Lancer Container Lines enters into mega MoU with this African Organization

Lancer Container Lines has announced that it has entered into a memorandum of understanding (MoU) with a large African Institution which will help the company to establish a strong presence in the African region.

The logistics solution provider and its subsidiaries are aiming to mark its presence in various areas like port logistics, container yard, shipping, and more, which would boost profitability of the company, an official statement said.

Lancer has entered into Memorandum of Understanding (MoU) with The African Peace and Security Union, a Pan African organization located in the 54 Countries that are located in the African Continent, as per the statement.

It is looking to cover its interest in the segment of Port Logistics, ICD Port, Warehousing, Shipping, Container Trading, Project Cargo, Container Yard, Freight Forwarding and all related requirements.

Global investors including Nomura and Elara have been constantly increasing their stake in the company, and currently holds 13.6 per cent as of now.

Lancer Container Lines Ltd is an international leading logistics service provider. The Company is operating over 86 overseas ports and all ICD locations and major ports in India.

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