MOKPO, South Korea, Jan 12, 2024 – (ACN Newswire) – Pertamina International Shipping (PIS) has strengthened its fleet by adding two Very Large Gas Carriers (VLGC), giant gas tankers optimized for transporting LPG both domestically and internationally. Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world’s largest gas tankers, environmentally friendly and using the latest technology.
The twin tankers, each spanning twice the length of a football field, were constructed at Hyundai Samho shipyard in South Korea and officially launched on Tuesday, January 9th. The ownership of these tankers is a result of the collaboration between PIS and BGN, the global energy and commodities trading company, which commenced in December 2022 and accelerated with the signing of an agreement in October 2023.
The launch of these new vessels was officiated by the President Director of PT Pertamina (Persero) Nicke Widyawati, Group CEO of BGN Ruya Bayegan, President and CEO of Hyundai Samho Heavy Industries Shin Hyeon Dae, CEO of Pertamina International Shipping (PIS) Yoki Firnandi, and witnessed by Pertamina Commissioner Iggi Haruman Achsien and PIS Commissioner Lina Santi.
“The presence of these two VLGC ships will undoubtedly enhance the capability of the Pertamina Group in securing energy supplies to support national energy resilience. Their cutting-edge technology is evidence of Pertamina Group’s commitment to sustainable business,” said Pertamina’s President Director Nicke Widyawati.
The latest VLGCs, said Nicke, have also been qualified to sail internationally, thereby expanding Indonesia’s presence in the global shipping arena.
Ruya Bayegan, Group CEO of BGN, added: “We are delighted to see these two modern, efficient ships on the water, thanks to our collaborative partnership with PIS. We are pleased to help strengthen the energy security of Indonesia at the same time as supporting BGN’s global energy and commodities trading platform with these maritime assets.”
Yoki Firnandi, CEO of PIS, said that as the Sub-Holding Integrated Marine Logistics (SH IML) of Pertamina, PIS plays a crucial role in ensuring the national energy distribution of Indonesia, an archipelagic country where nearly two-thirds of its territory is ocean.
PIS plans to continue expanding its tanker fleet for transporting LPG and other gas commodities. “We plan to add 6 VLGCs in 2024, starting with these 2 VLGCs at the beginning of the year, which will further strengthen PIS’s position in the global LPG transportation business. The purchase of these environmentally friendly VLGCs is in line with our mission to be a maritime logistics company supporting Indonesia’s NDC target by 2030,” Yoki said.
The vessels’ sustainability advantages that contribute to the global energy transition include having dual-fuel tanks, enabling the optimization of low sulfur fuel and gas. The vessels can transport not only gas or LPG but also petrochemical commodities such as ammonia.
The latest technology on VLGC Pertamina Gas Tulip and Pertamina Gas Bergenia is said to improve the ship’s speed with even more efficient fuel usage, up to 16%. Moreover, these vessels have incorporated Artificial Intelligence (AI) and Augmented Reality (AR) technologies into their operations.
The names Tulip and Bergenia were chosen as they hold special meanings for PIS, which may also be applied to BGN. The Tulip symbolizes magnificence, while Bergenia signifies strength.
With the addition of these vessels, PIS’s fleet now totals 97 units, including 61 tankers operating internationally. “We are optimistic that this number will continue to grow in the future, in line with the company’s targets,” concluded Yoki.
HONG KONG, Dec 14, 2023 – (ACN Newswire) – Hong Kong exports are expected to grow by 4% to 6% next year – a sharp contrast to the 11% decline in the city’s export levels recorded for the period between January and October this year.
This optimistic outlook is driven by the significant increase in demand for electronic components, partly on account of growing demand for AI-enabled devices and other finished products, which play a crucial role in boosting the city’s prospects.
Commenting on the likely upturn in Hong Kong’s export performance, Hong Kong Trade Development Council (HKTDC) Director of Research Ms Irina Fan said: “The unique properties of Hong Kong’s electronics-orientated export economy make it almost ideally positioned to take full advantage of the imminent rebound in demand for high-tech components.”
