Establishment of Sallaum Group in Switzerland
Sallaum Lines SA
Sallaum Lines SA is an international ocean transportation company, specialized in global RORO cargo shipping of new and used vehicles. The company does business with global freight forwarding companies and vehicle manufacturers in Europe, USA, West Africa, and the Mediterranean.
Being the 8th largest vehicle carrier in the world, the company’s global network consists of offices in six and agents in seventeen countries.
The company, which has never had a negative P&L in its history, is currently undergoing several capital increase phases. At the end of the final phase the company is expected to reach +$300M in annual revenue at a 15-25% gross profit margin.
15-25% within 3-5 Years
Ranked Top 10 Worldwide with 45% Market Share - And GrowingSallaum Lines is the 8th largest vehicle carrier on the planet and has shipped 1M+ vehicles to date. The company is gaining market share year over year: in 2018, it stood at 45% of the market share, compared to all other companies shipping vehicles from Europe and the US to West Africa.
Powered by Software Technology Which Puts the Customer FirstContinuous investments in innovative, tailor-made software enables the company to compete even with much larger global players. The company’s technology behind the shipping process delivers a truly premium quality customer experience and creates loyal customers, which in turn increases profit margins.
RORO Cargo ShippingThe company specializes in RORO shipping of new and used vehicles on board its high-capacity Pure Car/Truck Carrier (PCTC) vessels.
Besides new and used cars, Sallaum Lines transports other vehicles such as trucks, busses, trailers, and high & heavy machinery.
Terminal OperationsSallaum Terminal in the Port of Antwerp functions as the main hub of Sallaum Enterprises’ shipping activities in Europe. The terminal offers a full range of services for vessel/truck loading and discharging, quality control and inspection, and open and closed storage.
Other Cargo ShippingSallaum Lines’ vessels also carry break bulk cargo, project cargo, and timber and steel.
|Highlights||Expected gross profit margin: 15-25% within 3-5 Years and Ranked top 10 worldwide with 45% market share and growing|
|Headquarters||Oberhasli, Switzerland (Dubai, UAE prior 2020)|
|Offices||6 offices in 6 countries|
|Major Customers||Freight forwarders, OEMs, vehicle dealers|
|Major Markets||Europe, United States|
Markets & Customers
The company’s direct customers are small to large freight forwarders, OEMs, and vehicle manufacturers looking for reliable ocean transportation of their valuable cargo from Europe and USA to West Africa and the Mediterranean.
Sallaum Lines operates a fleet of owned and chartered vessels on three shipping routes with 20+ ports called:
- Route 1: Europe to West Africa
- Route 2: USA to West Africa
- Route 3: Europe to the Mediterranean
Shipping is a half-a-trillion US dollar industry, measured by the rates that freighters charge for their services. 90% of the world’s trade is carried out by the international shipping industry, which operates over 50,000 merchant ships.
The shipping industry’s continued and strong growth is fueled by the world’s rising demand for fast global transportation, to which the shipping providers are responding with competitive freight costs and growing shipping efficiency.
Each worth up to $200 million, modern shipping vessels are sophisticated high-tech assets on their way to becoming even more valuable to their owners. New technologies such as autonomous / unmanned ships, AI, and cloud computing are poised to revolutionize the industry while further driving down operational costs and increasing the providers’ profit margins.
The company’s general managers bring decades of experience in leadership, management, and the shipping industry to the table.
Abed StouhiChief Executive Officer
David Van BallaertManaging Director - Belgium
Kay LemckeManaging Director - Germany
Company expansion into Germany, Cotonou and Togo
Acquisition of the first vessel - Silver Sun
Acquisition of the second vessel - Silver Moon
US market expansion: new fleet route from USA to West Africa
Establishment of Sallaum Lines SA as a shipping line in Dubai
Fleet expansion to up to 10 owned and chartered vessels
Opening of 12 agencies in West Africa
Acquisition of terminal in Antwerp, Belgium
Sallaum Lines SA acquired by SAFICO Holding
Invest in Success
By investing in SAFICO Holding, Sallaum Lines’ parent company, you’re investing in a growing, carefully diversified portfolio of profitable and promising companies, supervised by SAFICO’s strong management team.See Investment Opportunities