Damco assisting Kerui's global growth
The global freight forwarder and logistics provider Damco is extending its partnership with the China-based Shandong Kerui Holding Group Co Ltd, a supplier of high-tech petroleum equipment and technical services for oilfield engineering. Damco has delivered oilfield products from Tianjin and Zhengzhou (China) to South America and Europe on behalf of Kerui since 2013. The Chinese company recently gained further strength on logistics lead time and cost, thanks to Damco's ocean and air freight expertise.
Kerui's turnover increased by 70.6% in 2013, while that from overseas business surged by 83%. As global demand for oilfield products continues to grow, Kerui expects a 130% growth in turnover over the next three years.