The Hong Kong Export Outlook forms part of the review of the city’s export prospects conducted annually by HKTDC Research. This wide-ranging review takes into account a wide array of factors, including many key global, regional and local economic indicators.
Light at the end of the tunnel
Despite many of the factors restraining Hong Kong’s 2023 export growth likely to remain in place next year, HKTDC Research’s confidence is based on the widespread acknowledgment that the electronics sector – which accounts for 70% of all of Hong Kong’s exports – is expected to enjoy rapid growth in 2024, partly on account of growing consumer and business demand for AI-enabled PCs.
“Demand in this sector is certain to bolster the local economy overall, ensuring that Hong Kong’s wide exporter base will be fully ready and adequately resourced to take advantage of wider global economic recovery, which is expected to come to fruition over the course of 2025,” she added.
Continuously softened sentiment in the near-term
Export growth is set to come after continuously softened export sentiment this year. The HKTDC Export Index contracted 5.5 points to 35 in the fourth quarter of 2023, indicating Hong Kong exporters have become more cautious amid rising geopolitical tensions, in particular the Israel-Gaza conflict, and sluggish external demand.
Exporter sentiment has declined across four of the six major industry sectors. Machinery at 40.3 (up 0.9 points) was one of the better-performing sectors, followed by electronics at 34.8 (down 6.0 points). Less optimistically, toys suffered the most substantial decline, falling 12.8 points to 29.4.
Based on a quarterly HKTDC survey of 500 exporters from six major industries – clothing, electronics, jewellery, machinery, timepieces and toys – the index above 50 indicates an optimistic outlook and below 50 pessimistic.
India, Taiwan and Mainland China markets promising
Sentiment in all key export markets remains below 50. However, sentiment towards India (42.7, up 10.1 points) is the most positive, followed by Taiwan (42.5, up 4.8 points) and Mainland China (39.5, up 0.9 points). Meanwhile, exporters were less confident, when it came to their export prospects to the EU (34.6, down 2.6 points) and the US (33.6, down 2.8 points).
Economic risks and geopolitical tensions concerns
Looking ahead, economic risks remain the top concern for 2024. The majority (84.7%) of respondents saw economic slowdowns or recession risks in overseas markets as the major challenge, followed by ongoing geopolitical tensions (62.5%) and rising transport costs / disruption to logistics and distribution obstructions (41.8%).
Ensuring sufficient cash flow clearly stands out as the focus for next year, with over half of the exporters intending to adopt cash flow management, significantly more than in the last survey in the third quarter this year (32%). More exporters also aim to maintain competitiveness by providing a wider range of value-added services (44.5%) and increasing marketing and promotional activities (41.2%).
HKTDC Research Principal Economist Mr Wing Chu said in addition to the common strategy of cash flow management, different industries favour various approaches. “For example, businesses in the electronics, timepieces and machinery sectors are keen to increase marketing, promotion or business matching in the coming year. Those in jewellery and clothing sectors, meanwhile, are more inclined to prioritise the use of e-commerce to drive sales growth,” he added.
HKTDC Director of Research MsIrina Fan (left) and Principal Economist Mr Wing Chu (right) announced the Hong Kong’s Export Outlook 2024 and the HKTDC Export Index for the fourth quarter of 2023 at a press conference today
HKTDC Director of Research Ms Irina Fan
HKTDC Principal Economist Mr Wing Chu
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Jane Cheung Tel: (852) 2584 4137 Email: jane.mh.cheung@hktdc.org
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
CHICAGO, IL, Dec 4, 2023 – (ACN Newswire) – AELF announced today that it has welcomed Alexander “AJ” Issenman to the company as Director of Capital Markets. Issenman joins AELF from Seabury Capital, where he served as a Director at Seabury Capital Management focusing on merchant banking and capital markets transactions across the aviation, aerospace and defense sectors within the merchant banking and capital markets group.
