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PSA International completes acquisition of BDP International

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PSA International completes acquisition of BDP International. Image: Pexels
PSA International completes acquisition of BDP International. Image: Pexels
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PSA International Pte Ltd, a leading global port group and trusted partner to cargo stakeholders, announced that it has completed its acquisition of 100% of the shares of BDP International, Inc., a leading provider of globally integrated supply chain, transportation and logistics solutions, from New York-based private equity firm Greenbriar Equity Group, L.P. This follows the receipt of formal approvals from relevant authorities required by the merger agreement, initially announced in December 2021.

Together, PSA and BDP will extend their logistics ecosystem with solutions that focus on supply chain orchestration and cargo flow optimization. In a climate where end-to-end supply chain visibility and resilience are critical, the acquisition of BDP adds strength and depth to PSA’s logistics and supply chain offerings beyond the port. At the same time, customers of BDP will benefit from additional insights and connectivity to PSA’s global network of deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.

Tan Chong Meng, Group CEO of PSA International, said, “I am pleased to welcome BDP’s over 5,000 talented employees into the PSA family. Leveraging our complementary capabilities and footprints, we envision a future that will bring out the best of both BDP and PSA, unlocking greater value for cargo owners, creating new opportunities for business growth, and enabling fresh innovations for more agile, resilient, and sustainable supply chains.”

Mike Andaloro, Chief Executive Officer and President of BDP International said, “BDP is thrilled to join the PSA team. We look forward to co-authoring the next chapter in our combined growth story.” He continued, “This transformative acquisition presents us with the unique opportunity to re-imagine supply chain solutions by combining the strengths of our asset-light solutions model with PSA’s impressive global infrastructure. We look forward to working alongside the talented team at PSA to innovate new, resilient solutions for our customers.”

Credit Suisse served as sole financial advisor to PSA, while Shearman & Sterling LLP acted as legal advisor to PSA.

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Freight Forwarding

Geodis extends freight forwarding service with a new service hub in Spain

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Geodis extends freight forwarding service with a new service hub in Spain. Image: Geodis
Geodis extends freight forwarding service with a new service hub in Spain. Image: Geodis
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Global logistics provider’s Freight Forwarding Line of Business has established a new service hub for customers in the Andalusia and Extremadura regions of Spain. The office in Seville commenced business as of October 2022.

With well-established operations in other major Spanish cities including Barcelona, Bilbao, Madrid and Valencia the Group’s freight forwarding services have been available to the country’s importers and exporters for over twenty years. Now both maritime and air transport solutions will be offered in the south of Spain along with additional value-added services such as Control Tower for complete oversight, Purchase Order and Vendor Management and Emission Reporting. Enhanced visibility of cargoes status is enabled through the bespoke GEODIS’ web-based platform, IRIS (Intelligent Real-time Information System), an online booking, pricing, tracking and shipment system.

The GEODIS team in Seville will provide a service with a global reach across the GEODIS Group’s network spanning nearly 170 countries.

“Our ability to understand the needs of our customers in the southern regions of Spain will be greatly enhanced by our new, strategically located base,” says Ivan Sanchez, managing director of GEODIS in Spain. “Our mission throughout the GEODIS organization is to help grow the businesses of our customers. In order to achieve that, we must harmonize with their expansion plans, facilitating the logistics that underpins those plans in the most relevant way. A localized operation is required to develop such a close relationship.”

Joining the GEODIS Group consisting of 350 employees in Spain and over 44,000 worldwide, the Seville based team are welcomed by GEODIS Spain’s Managing Director, Ivan Sanchez. “It is passion that drives our teams both here in Spain and around the globe. Being 50% Andalucian, I can assure customers that there is no one more passionate than them and I’m sure the team in our new office will prove that with their commitment to customer service of the highest quality,” says Ivan Sanchez.

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Environment

DHL Global Forwarding and GoodShipping accelerate sustainable shipping

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DHL Global Forwarding and GoodShipping accelerate sustainable shipping. Image: DHL
DHL Global Forwarding and GoodShipping accelerate sustainable shipping. Image: DHL
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DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping, the global pioneer and market leader in insetting to decarbonize the container shipping industry by changing the marine fuel mix, are further expanding their long-standing partnership. With the latest purchase of approximately 60 million liters of Sustainable Marine Fuel, DHL will reduce a total of 180,000 tonnes of TtW-CO2e on both FCL and LCL shipping until 2024. This commitment is equivalent to the amount of marine fuel burned by 10 container vessels on their journey from Asia to Europe. DHL Global Forwarding has been working with GoodShipping for five years, sharing the same aspiration for greener ocean freight via insetting.

