its former subsidiary, SDV Africa, did not engage in any illegal actions.


•  6 May/June 2018


Geodis opens in Uganda G


eodis has opened an office in Kampala, Uganda that will initially


cater to the surge in industrial projects currently taking place in the East Africa region. The


Uganda office will also support a large-scale oil and gas project in the Lake Albert area, as well as manage the transport of supplies for the associated infrastructure development.


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