SHIPCO Transport and AGS World Transport have agreed to form a new joint venture to serve the New Zealand market called NGS World Transport. The new operation will officially commence operations on 1 August.
The new joint venture will include the current business that Shipco and ICT have been operating in New Zealand since 2013.
NGS World Transport will continue to be managed locally by current country manager Henning Hansen, who will report into the Australian operations of AGS.
A new four-person board has also been appointed, with two representatives each from both Shipco and AGS.
AGS executive chairman Terry Tzaneros said the new joint venture would enhance and improve the overall service offering with enhanced services and trade lanes in import/export wholesale FAK freight, as well as new services in airfreight that will mirror the overall service offering of the company’s Australian operations.
“This is an exciting time for our business, and mutual customers alike,” he said.
“Both AGS and Shipco have complementary strengths that include a global footprint of offices, customers, volumes, and services. Importantly, both JV partners have a common and long-standing interest in the global networks World Wide Alliance (WWA) and Air Cargo Group (ACG).”
Shipco chairman Klaus Jepsen said this new joint venture with Shipco’s partner in Australia of almost 30 years has been a natural next step to strengthen the companies’ mutual foot-print in New Zealand.
“[The new JV offers] a comprehensive global coverage combining Shipco’s existing import and export services from origins/destinations worldwide, with AGS’ very strong presence in the very important Trans-Tasman trade,” he said.
“It will be business as usual between now and formal commencement date (1st August 2022) for staff and customers, as we look to significantly grow the volumes and service offering post JV commencement.”
The new joint venture will operate the Cargo Wise system, which the company says has a key focus on integration and customer visibility, while also offering systems that have recently been developed exclusively for AGS’ operation in Australia.