Southeast Asia growth takes edge off slowing China

Kerry Logistics Group Managing Director William Ma talks to reporters in Hong Kong after announcing the 2015 results.
“We have held on to our customers, so instead of shipping their cargo out of Shanghai, some of them are now shipping out of places like Thailand,” he told reporters at the Hong Kong-listed group’s 2015 results press conference.
In Thailand, phase one of the Kerry Bangna Logistics center was completed and is a sorting center for Kerry Express and a fulfilment center for e-commerce customers. The phase four expansion of Kerry Siam Seaport has begun and should be finished by 2019 as it is developed into a cargo gateway for increasing trade with the Association of Southeast Asian Nations.
In other developments during 2015, Kerry Logistics’s strategic cooperation with China Railway Import and Export Company will allow the integration of the rail network with that of Southeast Asia. Cross-border trucking services under KART were extended further through China, Vietnam, Thailand, Malaysia and Singapore, and three new scheduled weekly shuttles were added to provide long-haul trucking and door-to-door delivery services.