“We are grateful to add AJ to our team as we seek to broaden the reach of our leasing business,” said Victoria Ricks, spokesperson for AELF. “AJ’s background and experience make him a great addition to the strategic growth of our portfolio of leased aircraft.”
AELF owns and leases a fleet of A330s which include a mix of high-density seating, dual-class seating, and light cargo configurations. This year the company has begun expanding its investment in 737-800s.
“I’m eager to get into the market with all that AELF has to offer,” said Issenman. “The company’s unique capabilities, creative and nimble approach, offer a lot to airlines and other partners in the industry. I’m excited by all that can be achieved in this new role.”
AELF reports it will seek to put capital resources to work with the acquisition of aircraft subject to lease. “For several years we have focused on acquiring dormant aircraft and sourcing new lessees. With AJ coming aboard, we’re expanding our focus, and leveraging the experience of our team and Board,” Ricks said.
“With significant available capital resources and comfort in acquiring “stub leases” or dormant aircraft, AELF is a perfect partner for fleet phase outs or the sale lease back of a specific aircraft type from an airline’s fleet plan,” Issenman said.
About the AELF Group
Aircraft Engine Lease Finance Inc. (“AELF”), which also conducts business as AELF FlightService, is an experienced leader in commercial aircraft leasing, finance, and air transport solutions for cargo and passengers. AELF is also a shareholder in widebody ACMI operator MalethAero AOC Limited. The group offers a full spectrum of services ranging from long-term operating leases, sale leasebacks and finance sales, as well as short and long-term ACMI contracts. It is unique in its ability to offer wet-to-dry leasing arrangements that enable airlines to test out new routes under Maleth’s operation before embarking on a dry lease with AELF, and unique ACMI partnerships allowing lessors to put their dormant aircraft into revenue service temporarily or long-term, among other custom solutions. Learn more at AELF-FlightService.com. For the latest updates, follow us on LinkedIn, and Instagram.
DUBAI, Dec 2, 2023 – (ACN Newswire) – Pertamina International Shipping (PIS) and KAPOWERSHIP are proud to announce the formalization of a groundbreaking General Partnership Agreement (GPA) to develop critical energy infrastructure in Indonesia.
The partnership was formalized during the COP28 in Dubai, Friday (1/12), signifying the parties’ joint commitment to providing cleaner, more accessible energy solutions on a global stage.
The agreement, signed by CEO of PIS Yoki Firnandi, and DoÄŸan Karadeniz, founding partner of KARPOWERSHIP. The signing moment was witnessed by President Director of PT Pertamina (Persero) Nicke Widyawati and Rabin Indrajad Hattari, the permanent secretary at the State-Owned Enterprises (SOE) Ministry of Indonesia.
Under the GPA, both entities will join forces to explore and implement various initiatives aimed at advancing the energy landscape in Indonesia and beyond. The key focus areas include power generation opportunities with a special focus on cutting-edge Powership technology; unlocking gas assets through liquefaction with a great potential of a Floating Liquefied Natural Gas (FLNG) development and deployment; collaborating on LNG infrastructural projects including Floating Storage and Regasification Units (FSRUs) and small-scale LNG distribution.
Both parties will also work together on extensive studies for the development of alternative fuel sources, including hydrogen, ammonia, methanol, and other biofuels. This reflects a shared commitment to exploring sustainable, cleaner energy solutions.
Nicke Widyawati, President Director of PT Pertamina (Persero), highlighted this collaboration between PIS and KARPOWERSHIP was a form of commitment to the energy transition to ensure Net Zero Emissions 2060.
“Collaboration is about exploring other business opportunities to optimize existing assets, such as floating mini-LNG and floating CNG facilities. We believe this development is the key to the energy transition because gas is a bridge to renewable energy,” Nicke added.
