What GENNAKER LTD does

GENNAKER LTD (legal entity SIA "GENNAKER", registration 40203367645) is a private B2B logistics and freight forwarding company founded in December 2021 and headquartered at Terbatas street 14, office 501, Riga, Latvia, with a legal registered address at Elizabetes iela 45/47, Riga. The company provides international freight transportation across all major modes — air, sea (including FCL, LCL, RORO, and multimodal), truck (FTL/LTL) and rail — alongside customs clearance, cargo insurance, and end-to-end freight forwarding services. It also offers ancillary domestic trucking and warehousing capabilities via its Additional Services module.

The company serves business customers requiring international cargo movement, with stated geographic coverage spanning European countries, the CIS, China, Southeast Asia, and America, and claims 430+ destinations served and 120K+ shipments completed since founding. It claims direct partnerships with ship owners, terminals, operators, and charterers as a source of pricing and transit-time advantage, and positions experienced specialists with local regulatory expertise as a key differentiator.

Commercially, GENNAKER operates a consultative, sales-led B2B go-to-market with no public pricing; quotes are provided on request via phone (+371 280 22 944), email ([email protected]), or a website contact form. Revenue derives primarily from transaction-based freight transportation fees and professional services fees for forwarding, customs clearance, and insurance coordination. Marketing is conducted through a multilingual website (English, Russian, Latvian), LinkedIn, and Instagram. The company is privately held with no disclosed investors, no funding rounds, no M&A activity, no patents, and no certifications on record.

Name

GENNAKER LTD

Legal name

SIA GENNAKER

Website

https://gennaker.lv

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

GENNAKER LTD is a Riga, Latvia-based B2B freight forwarder founded in 2021 that provides multi-modal international transportation (air, sea, truck, rail), customs clearance, cargo insurance, and freight forwarding services to businesses shipping across Europe, the CIS, China, Southeast Asia, and America.

Ownership category

akta.pro rank

Product category

International Freight Forwarding and Logistics Services

NAICS

General Freight Trucking (4841), General Freight Trucking, Long-Distance (48412), Marine Cargo Handling (488320)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Less-Than-Truckload (LTL) / Groupage Forwarding (TLACACAB)

Keywords

• International freight forwarding
• Multimodal cargo transportation
• Customs clearance services
• Cargo insurance brokerage
• B2B logistics solutions

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Freight Transportation Services: GENNAKER LTD generates revenue through providing international freight transportation services across multiple transport modes including air, sea, truck, and rail. Revenue is derived from transportation fees charged for cargo delivery, with pricing based on transport type, distance, cargo volume, and urgency. The company emphasizes competitive rates and tariffs as part of their value proposition.
2. Freight Forwarding Services: Revenue generated from freight forwarding services provided since company foundation. The company works with terminals, ocean and feeder lines, customs authorities, and port services, charging fees for coordination and management of cargo movement throughout its journey.
3. Customs Clearance Services: Revenue from carrying out all necessary customs documentation and procedures for customers. Fees are charged for customs clearance services including document preparation and compliance handling.
4. Cargo Insurance Services: Revenue generated from offering cargo insurance services to protect goods during transportation against damage or loss. Insurance premiums are charged based on cargo value and coverage requirements.
5. Additional Logistics Services: Revenue from domestic trucking services and warehousing capabilities offered as supplementary services to core transportation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

GENNAKER LTD is a Riga-based logistics company that arranges international freight transportation by air, sea, truck, and rail between Europe, CIS, China, Southeast Asia, and America. It coordinates end-to-end shipments as a freight forwarder, working with ship owners, terminals, ocean and feeder lines, customs authorities, and port services, and complements transportation with customs clearance documentation and cargo insurance. Since its December 2021 founding, the company has reported 120K+ shipments handled and 430+ destinations served.

