CFR hints at regional office expansion

In line with its stated objective of expanding its footprint in the region, CFR Freight has opened an office in Mauritius, and this could be the start of a regional expansion strategy for the independent air and seafreight consolidator. While future plans are strictly under wraps, managing director Martin Keck says that there are various options under consideration. Expansion could take place under the CFR banner or in conjunction with one of the company’s WorldWide Alliance partners. “The Mauritius office was a logical extension of our business, and the setting up of the office – which opened on September 1 headed up by Percy Lamy – was relatively smooth. “We will look at all opportunities coming our way and we believe that Africa is a continent of opportunity.” While there are no expectations that Africa will grow at the same pace as Asia as a continent and China or Vietnam as countries for example, CFR has seen significant growth in transhipments to Africa from the Far East – as well as higher demand into the African countries from South Africa, says director Peter Schmidt- Löffler. “In terms of groupage cargo, which is our focus, Kenya, Tanzania, Ghana and Nigeria offer the biggest opportunities,” says Keck. “There’s no doubt that Mozambique and Angola are big growth markets, but not so much in terms of LCL cargo.” The company currently offers regular sea freight services to Angola, Mozambique, Nigeria, Ghana, Kenya and Tanzania – and is always on the look-out for expansion opportunities. “We will continue to add services based on customer demand because we acknowledge the growth potential in the region.” While the challenges remain constant – poor infrastructure, monetary security, customs issues and corruption to mention a few – working with good agents is crucial and one of the strengths of the CFR operation, says Keck, helping to mitigate the problems.