Highlighting the strategic importance of this collaboration, the founding partner of Karpowership DoÄŸan Karadeniz said: “We look forward to working together with PIS both in Indonesia and Southeast Asia and supporting countries in their important energy transition paths.”
This collaborative venture is poised to drive positive change in the energy sector, combining Karpowership’s expertise in efficient modular power generation with PIS’s commitment to supporting ongoing energy transition and sustainable energy initiatives. The partnership also establishes a flexible framework for both parties to explore lucrative business that contribute to the country’s economic development while simoltaneuosly accelerating the global transition to cleaner and more sustainable energy sources.
About KARPOWERSHIP:
The energy transition company Karpowership is the pioneer of the modern Powership. With over 25 years of experience in the floating power plant industry, Karpowership has over 6,000 MW of installed capacity globally via its Powerships and onshore plants, as well as a fleet of floating LNG infrastructure which includes LNG carriers and floating storage and regasification units (FSRUs). Operating in 14 different international markets across 4 continents, Karpowership provides a fast, flexible, and reliable solution to energy demand, and can provide base load, mid-merit, or peak-shaving electricity generation capacity to a host’s grid. As a plug-and-play solution, the company’s Powerships can deploy and begin generating electricity in as little as 30 days.
About PIS:
PT Pertamina Internasional Shipping (PIS) as a Sub-holding of Integrated Marine Logistics (IML) PT Pertamina (Persero) carrying out all shipping, marine services, and logistics businesses. Serving Pertamina Group, PIS shows its track record and expertise in distributing energy across the Indonesia’s waters. PIS owns more than 400 vessels including 96 owned tankers, 6 fuel and LPG storage terminals and operates 140 ports. With extensive and comprehensive services, PIS aggressively expands its non-captive market and already sailing in 50 international routes throughout the globe. Continuously strengthen the company with highly capable, experienced professionals, and wide-ranging fleet and facilities, PIS is committed to delivering excellent services.
For media inquiries or further information, please contact: Muh. Aryomekka Firdaus Corporate Secretary of PT Pertamina International Shipping M.: (+62) 811-872-272 E.: aryomekka@pertamina.com
HONG KONG, Nov 22, 2023 – (ACN Newswire) – The annual flagship event in the logistics, maritime, aviation and supply chain industry, the Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded successfully after two fruitful days. This year, near 80 experts and industry leaders in shipping, air transport, logistics and supply chains participated in 20 thematic forums, sharing insights on hot topics in the industry. The conference attracted over 2,000 participants from 36 countries and regions, providing a platform for discussing industry trends and exploring business opportunities.
The Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded successfully today, attracting over 2,000 physical participants from 36 countries and regions
Digital future: shaping the new landscape of supply chains
This year’s conference theme was Future-proofing Supply Chains: Diversification. Decarbonisation. Digitalisation. Industry giants led discussions on the challenges and potential of global supply chains, as well as how companies could effectively drive business growth and promote sustainable development through supply chain transformation and innovation in the current economic environment. Digital transformation emerged as the optimal strategy to consolidate Hong Kong’s position as a logistics hub and to optimise supply chains for enterprises.
Gladis Araujo, Former Global Supply Chain Strategy Vice President of at Mattel Inc and Business Partner & Chief Supply Chain Officer at Prodensa Group noted that the pandemic has brought challenges and opportunities as well as technology progress and visibility. “The only way to move forward is to innovate and to take business to the next level. It is essential to work on creating a resilient and agile supply chain, in which we have a truly competitive advantage in our business, where the foundation is ESG and sustainability. And using technology as an enabler, or as a tool to make this thing happen, in an ecosystem that should be human-centred, in which I see that the new role of the game is collaboration.”
