DP World acquires logistics service provider CFR Rinkens
DP World has acquired CFR Rinkens, a specialised logistics service provider headquartered in Long Beach, California.
The acquisition of CFR Rinkens represents a strategic move to enhance DP World’s capabilities in delivering precisely tailored solutions to its automotive clients. DP World already transports one in every ten new cars worldwide, and this acquisition brings new dimensions to the company's comprehensive suite of services.
CFR Rinkens, with its specialised expertise, provides invaluable proficiency in containerised finished vehicles, semi-knock-down vehicle logistics, and innovative racking systems. This will fortify DP World's position as a trusted partner for automotive clients, supporting them through the industry's transition to electric vehicles and the global evolution towards sustainable energy solutions
The Californian company brings its practice in delivering tailored logistics solutions to the emerging energy storage and battery life cycle industries. The acquisition fortifies DP World’s ability to customise its offerings to meet the evolving needs of its clients.
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"We are thrilled to welcome CFR Rinkens into the DP World family as we continue to deliver our strategy to provide innovative end-to-end logistics services to our clients. Our combined capabilities will empower our automotive clients to navigate the challenges presented by the industry’s shift to electric vehicles and the emerging green energy revolution," said Beat Simon, Global Chief Commercial Officer, Logistics at DP World.
"We are confident that integrating with DP World will empower us to expand into new markets and elevate our service offerings, ensuring unparalleled value for our clients," commented Christoph Seitz, CEO of CFR Rinkens.
Handling over 10% of global automotive trade and collaborating with top manufacturers, DP World leverages its interconnected network of ‘roll-on-roll-off’ (Ro-Ro) ports, sea vessels, warehouses, and freight forwarders to efficiently transport finished vehicles to global markets. Boasting 16 Ro-Ro terminals, shipping over 30,000 cars in containers annually, and offering storage solutions for over 1 million cars, DP World’s strategic sites handle 2 million car equivalent units each year, while also providing value-added services for dealer-ready vehicles.
Source: Seatrade Maritime
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