Sino Logistics Corporation (SINO) has forged a strategic partnership with SJWD, marking a significant move to bolster its capabilities in the global logistics sector. This collaboration aims to optimize the operations of both entities, leveraging their combined strengths to offer a comprehensive suite of international logistics services. Through this collaboration, SINO and SJWD seek to enhance their bargaining power in negotiating freight rates, expand their profitability in maritime shipping, and create opportunities for expanding their customer base and accessing co-warehouse services.
Mr. Nanmanus Witthayasakpan, Chief Executive Officer of SINO, revealed, “SJWD Company is an important strategic partner of SINO. This cooperation will leverage SINO’s strengths in the potential of maritime cargo transportation volumes on the Thailand-USA route combined with SJWD’s expertise in maritime freight transport in the ASEAN region. At the same time, this collaboration aims to enhance the potential of international logistics services on sea shipping routes and increase bargaining power with shipping lines in procuring cargo space. We expect that the total volume of international shipping will be more than 150,000 containers per year, which will help manage freight costs with good costs and quality, responding to the needs of customers of both companies more efficiently.”
Moreover, SINO also uses the business opportunities from this cooperation in planning to expand its customer base and offer its customers a warehouse for rent service, a general warehouse and a Free Zone in the Laem Chabang area of Chon Buri province. Meanwhile, customers can also use SJWD’s warehouse service, which helps stimulate space rental rates and allows both companies to use their resources to the maximum benefit and reduce future warehouse investment costs.
SINO anticipates a sea freight volume surpassing 53,000 containers, aligning with the company’s goal. This projection is part of SINO’s strategy to expand its market presence in the ASEAN region and push forward Thailand as a key hub for international sea shipping along the Thailand-USA route. Additionally, its CTX service, a joint venture with 120 containers per ship capacity, has garnered positive customer feedback. Furthermore, SINO has opened a new office in Malaysia and plans to open additional offices in several countries in the region to expand the scope of services available to its customers. SINO expects to positively impact the company’s full use of SOC containers and ISO tanks, as well as reap revenue from shipping services during rising freight rates to push this year’s operating results to grow as planned.
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