TWL, Lynden ink JV deal

Business, Main Stories

The National- Friday, February 4, 2011


PAPUA New Guinea’s biggest prime and logistic mover Trans Wonderland Limited (TWL) will venture into air and sea transport services to meet the growing logistics demand from the PNG LNG project and other new resource developments in the country.

This was revealed yesterday by TWL managing director Larry Andagali during the signing of a deal with one of world’s leading logistic movers – Alaska-based Lynden Logistics.

Lynden Logistics’ country manager Greg Vaughan lauded TWL’s plan and said: “From PNG we can build a sustainable global business.

“We are looking forward to the possibilities of developing a sustainable multimodal transport business and providing the best possible services in PNG and the Australasia region.

“It’s perfect for us to begin here in PNG and I have no doubt we can achieve that,” Vaughan said.

The companies signed the deal that would pave the way for them to develop an integrated transport and logistic company for fast, efficient and quality services to clients and explore other opportunities in the Australasian region.

Andagali said the deal marked yet “another significant milestone for TWL in its quest to becoming a truly integrated transport and logistics company”.

“I admire the commitment and determination for Lynden Logistics in developing a world-class company from its humble beginning as a two-truck company some 60 years ago.

He said Lynden and TWL have some parallel in history as both companies started small then grew with resource based development project.

“We also have an opportunity to use this relationship to explore benefits derived from setting up well-managed landowner future funds like Alaska Permanent Fund.

TWL, with a fleet of more than 70 prime movers and growing rapidly, makes the joint venture the biggest road transport company in PNG.

Meanwhile, Education Minister and Chairman of the Hela Transitional Authority James Marape commended TWL for achieving success as a landowner company.

Marabe has urged all the LNG project area landowners companies to unite for  successful business ventures