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Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » DB Schenker partners Aitken Spence in Sri Lanka and Maldives

DB Schenker partners Aitken Spence in Sri Lanka and Maldives

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[size=48]DB Schenker partners Aitken Spence in Sri Lanka and Maldives 14 [/size]
As of 1 September, DB Schenker welcomed DBS Logistics Ltd as its newest network partner for Sri Lanka and Maldives Islands.
DBS Logistics Ltd was formed to solely represent DB Schenker in Sri Lanka and Maldives for Air and Ocean Freight as well as Project Cargo. The setup of DBS Logistics was led by Aitken Spence, a publicly listed conglomerate founded in Sri Lanka since 1868. Aitken Spence has diversified interests, which include maritime cargo logistics as well as strategic investments and services. Aitken Spence is one of the largest logistics service providers in Sri Lanka and has pioneered the industry in the country.
Aitken Spence Director and Maritime and Logistics Sector Chairman Dr. Parakrama Dissanayake said, “This partnership in Sri Lanka and Maldives brings together the expertise and experience of a global leader and a regional leader, which will form a catalyst to propel growth. Imagination is what drives innovation and solutions, and together, DB Schenker and Aitken Spence have the imagination to make greater things happen.”

Schenker (Asia Pacific) P/L Chief Financial Officer Anders Wallin said: “DB Schenker has had a long relationship with Sri Lanka since 1980.  This new partnership with DBS Logistics marks a new chapter, which will take us to another level of growth in these two important markets, especially benefitting our customers across industries, such as fashion/retail, electronics, industrial, healthcare, automotive, aerospace and others.”
As DB Schenker’s exclusive Network Partner for air freight, ocean freight and project cargo in Sri Lanka and Maldives, the appointment of DBS Logistics will enable better integration of services as well as enhanced capabilities and quality of service in the two territories.
DB Schenker stands for the transportation and logistics activities of Deutsche Bahn (DB), with more than 95,700 employees in over 140 countries generating revenues of EUR 19.8 billion. DB Schenker has top positions in the global air and ocean freight business, has Europe’s densest land transport network, and has the rail expertise of the largest European rail freight company.

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