“In 2017, we were the first logistics company to work with GoodShipping. An important lever in reducing our CO2 emissions is the use of sustainable fuel and GoodShipping’s insetting service complements us perfectly in this regard. They have a thorough and controlled process, meet our high sustainability standards, and they share the same goal of making logistics emission-free. We are very proud to now continue and further enhance this cooperation,” says Tim Scharwath, CEO DHL Global Forwarding.

As part of their joint industry impact, DHL Global Forwarding and GoodShipping also aim to pilot a new insetting accounting framework of the Smart Freight Centre. The new framework transfers the approach of allocating emission reductions from sustainable fuels to specific customers by decoupling the accounting of the fuels’ environmental attributes from their physical flow to a general industry standard. In that way, customers can contribute to and report on emission reductions in their transport value chain even if the reduction is not physically linked to their specific transport activity.

“DHL Global Forwarding really steps up as a frontrunner in the freight forwarding industry with this commitment,” says Dirk Kronemeijer, CEO GoodShipping. “DHL’s goal to achieve net zero-emission logistics by 2050 made them a perfect partner for a strategic and mutually beneficial long-term collaboration. We can only have the greatest respect for the leadership demonstrated by this huge commitment from DHL, deepening our collaboration even further.”

DHL’s GoGreen Plus service paves the way to transition to clean and sustainable transportation. As part of GoGreen Plus, customers across the different divisions of Deutsche Post DHL Group are offered various solutions for minimizing logistics-related emissions and other environmental impacts along the entire supply chain, such as the use of Sustainable Fuels. Hereby a calculation is made using international agreed standards how much fossil volume the cargo owner would have used without any insetting service. Subsequently this corresponding volume is replaced by truly sustainable biofuels made out of waste and residues only. With the “Book & Claim” mechanism, DHL can pass on the benefits of lower greenhouse gas emissions (Scope 3 emissions) to its customers, helping them achieve their climate targets. The product offering GoGreen Plus is part of the Group’s mid-term sustainability roadmap for 2030 and contributes to the sub-target of having at least 30 percent of fuel requirements covered by sustainable fuels. To reduce greenhouse gas emissions in line with the Paris Climate Agreement, the Group will spend €7 billion in sustainable fuels and technologies by 2030.

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Freight Forwarding

DHL Freight opens new logistics terminal in Marseille

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DHL Freight opens new logistics terminal in Marseille. Image: DHL
DHL Freight opens new logistics terminal in Marseille. Image: DHL
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DHL Freight, one of the leading providers of road transport services in Europe, opens a new logistics terminal in Marseille. The inauguration of this new site marks the next step in the modernization and expansion of DHL Freight’s road logistics network in Southern France and the Mediterranean region and will be an important gateway for transports to and from Tunisia.

“We are really excited to expand our network of road freight services and modernize another very important hub in the Mediterranean. In light of increasing demand for our services, it is of utmost importance that we do everything to offer sustainable, efficient, and reliable logistics solutions to our customers. We subscribe to successful and sustainable business practices. This new site near Marseille will allow us to continue to do exactly that,” says Uwe Brinks, CEO DHL Freight.

The new terminal boasts a cross-deck area of 3,204m2 with 35 gates, on a total space of 3,632m2. The increased logistics capacities allow for quicker and more efficient road transportation, thereby increasing the reliability of shipments and customer satisfaction. For example, the terminal will offer the consolidation and deconsolidation of Less-than-Truckload shipments, which the DHL network will then distribute customers in the European market. Connecting the continents of Europe and Africa, the terminal in Marseille will also use its capacities to become an important gateway to and from Tunisia.

Focused on sustainable operations and compliance with the climate energy bill, DHL Freight ensured that solar panels would cover at least 30 % of the roof surface. In addition, DHL Freight recently introduced the GoGreen Plus service to reduce CO2 emissions for road transport. Following the carbon insetting approach, DHL Freight is decarbonizing its European road freight network by investing in low- and zero emission technologies such as electric vehicles and alternative fuels, be it biogas or hydrotreated vegetable oil, for its linehaul as well as pickup- and delivery services. This new service is of course also available for customers in Marseille and throughout France.

“The new terminal near Marseille is a big win for our customers in the whole Mediterranean region, as well as the environment,” says Claude Brigand, Managing Director DHL Freight France. “Our aim is to provide efficient logistics and reliable services while maintaining the highest ecological standards.”

Other solutions implemented at the Marseille terminal to minimize the impact on the environment include for example the use of LED sensor lights and the operation of a sophisticated waste sorting and recycling system. Even beehives have found a new home on the terminal’s grounds. These steps are in accordance with Deutsche Post DHL Group’s commitment to providing sustainable logistic solutions that will reduce emissions to net zero by 2050.

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