Kerry Logistics signs MOU with Sitthi Logistics
KLN Singapore, a subsidiary of Kerry Logistics, and Laos’s Sitthi Logistics have signed a memorandum of understanding to form a joint venture to develop a dry port in the Vientiane logistics park in Laos. The dry port will be situated in an area of approximately 350,000 sqm and will be gradually developed for the transfer of cargoes at Vientiane, which connects the railway lines between China and Thailand from Kunming to Bangkok.
Kerry Logistics will provide management expertise, while Sitthi Logistics will supply local support. The facilities will allow the logistics industry to transport goods by road and rail and create an efficient logistics system to accommodate a range of industries and facilitate distribution along the economic corridor between China and Thailand. (mw)