Shipco Korea will take over all activities currently handled by MTM in Seoul, Korea and will be staffed with the current MTM personnel already in place. Existing MTM customers in Korea can expect 'business as usual' as the transition from MTM to Shipco will be seamless.
'We are very excited about this new venture. MTM Freight is highly respected in their market and bring along a broad knowledge of the NVOCC business. We believe that the synergies that already exist between our two companies will result in a force to be reckoned with when brought together under the banner of Shipco Transport,' commented Klaus Jepsen, Shipco's Group CEO.