MSAS Global Logistics, a subsidiary of Ocean Group, is to create 135 jobs at a European services centre on a greenfield site on the outskirts of Dublin.

MSAS will centralise all its European financial operations at the location and expects to generate cost savings of around 30 per cent. Mr Tony Lascelles, director of corporate affairs and company secretary, said: "The facility will provide financial and information technology services on a pan-European basis for MSAS's air freight operations."