Transport Trade Services

completed

Transport Trade Services S.A. (TTS or the company), its shipping subsidiary CNFR Navrom Galati S.A. (Navrom), its other subsidiaries and affiliates (the Group) are leading providers of freight forwarding, river shipping and integrated logistics services in Romania. TTS was founded in 1997 and its core operations entail the provision of shipping and handling (river, rail and sea) services to top tier Romanian and multinational clients. The Group is currently undertaking a $25 million capital investment program consisting of: - upgrading of engines and propulsion systems for twelve pushers; - building a grain storage and handling terminal in Constanta; and - refinancing the purchase of a 25 ton second hand floating crane. The project will improve TTS’ logistics infrastructure and asset quality, strengthen its product offering and enhance the modular nature of its services. The investment program will also improve the Group’s efficiency, enhance reliability, allow it to service more clients and reduce operating costs.