The Indo-Pacific accounts for around a third of non-European EU trade, making it the EU’s most important foreign trade region. At the same time, the Indo-Pacific is the fastest-growing region in the world. The EU has already concluded free trade agreements with Korea, Japan, Singapore and Vietnam – in view of the market size and rapid growth, there is still a great deal of potential here.
“This is highly relevant for our customers,” says Philipp Strenge, our Managing Partner. “Together with our TANDEM network, we will now further expand trade lanes between China and Southeast Asia, such as Vietnam, Singapore and Indonesia, as well as between China and South America.” To this end, our corporate law activities in the region have now been reorganized.
In 2007, we were a founding member of TANDEM; we are a shareholder in the international network and, through our air and ocean freight division RSACI, the exclusive partner company for Germany.
We have now acquired shares in TANDEM Holding (HK) Limited with retroactive effect from January 1, 2023. At the same time, this company is joining our China company – resulting in the new operating company TANDEM Rieck Shanghai Co. Ltd.
And that means?
In China, in addition to our headquarters in Shanghai, we now have offices in nine other cities to serve you: Beijing, Dalian, Guangzhou, Kunshan, Ningbo, Qingdao, Shenzhen, Tianjin, and Xiamen. We are continuing to expand our trade lanes between China and Southeast Asia, as well as between China and South America.
Thanks to this new structure, we have also virtually doubled our volume and revenue—which will have a positive impact on our ability to purchase capacity from carriers.
In addition, the two transactions have strengthened the TANDEM network and further advanced its global orientation. The Management Board of the new China company includes Philipp Strenge and Robert Powell (both for TANDEM Holding) and Shiye Zhou (for RSACI Germany). Our experienced RSACI China manager, Jecy Shen, will take over as CEO of the new company.
Do you have questions about the new tradelanes or capacities from or to China? Please contact sha@rieck-logistics.com.
