Panalpina handles Samsung ocean freight and warehousing

Samsung Panama has selected Panalpina to handle most of their FCL (full container load) ocean freight traffic from Asia-Pacific to Panama in 2010. Samsung estimates to handle 1’500 to 2’000 TEU’s with Panalpina this year.

In addition, Samsung has awarded Panalpina a three-year extension contract for their warehouse operation in the Colon free trade zone with approximately 8’000 sqm.

Samsung also contracts Panalpina to handle direct deliveries from their factories in Asia and North America (including Mexico) to Central and South America.

Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164,600 people in 179 offices across 61 countries, the company consists of seven independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.

The Panalpina Group

The Panalpina Group is one of the world's leading suppliers of forwarding and logistics services, specializing in end-to-end supply chain management solutions and intercontinental air freight and ocean freight shipments. Thanks to its in-depth industry know-how and state-of-the-art IT systems, Panalpina provides globally integrated door-to-door forwarding services tailored to its customers' individual needs. The Panalpina Group operates a close-knit network with some 500 branches in over 80 countries. In a further 80 countries, it cooperates closely with partner companies. Panalpina employs approximately 13,500 people worldwide.