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Archive for October 6th, 2011

DHL Launches New Ocean Freight Lanes to Africa

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SINGAPORE, Sept. 27, 2011 /PRNewswire-Asia/ —

  • Less than Container Load network expanded by additional lanes from Bremen to Ghana, Kenya and South Africa
  • Energy, automotive and manufacturing sectors benefit from the new services

DHL Global Forwarding, the Deutsche Post DHL Group’s specialist for air and ocean freight, has established three new direct connections between Germany and the African continent. Transit times for Less Than Container Load (LCL) shipments on the three new lanes between Bremen and Tema (Ghana), Cape Town (South Africa) and Mombasa (Kenya) will be shortened by 5 to 6 days.

Amadou Diallo, CEO, Africa and South Asia Pacific, DHL Global Forwarding, said, “In 2010, Germany exported some 20 billion Euros worth of goods to Africa(1). The new LCL services to Tema, Cape Town and Mombasa will help German companies transport their goods faster to Africa, enabling more efficient trade. These new direct ocean freight lanes allow additional savings of up to 10% in CO2, when compared with the previous offering.”

“Movement of goods between Germany and Africa is on the upswing. We note a growing demand among our customers for transports to these emerging countries. Our LCL services take account of this demand,” says Peter Grabsch, LCL Gateway Manager Ocean Freight Germany.

Marc Meier, Senior Vice President, Ocean Freight & Head of Global LCL, DHL Global Forwarding, said, “German companies from the energy, automotive and manufacturing sectors have long been conducting business in Africa, and have benefited from the existing Full Container Load services. They can now benefit from the expansion of the LCL network to three important new destinations in Africa.”

DHL currently operates the world’s largest LCL network with close to 2,000,000 cubic meters of LCL freight handled annually via 45,000 point-pairs. As a global leader in LCL, DHL carries more than 97 per cent of its total volumes in house. The in-house systems and strong global network enables the control of cargo flow, information flow, speed, accuracy, cost efficiency and reliability. Going beyond port to port, DHL LCL service also offers a complete end-to-end supply chain management that includes pick-up at origin, consolidation and deconsolidation, delivery at destination and customs clearance.

All LCL services are accompanied by DHL’s first-class IT solutions such as DHL Track & Trace and other tools to allow full visibility throughout the whole supply chain. For complete peace of mind, DHL also provides insurance services to customers as a value-added service. DHL’s Shippers Interest Insurance (SII) covers losses or damages of all cargo transported by DHL, as well as transportation costs.

(1) “Trade and security key to Germany’s new Africa policy”,,,15155184,00.html


DHL – The Logistics company for the world

DHL is the global market leader in the logistics industry and “The Logistics company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers. A global network composed of more than 220 countries and territories and about 275,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting climate protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of more than 51 billion euros in 2010.

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Written by asiafreshnews

October 6, 2011 at 3:24 pm

Posted in Uncategorized

Saxo Bank Continues International Expansion with New Office in Moscow

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SINGAPORE, Oct. 5, 2011 /PRNewswire-Asia/ — Saxo Capital Markets’ parent company, Saxo Bank, the online trading and investment specialist, today announced the opening of a new representative office in Moscow in order to respond to growing demand by Russia’s sophisticated investor base.

The opening of the Moscow office is a strategic move by the Saxo Bank Group to strengthen and expand its position as a leading provider of online trading and investment solutions. The office will act as a broker boutique offering Russian investors a broad list of exchanges and instruments available through Saxo Bank’s award winning trading platform.

There have been promising developments in Russia this year, with retail sales growth accelerating in August reaching 7.8% year on year (y/y). Unemployment declined whilst real wage growth picked up to 3.9% y/y which has filtered through to every segment from discount to luxury. Consumers’ increasing maturity and sophistication has increased the HNW sector of the market and thus stimulated their risk appetite and desire for better returns, which fits Saxo Bank’s investor profile.

The Moscow office will be headed by newly appointed COO Igor Dombrovan, who says:

“Sustainable success is driven by customer focus, and the new representative office will enable us to have greater access to clients in Russia. The Russian retail market has demonstrated solid growth rates over the last several years, making the sector one of the most actively developing markets in the economy. This has been fuelled by growth in the overall economy, growing consumption and an increasingly organised marketplace. The new office will enable us to further support and educate this growing market with its highly sophisticated investor base.”

Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank, said in a joint statement:

“While opening an office in Moscow is a strategic decision to support our European expansion and growth strategy, it has always been a priority for Saxo Bank. Russia has always been a good market for Saxo Bank because Russian clients are highly sophisticated investors. The new office will enable us to provide a more comprehensive on-the-ground service to clients and potential clients in the region.”


Saxo Capital Markets Pte. Ltd. (“Saxo Capital Markets”) is licensed as a Capital Market Services provider and an Exempt Financial Advisor, and is supervised by the Monetary Authority of Singapore.

Risk Warning: You should carefully consider whether trading in leveraged products is appropriate for you in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, you could both gain and lose large amounts of money. You may sustain losses in excess of the moneys you initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.

For further information, please see:

About Saxo Capital Markets

Saxo Capital Markets Pte Ltd is a wholly-owned subsidiary of Saxo Bank A/S, the online trading and investment specialist. It serves as the Asia Pacific headquarters and holds a Capital Markets Services license from the Monetary Authority of Singapore. Saxo Capital Markets also holds a Commodity Broker licence from The International Enterprise Singapore.

Clients can trade Forex, CFDs, Stocks, Futures, Options and other derivatives via SaxoWebTrader and SaxoTrader, its leading multi-asset online trading platforms.

SaxoTrader is available directly through Saxo Capital Markets or through one of its institutional clients. White labelling is a significant business area for Saxo Capital Markets, and involves customising and branding of its online trading platform for other financial institutions and brokers.

Saxo Bank is headquartered in Copenhagen with regional offices in Singapore, Hong Kong, Milan, Madrid, London, Dubai, Amsterdam, Tokyo, Athens, Zurich, Prague and Paris. Saxo also operates representative offices in Sydney, and now, Moscow.

Saxo’s position as an established FX house and its leading role in the foreign exchange market has been recognised by the industry’s leading reviews. In 2011, the Saxo Bank Group picked up six awards at the Euromoney annual FX survey for the following categories: Best Improved Overall Market Share by Volume ($10bn – $25bn) and ($5bn – $10bn), Best Speed of Execution, Best Research and Analytics, Best Effective Risk Management and Execution Strategies and Best Integrated Workflow and Compliance Solutions. Saxo Bank was also named “Best Forex Broker in Northern Europe” and “Best White Label Solution Provider” in the World Finance Foreign Exchange Awards 2011.

For more information, please visit

Media contacts:

Saxo Capital Markets Pte Ltd
Celeste Fong
Tel: +65 6303-7713


SOURCE Saxo Capital Markets Pte Ltd

Written by asiafreshnews

October 6, 2011 at 11:55 am

Posted in Uncategorized