Toll Global For­ward­ing in Cyprus through fran­chise agree­ment

Financial Mirror (Cyprus) - - FRONT PAGE -

Toll Global For­ward­ing (TGF), a divi­sion of Toll Group, the Asia Pa­cific re­gion’s lead­ing provider of trans­port and lo­gis­tics, has es­tab­lished a pres­ence in Cyprus with a fran­chise of­fice fully op­er­a­tional as of July 1.

The es­tab­lish­ment of the of­fice – through an agree­ment signed lo­cally with Lak­tar­get Freight Lim­ited, a sub­sidiary of the Li­mas­sol-based Lavar Ship­ping and mem­ber of the RPT Group of com­pa­nies – was prompted by re­cent de­vel­op­ments in the en­ergy in­dus­try in Cyprus and the wider eastern Mediter­ranean re­gion.

Of­fer­ing a com­pre­hen­sive net­work of in­ter­na­tional freight for­ward­ing, and ad­vanced sup­ply chain man­age­ment ser­vices, the lo­cal Toll fran­chise will also in­tro­duce the Sea-Air ser­vice, a hy­brid mul­ti­modal trans­port sys­tem via Dubai that halves ocean freight tran­sit times.

Speak­ing upon fi­nal­i­sa­tion of the agree­ment, Vice Pres­i­dent of Global Fran­chises for TGF Jeff Khoury said, “The coun­try has found it­self at the heart of some very en­cour­ag­ing re­gional de­vel­op­ments in the off­shore oil and gas sec­tor, and our aim is to pro­vide high-qual­ity for­ward­ing so­lu­tions to meet re­gional de­mand and help move these ex­cit­ing pro­jects for­ward.”

“Toll’s pres­ence will raise the bar in the pro­vi­sion of for­ward­ing ser­vices”, said Regi­nos Tsanos, CEO of Lavar Ship­ping and Chair­man of the RPT Group. “This fran­chise agree­ment rep­re­sents yet an­other step to­wards re­al­is­ing our vi­sion of Cyprus as a ship­ping and en­ergy hub.”

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