22.1 C
Hamburg
Wednesday, June 4, 2025
Home News Maersk, Kumho Tire sign multi-year logistics partnership

Maersk, Kumho Tire sign multi-year logistics partnership

Danish container shipping company Maersk signed a memorandum of understanding (MoU) with South Korean tire manufacturer Kumho Tire last week with the signing taking place at Kumho Tire’s headquarters in Jongno-gu, Seoul.

In particular, the partnership seeks to combine Maersk’s expertise in global transport and logistics with Kumho Tire’s strong foothold in the automotive sector.

This collaboration is poised to revolutionise Kumho Tire’s supply chain management, leveraging Maersk’s fourth-party logistics (4PL) visibility solution for a five-year period, along with domestic intermodal services for three years. Maersk is expected to manage more than 40,000 FFE volumes per year starting from 2024.

“The expansion of collaboration reflects Kumho Tire’s recognition of our expertise in delivering end-to-end logistics solutions that cater to their evolving business needs. We constantly push boundaries and set new standards in supply chain management,” commented Toru Nishiyama, managing director of Maersk Northeast Asia.

He added, “This extended partnership is expected to deliver substantial benefits, not only in enhancing operational efficiency for our customers, but also in generating significant cost savings and enabling effective end-to-end stock level management through route optimization and the reduction of global supply chain bottleneck issues.”





Latest Posts

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...

Sierra Leone’s Freetown Port prepares for digital transformation

A needs assessment mission conducted in Sierra Leone from 26 to 30 May has laid the groundwork for the introduction of a Maritime Single...

APM Terminals Lázaro Cárdenas receives six new electric cranes

APM Terminals Lázaro Cárdenas has received six cutting-edge electric automated rail-mounted gantry cranes, marking a significant step forward in modernizing Mexico’s logistics infrastructure. These cranes...

Crew evacuated after fire on Zodiac car carrier

Fire broke out on a Zodiac Maritime-managed car carrier off Alaska on 3 June. All 22 crewmen on the 2006-built, 4,902 CEU Morning Midas...
error: Content is protected !!