Product overview

GENNAKER LTD operates as a logistics company offering a comprehensive suite of freight transportation and logistics services. The core portfolio includes five primary transportation modes: Air Transportation (for urgent deliveries), Sea Transportation (the most economical option for long distances), Truck Haulage (road freight covering Europe, Asia, and the Middle East), and Rail Transportation (for reliable long-distance delivery). Supporting these transportation services are three additional service pillars: Customs Clearance (handling all documentation and compliance), Cargo Insurance (protecting goods against damage or loss), and Freight Forwarding (end-to-end coordination with terminals, ports, and carriers). The Additional Services module provides domestic trucking and warehousing capabilities. Together, these services enable the company to offer door-to-door and port-to-port cargo delivery across European countries, CIS, China, Southeast Asia, and America.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Transportation Air freight transportation service for urgent cargo delivery, providing the fastest shipping method using aircraft of different types and capacities on international flights from EU countries and worldwide destinations. Intended for businesses with time-sensitive shipments.
• Sea Transportation International sea freight service providing economical long-distance cargo delivery, including FCL, LCL, RORO, port transshipment, and multimodal transportation combining sea with rail or road. Designed for businesses moving large volumes internationally at the lowest cost per unit.
• Truck Haulage Road freight transportation service covering FTL (full truckload) and LTL (less-than-truckload) shipments throughout Europe, Asia, and the Middle East, with import, export, and transit capabilities for last-mile and cross-border delivery.
• Rail Transportation Long-distance rail freight service offering container and wagon transportation, oversized cargo handling, loading scheme and fastening, and terminal handling at border stations. Built for businesses needing reliable and economical overland delivery on Eurasian corridors.
• Customs Clearance Customs documentation and procedures handling service covering all necessary customs paperwork and compliance steps. Experts familiar with local regulations ensure smooth and quick customs processing for import and export shipments.
• Cargo Insurance Cargo insurance service protecting goods against damage or loss during transportation, based on international standards and covering almost all types of goods. Designed to give shippers financial protection across all transport modes offered.
• Freight Forwarding End-to-end freight forwarding service coordinating cargo movement with terminals, ocean and feeder lines, customs authorities, and port services, leveraging direct partnerships with ship owners, terminals, operators, and charterers. The company has provided this service since its December 2021 founding.
• Additional Services Supplementary logistics services including domestic trucking capabilities and warehousing facilities, providing comprehensive supply chain support alongside the company's international freight offerings.

Quantifiable outcome

• 120K+ shipments completed
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• DSV: DSV is a Danish global transport and logistics company offering air, sea, road, and rail forwarding plus customs solutions. Comparable to GENNAKER for the full multi-modal service stack, with a European heritage similar to Latvia's regional context, though at far greater scale.
• DB Schenker: DB Schenker is a German-headquartered global logistics provider with extensive European land transport, air, ocean, and contract logistics operations. Comparable to GENNAKER as a European multi-modal forwarder, though at significantly larger scale.
• Yusen Logistics: Yusen Logistics is a Japanese global logistics provider with strong air, ocean, road, and contract logistics across Europe and Asia. Comparable to GENNAKER for multi-modal forwarding across European and Asian corridors relevant to Gennaker's CIS/China focus.
• Expeditors: Expeditors International is a US-based asset-light global logistics company specializing in air and ocean freight forwarding plus customs brokerage. Comparable to GENNAKER for air/sea forwarding and customs services, but operates globally with a much larger book.
• Kuehne+Nagel: Kuehne+Nagel is a top-three global freight forwarder headquartered in Switzerland with strong sea, air, road, and contract logistics offerings. Comparable to GENNAKER across the same multi-modal service stack, but at global scale with major technology investments.
• Maersk Logistics & Services: Maersk's Logistics & Services division provides end-to-end ocean, inland, and customs services built around its carrier network. Comparable to GENNAKER in offering integrated sea forwarding, customs, and door-to-door capabilities, but backed by global ocean capacity.
• Hellmann Worldwide Logistics: Hellmann is a German mid-sized global logistics company offering air, sea, road, and rail forwarding plus customs and contract logistics. Comparable to GENNAKER as a multi-modal forwarder serving similar SME shippers, but at larger scale with broader geographic reach.
• DHL Global Forwarding: DHL Global Forwarding is the world's largest air and ocean freight forwarder (Deutsche Post DHL Group). Comparable to GENNAKER because it offers the same air, sea, road, and rail forwarding plus customs services, but at vastly greater global scale.

Direct peers

• Girteka: Girteka is one of the largest asset-based road transport companies in Europe, headquartered in Lithuania. Comparable to GENNAKER as a Baltic-region freight operator with multi-modal and cross-border capabilities, though substantially larger in scale.

Emerging players

• Flexport: Flexport is a US-based digital freight forwarder offering air, ocean, truck, and rail forwarding through proprietary technology. Comparable to GENNAKER for the multi-modal forwarding model and SME shipper focus, but differentiated by a tech-forward platform approach.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sia-gennaker
• Instagraminstagram.com/gennakerinc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GENNAKER LTD