GERMANY > U.S based Zenith Energy is set to acquire a liquid storage terminal facility in Hamburg, Germany from Shell

Shell logo Expected to close in the first half of 2018, Zenith Energy is set to acquire Shell’s liquid storage terminal facility in Hamburg, Germany. However the terms of the transaction has not been disclosed. Located in Germany’s largest seaport which is also the third largest container port in Europe, the 55 hectares terminal asset is located in the Port of Hamburg. More …

BULGARIA > Austria based Cargo-partner invests 15.3 million euro ($17.8 million) on a modern logistics center near Sofia International Airport

Cargo partner logo Austrian Cargo-partner is investing 15.3 million euro ($17.8 million) to construct a modern logistic center near Sofia International Airport that is expected to open in the beginning of 2018. The project is expected to create 20 new jobs and the investment is part of the company’s strategy to strengthen its worldwide warehousing capabilities. Containing 22,000 pallet slots on more than More …

TURKEY > UAE based Abraaj Group Acquires Stake in Netlog Lojistik Hizmetleri, Turkey’s Largest Logistic Company

Netlog Lojistik Dubai, UAE based Abraaj Group has acquired a significant minority stake in Turkey’s largest logistic company, Netlog Lojistik Hizmetleri, a company that operates in both Europe and Asia. Netlog offers a complete supply chain solution by maintaining 65 warehouses with a combined area of more than 1.1 million square meters and owning a fleet of 3200 transport vehicles. Founded in More …