{"id":119931,"date":"2024-09-04T00:24:01","date_gmt":"2024-09-03T14:24:01","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=55823"},"modified":"2024-09-04T00:24:01","modified_gmt":"2024-09-03T14:24:01","slug":"uk-maritime-transport-bought-by-medlog","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=119931","title":{"rendered":"UK Maritime Transport bought by MEDLOG"},"content":{"rendered":"

Maritime Transport, the fast-growing UK rail and road logistics operator and terminal management company, has been bought out by MEDLOG. The Geneva headquartered global logistics and supply chain provider has taken control of the UK company starting today. The news had been kept quiet by both parties until the announcement. MEDLOG is the overland subsidiary of shipping giant MSC, which operates the largest container fleet in the world.<\/strong>
\n<\/span><\/p>\n

The Felixstowe-based UK firm Maritime Transport is passing to Naples by way of Geneva. The acquisition by MEDLOG will make the UK landslide logistics operator part of the MSC group. To what extent that may impact on Maritime rail operations, particularly intermodal traffic at Britain\u2019s busiest container port and rail terminal, is a matter of positive speculation. For now, however, it\u2019s business as usual.<\/p>\n

One of the success stories of British industry<\/h2>\n

After 23 years of steady growth, Maritime has attracted a powerful suitor in MSC through the Italian shipping company\u2019s land transport arm, MEDLOG. Initial reports are that the acquisition is a purely financial transaction. The management and brand of Maritime will remain in place. So, Britain\u2019s rails will still see the deep blue of Maritime\u2019s distinctive fleet of locomotives, which will not be usurped by the black-on-yellow of MEDLOG.<\/p>\n

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MEDLOG is part of MSC, the shipping giant that already frequents Felixstowe. Image: \u00a9 Hutchison Ports.<\/figcaption><\/figure>\n

Maritime was established in 2001 under the leadership of Executive Chairman John Williams, who remains at the helm of the company. It has been one of the success stories of British industry. Maritime has grown to become an asset-rich business with 41 sites, including a network of rail freight terminals, offering 36 daily rail services, many of them intermodal operations from Felixstowe. The company has 3,000 personnel, and in addition to its rail operations, it runs a fleet of 1,600 Euro-6-compliant heavy goods vehicles (HGVs).<\/p>\n

Common heritage, culture, values and understanding<\/h2>\n

Maritime is in good health. The last annual report returned a gross profit of over \u00a3100m (\u20ac117m). The company only opened a new container handling facility in Liverpool this week and has recently signed management deals to handle traffic at some strategically important rail and logistics terminals<\/a> in the UK. The latter developments may well be of interest to MSC\u2019s logistics management division, Terminal Investment Limited (TIL). There is, however, no hint of management passing out of the direct hands of Maritime.<\/p>\n

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John Williams, Group Executive Chair at Maritime Transport, broke the news of the company passing into the hands of MEDLOG. Image: \u00a9 Maritime Transport.<\/figcaption><\/figure>\n

\u201cWe are really pleased to have secured the long-term future of the business,\u201d said John Williams in comments made to our sister publication, WorldCargo News<\/a>. \u201c[We are now] part of an independent, global logistics organisation capable of providing the continued investment to help us with our exciting plans to develop the company for all our stakeholders. In MEDLOG, we share a common heritage, culture, values and understanding. We look forward to their support in realising the full potential of Maritime and our commitment to our valued employees, customers and suppliers.\u201d<\/p>\n

Wealth of knowledge within Maritime<\/h2>\n

John Williams went on to stress the continued independence of Maritime. \u201cWe will continue to develop practical, technology-driven, infrastructure-led supply chain solutions and set a high bar for service performance in the UK with new battery electric trucks on order and our rail terminals operating on an open access basis for existing and new customers.\u201d<\/p>\n

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Medway is the rail brand of MEDLOG. However, the familiar blue livery of Maritime is to remain, according to sources within the acquisition. Image: Wikimedia Commons. \u00a9 Nelso Silva.<\/figcaption><\/figure>\n

From Geneva, Giuseppe Prudente, the Chairman of MEDLOG, was equally enthusiastic about the prospect of expanding his company\u2019s logistics footprint in the United Kingdom. \u201cMEDLOG specialises in intermodal transportation, providing solutions in more than 80 countries,\u201d he said. \u201cThe wealth of knowledge within Maritime, coupled with the investment and expertise from MEDLOG, will power continued innovation into the UK\u2019s logistics infrastructure for the future in a manner that\u2019s aligned with our values and the respect we hold for the environment.\u201d<\/p>\n

Maritime\u2019s current management team, headed by John Williams, will remain with the business and continue to run the company, with new investment support from MEDLOG under the \u2018Maritime\u2019 brand.<\/p>\n

Original reporting by Jasmina Ov\u010dina Mandra at WorldCargo News, with additional UK insight by Simon Walton.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Maritime Transport, the fast-growing UK rail and road logistics operator and terminal management company, has been bought out by MEDLOG. The Geneva headquartered global logistics\u2026<\/p>\n","protected":false},"author":10,"featured_media":31722,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1150,72,13098,9473,13099,6899,89,90,47,7377,85],"tags":[12634],"class_list":["post-119931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acquisition","category-business","category-giuseppe-prudente","category-john-williams","category-marger","category-maritime-transport","category-medlog","category-msc","category-rail-news","category-takeover","category-uk","tag-railfreight"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/119931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119931"}],"version-history":[{"count":3,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/119931\/revisions"}],"predecessor-version":[{"id":121044,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/119931\/revisions\/121044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/31722"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}