Trans Global Projects has exited Hong Kong to consolidate operations further north in Shanghai and Dalian
TGP, a U.K.-based international project logistics specialist, is aiming to further align its global network with the Chinese market to ensure that it has a vital presence in the world’s second-largest economy and the leading economic power in Asia.
TGP chief executive, Colin Charnock, says that both new Chinese locations will offer TGP’s entire portfolio of services, including project logistics management, ship chartering, aviation logistics, supply chain management, logistics consultancy and procurement. However, he notes, “our main focus will be serving the export market from China for heavy equipment and machinery for the oil and gas, mining, power and renewables industries to project locations worldwide”.
The latest additions to TGP’s global family operate as Trans Global Projects China Limited. The new office in Shanghai serves as TGP’s Chinese headquarters at the centre of the country’s shipping industry, while the second office in Dalian provides proximity to customers in northeast China. TGP chose the two new locations to place a stronger strategic focus on China’s heavy industry heartland. A dedicated team of experienced industry professionals serves clients from the new offices and supports liaison between TGP’s headquarters in Europe and other network locations, both throughout the Asia Pacific region and globally.
Despite a recent slowdown in overall economic growth, China nevertheless remains a key driver of both the regional and global economy, and industry experts have predicted a 6.5% year-on-year growth for the Chinese logistics market in 2018, with the total value set to approach Rmb280trn (US$ 43.5trn) this year.
According to Mr Charnock: “The launch of our Shanghai and Dalian offices allows TGP not only to offer added value and services to our existing customers in China and the region, but also further expands our network and clientele in China”. He adds: “China’s huge export industry continues to prosper – driving growth in the Asia Pacific region and globally. We are pleased to welcome our Shanghai and Dalian colleagues on board to support TGP in keeping ahead of customer demand in this vital market”.