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PRESS RELEASE

Acquisition of German forwarder Fair Trade will boost Allcargo’s NVOCC

By Angelo Mathais, India Correspondent [email protected] 28/11/2022 India’s Allcargo Logistics has bought a majority stake in German forwarder Fair Trade in what it says is another targeted move to expand its NVOCC (non-vessel-operating common carrier) reach. Mumbai-based Allcargo also owns and operates global NVOCC operator ECU Worldwide. It said its subsidiary, Allcargo Belgium entered a…

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