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JAS AROUND THE WORLD

News From JAS Worldwide - Global Focus

JAS Worldwide

6195 Barfield Rd.
Atlanta, GA 30328

PRESS RELEASE

By
January 28, 2021
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JAS Worldwide, the global freight forwarding services provider headquartered in Atlanta, GA, is pleased to announce that it has signed a Share Purchase Agreement with Geopost, the international parcel division of French group La Poste, whereby JAS will acquire Tigers, a freight forwarding and supply chain management subsidiary of Geopost, once all regulatory approvals have been obtained from the relevant authorities.

Since its creation in Hong Kong in 2011, Tigers has developed a suite of tech-enabled integrated logistics services, from freight forwarding to omni-channel supply chain management, for corporate clients around the globe. Tigers operates through 70 offices in 10 countries, including 32 state-of-the-art omni-channel distribution hubs, and has 935 employees.

Marco Rebuffi, CEO of JAS, says: "Through the acquisition of Tigers, JAS is broadening its range of logistics services, adding omni-channel supply chain management capabilities, supported by advanced digital solutions, to help our customers ramp up their B2C e-commerce operations. JAS' and Tigers' teams share the same entrepreneurial spirit which has underpinned the success of both companies and will ensure the continuous development of the enlarged group".

Olivier Storch, Geopost Executive Vice President for Asia-Pacific & Americas, says "Geopost has, at an early stage, identified the development potential in Tigers' innovative approach to logistics. Under the Geopost parentage, Tigers has delivered an impressive growth on the back of booming e-commerce. With its global footprint and vast experience in solving the logistics challenges of its customers, JAS is the ideal partner to bring Tigers to the next step in its successful journey".

JAS is advised by BNP Paribas and Eversheds Sutherland. Geopost is advised by OCFA and RHTLaw Asia.

About JAS Worldwide

JAS was founded in 1978 in Milan, Italy. Over the last four decades, JAS has grown from regional roots to a global force in freight forwarding. Today, JAS covers 90+ countries with 335 offices and official agents, and has over 4,000 employees globally.

About Geopost

Geopost, owned by the French group La Poste, is the holding company of DPD Group, the largest international parcel delivery network in Europe, whose 77,000 experts deliver every day 5.3m parcels to clients around the globe.

Latest News

This year Earth Day takes place on April 22nd and focuses on the theme of restoring Earth. Since its beginning over 50 years ago, it has been a day focused on bringing about awareness and action for the protection of the Earth.  

While every April the world celebrates Earth Day, at JAS, we are committed to sustainability year around. One way JAS does this is through our eco-friendly buildings and warehouses located across the globe.

JAS Germany’s Green Roof Extensive:

Located just 5 minutes from the Frankfurt Airport, JAS’s multi-user warehouse in Frankfurt, Germany, is JAS’s first to feature a green roof extensive. The green roof extensive spans close to 11,000 sqm and is characterized by its shallow-rooted and hardy plants such as grasses and succulents. The green roof also helps with energy savings by protecting the warehouse from direct solar heat when it is hot and minimizing heat loss through the roof due to the extra insulation provided by the plants on the rooftop when it is cool.

JAS Italy Roof Top Solar Power: 

When constructing the JAS Segrate site, sustainability was of high importance. Therefore, solar panels to harness sunlight and generate electricity were installed. The solar panels allow the office to replace most of its electricity usage with renewable energy, creating a more sustainable energy solution. By utilizing this energy-efficient renewable energy source, JAS is able to combat greenhouse gas emissions and reduce our collective dependence on fossil fuels such as coal and natural gas, from which traditional electricity is sourced.

As the world comes together to celebrate Earth Day this week, JAS is continuing its commitment to promote environmental sustainability by creating an environmentally friendly atmosphere within every aspect of our organization. We believe that with the implementation of sustainability globally, we can work together to effectively reduce concerns such as pollution, the use of natural resources, and harmful greenhouse gasses.

The Ever Given was successfully re-floated within the Suez Canal at 15:04 local time on March 29th.

Yesterday it was revealed that the Suez Canal Authority (SCA) formally arrested the Ever Given pending settlement of around $916 million. An Egyptian judge granted permission for the SCA to seize the vessel after it lodged the compensation claim against its Japanese vessel owner, Shoe Kisen.

The SCA says it intends to maintain the vessel’s arrest until the claim is paid, a position that has caused fury among the ship’s insurers and ship managers, and led charterer Evergreen to investigate whether it could use a court order to treat vessel and cargo separately.

The SCA claim includes $300m for salvage and $300m for “loss of reputation”, which appears set to be rejected by the vessel’s insurer, the UK P&I Club, which revealed it had already made a compensation offer to the SCA this week.  

Release from the UK P&I Club:

“Despite the magnitude of the claim, which was largely unsupported, the owners and their insurers have been negotiating in good faith with the SCA.
“On 12 April, a carefully considered and generous offer was made to the SCA to settle the claim. We are disappointed by the SCA’s subsequent decision to arrest the vessel today. We are also disappointed at comments by the SCA that the ship will be held in Egypt until compensation is paid, and that its crew will be unable to leave the vessel during this time. The SCA has not provided a detailed justification for this extraordinarily large claim.
“The grounding resulted in no pollution and no reported injuries. The vessel was re-floated after six days and the Suez Canal promptly resumed its commercial operations.
“The claim presented by the SCA also does not include the professional salvor’s claim for salvage services, which owners and hull underwriters expect to receive separately. The P&I aspects of the claim are relatively modest, with the exception of a claim for loss of reputation, which is disputed.”

Ian Beveridge, CEO of the vessel’s manager, Bernhard Schulte Shipmanagement (BSM), also voiced his concern over the arrest.

“The SCA’s decision to arrest the vessel is extremely disappointing. From the outset, BSM and the crew on board have cooperated fully with all authorities, including the SCA and their respective investigations into the grounding.

“This included granting access to the voyage data recorder and other materials and data requested by the SCA,” Mr Beveridge added.

Evergreen said it had begun to look at other ways to free cargo trapped on board, adding: “In order to lift the arrest order as soon as possible, Evergreen is urging all concerned parties to facilitate a settlement agreement to be reached.

“Meanwhile, Evergreen is investigating the scope of such a court order and studying the possibility of the vessel and the cargo on board being treated separately,” it said.

BMS said the Ever Given’s classification society, the American Bureau of Shipping, had completed its inspection following the incident and it had “been declared suitable for onward passage to Port Said, to be assessed again before departing for Rotterdam”.

March 21, 2021, marked the end of the 7-month truce period between the employer of the longshore men working at Canada's Port of Montreal and the Union representing its longshoreman. Once the truce period ended, a strike could be called at any time with only 72 hours pre-notice. This weekend, the Union sent a notice to call a partial strike.

The union management has stated that as of April 13, the longshoremen will no longer work overtime or participate in any training activities. If no agreement or truce is reached by April 17, union members will no longer work on the weekends.

This comes after the port, which is the largest in Eastern Canada, saw a substantial drop in volume reduction after many businesses began to divert cargo to other ports such as the Port of Halifax due to fears that a strike would occur.

The looming strike threatens to put further pressure on ports that are already under stress due to a global container and equipment shortage.

As the situation continues to develop, please do not hesitate to contact your local JAS representative to discuss alternative options and raise any questions you might have.

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