The Rhenus Group and the Catoni Group have established a joint venture, Rhenus Catoni Logistics, to enhance the supply chain connection between the Danube region in Central Europe and Turkey and its surrounding area.
The two founding firms hold equal shares of the new company, which was launched on July 1. The major focus of the business will initially be transporting bulk commodities and breakbulk cargo. The Rhenus Group, a European logistics provider, will contribute two of its own vessels to the joint venture.
The management board of the newly founded company includes four members: Thomas Ullrich, managing director of Rhenus Maritime Services; Patrick Schäffer, managing director in charge of Rhenus Group’s Danube business activities; Jonathan Beard, chairman of the Catoni Group, a Turkish shipping agency; and Serdar Ayirtman, CEO of the Catoni Transport Division.
“Turkey and its neighboring countries in the South Caucasus and Middle East area are increasingly moving closer to the European single market,” Schäffer said in a written statement. “The flows of goods associated with this, particularly involving raw materials and agricultural products, are increasingly finding their way to Western and Central Europe via the Black Sea and the river Danube.”