AGS and Shipco joint venture - NGS World Transport

Shipco Transport (Shipco) and AGS World Transport (AGS) have announced a new joint venture in the New Zealand market. This will include the current business operations of Shipco Transport and ICT that has been operating in New Zealand since 2013.

Both Shipco and AGS will both own a 50% equity interest in the new joint venture  which will be branded NGS World Transport (New Zealand Groupage Services).

The new JV will officially commence operations on the 1 August 2022.

Terry Tzaneros (AGS – Executive Chairman) states that the new joint venture will significantly improve the overall service offering with enhanced services and trade lanes in Import / Export wholesale FAK freight, as well as new services in Airfreight that will mirror the overall service offering of their Australian Operations.

In a formal release, advice has been given that it will be business as usual between now and formal commencement date for staff and customers, with an intent to significantly grow the volumes and service offering post JV commencement. The new JV will operate on the CargoWise system, with a key focus being on integration and customer visibility, whilst also offering enhanced solutions that have recently been developed exclusively for AGS' operation in Australia. FORMAL RELEASE AVAILABLE HERE Paul Zalai - Director FTA |  Secretariat APSA | Director GSF