Gladis Araujo, Former Global Supply Chain Strategy Vice President of at Mattel Inc and Business Partner & Chief Supply Chain Officer at Prodensa Group (centre)
The road to zero carbon: building green supply chains
Global corporate development has irreversibly embarked on a decarbonisation path. Industry representatives delved into the impact of impending carbon taxes and other environmental, social and corporate governance (ESG) measures, as well as how the 3D approach – decarbonisation, digitalisation and decentralisation – could bring businesses sustained development opportunities. David Benattar, Sustainability Lead, The Warehouse Group Limited, expressed his view that the first challenge was to create a culture of sustainability. Transformation is probably one of the biggest challenges and the opportunities that could fully transition organisations. “The efficient way to create a culture was to do things that touch you very personal. Think about what type of activities will result again in that mindset of sustainability transformation. It’s a work that you have to do every day, like going to the gym and even building a muscle that you need to build in the organisation.”
David Benattar, Sustainability Lead, The Warehouse Group Limited (left)
Diversified logistics development fosters regional connectivity
With the Regional Comprehensive Economic Partnership (RCEP) coming into full effect in June, coupled with collaborations such as railway transportation and multimodal connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), regional interconnectivity has been strengthened, enabling the logistics industry to diversify its development and mitigate risks.
Thomas Kowitzki, Vice President, Global Head of China Rail at DHL Global Forwarding, said the Belt and Road Initiative had transformed logistics chains between Asia and Europe. During the pandemic years, rail freight was the sole viable solution. The Middle Corridor (through Turkey) had potential. It was not a matter of a fast, flexible alternative. “It’s more about connecting as well as the Central Asian countries. You see the push from China towards Central Asia and the Middle Corridor routing is addressing its markets.”
Logtech Salon showcases innovative applications of logistics technology
During ALMAC, close to 100 exhibitors showcased cutting-edge logistics and supply chain solutions from across the world. The inaugural Logtech Salon displayed robots, AI and data systems tailored for the industry, allowing participants to explore developments and applications in the field of innovation and technology.
This year, three workshops debuted, focusing on ESG, E-commerce and Youth Empowerment giving industry professionals from different sectors the latest and most practical information.
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Nov 21, 2023 – The 13th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), commenced today (21 November) at the Hong Kong Convention and Exhibition Centre.
In her welcoming remarks, Margaret Fong, Executive Director of the Hong Kong Trade Development Council (HKTDC), stated, “With collaboration the lynchpin of the success of the logistics, maritime and aviation industries, all sectors of society must come together to address supply chain vulnerabilities”
This annual gathering for the logistics, maritime and aviation sectors attracts industry professionals from around the world. Themed Future-proofing Supply Chains: Diversification – Decarbonisation – Digitalisation, the conference draws nearly 70 speakers to share their insights in 20 forums, fostering exchange and discussion on industry developments. Fu Xuyin, Vice Minister of the Ministry of Transport of the People’s Republic of China delivered the Keynote Address in person, and Financial Secretary of the HKSAR Government Paul Chan was the Guest of Honour and delivered Opening Remarks.
Paul Chan, Financial Secretary of the HKSAR Government, delivered the opening address
Welcoming participants, Margaret Fong, Executive Director of the HKTDC, said: “With collaboration the lynchpin of the success of the logistics, maritime and aviation industries, all sectors of society must come together to address supply chain vulnerabilities. Industry players, supply chain management service providers and shippers from all over the world once again gather in Hong Kong for this annual event, underlining the city’s status as a key logistics, maritime and aviation hub. ALMAC highlights the myriad of opportunities arising from increased regional connectivity, with a focus on the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and Regional Comprehensive Economic Partnership (RCEP) as well as the development of railways connecting China to Europe. In light of the importance of greener, more sustainable supply chains today, industry leaders will discuss the opportunities and challenges that come with reducing emissions across supply chains as well as the circular economy. We also have sessions on how you can better integrate sustainability into your business operations.”
The Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, jointly organised by the HKTDC and the HKSAR Government, commenced today (21 November) at the Hong Kong Convention and Exhibition Centre and will run until tomorrow
In his speech, Mr Chan, the Financial Secretary, mentioned: “There will be more business with the ASEAN (Association of Southeast Asian Nations), Middle East and indeed the Belt and Road countries. In other words, the demand for logistics, maritime and aviation services with and within this region will rise rapidly. The trade figures published by China and economies in these regions have demonstrated such a clear trend. And Hong Kong will remain committed to our super-connector role and be a platform providing high value-added logistics, maritime, aviation, financial and risk management services. We will continue to be a steadfast supporter of free trade and multilateralism, advocating for the reduction in trade barriers, and the free flow of goods and services, people and capital.”
Reshaping global supply chains: accelerating diversification
Supply chains are essential for trade and business development. In recent years, global geopolitical factors, freight supply imbalances, surging transportation costs and labour shortages have challenged the industry, highlighting the need to establish people-centric, innovation-driven, collaborative and sustainable supply chains executed in real time. RCEP has created the world’s largest free trade area, contributing to the consolidation and strengthening of regional industrial supply chains.
Prominent industry leaders, including Gladis Araujo, Former Global Supply Chain Strategy Vice President of at Mattel Inc and Business Partner & Chief Supply Chain Officer at Prodensa Group, and Phil Showering, Chief Supply Chain Officer at Ghassan Aboud Group and Chief Executive Officer at Gallega Global Logistics, discussed global supply chain challenges and potential under the theme Driving Global Economic Growth through Supply Chain Transformation. During the session, Mr Showering said: “Pandemic has pushed all the industry stakeholders to change and prioritise collaboration for the first time. Work with all kinds of suppliers and ports to develop new trade lines, as well as with government entities, and with countries. We can facilitate collaboration through electronic trade, breaking down new barriers.”
As global trade evolves, supply chains continue to diversify, prompting businesses to actively recalibrate and decentralise supply chain networks. Adeline Franger Chouraqui, CEO, CMA CGM Greater China; Thomas Kowitzki, Vice President, Global Head of China Rail, DHL Global Forwarding and Semyon Pak, Managing Director for International Business and Member of the Management Board, Kazpost JSC, shared insights at the Power Dialogue session Spotlight on Asia: Reshaping the Global Supply Chains. They explored cooperation in areas such as RCEP, the GBA, railway transportation and multimodal transportation, emphasising the need to strengthen regional connectivity.
Digital transformation fortifies Hong Kong’s shipping, aviation hub status
The Policy Address by HKSAR Chief Executive John Lee last month presented several recommendations to consolidate Hong Kong’s position as an international shipping centre and aviation hub. These included establishing a smart port to strengthen competitiveness by setting up a port community system to facilitate the flow and sharing of data among operators and other stakeholders in shipping, ports and logistics.
International technology company representatives, including Andrés de León, Chief Executive Officer, HyperloopTT; Rachelle Woodsford, Global Head of Strategic Customers, Dronamics; Kyongsoo Noh, Chief Operating Officer, Seadronix Corp; and Nathan Zeng, CFA, Senior Director of Global Technology Services, Hai Robotics, discussed revolutionary solutions and cutting-edge technologies driving the modernisation of logistics and intelligent supply chains.
Challenges and opportunities of green transformation
As the International Maritime Organization, under the United Nations, set the net-zero target for carbon emissions from international shipping at 2050, green business has become an irreversible trend. Peter Hui, Vice Chairman, Textile Council and Willy Lin, Chairman, Hong Kong Shippers’ Council, will delve into implications of impending carbon taxes and other environmental, social and governance (ESG) measures during tomorrow’s SCM & Logistics Forum.
Shippers – including industries from various sectors in apparel, sports, electronics and e-commerce – join this year to gain insight into innovative logistics solutions. At tomorrow’s Shippers’ Forum – themed E-commerce Logistics and Fulfillment – Lai Tze Siung, Chief Logistics Officer, Pomelo Fashion, Ma Wei, General Manager of JD Logistics Hong Kong Express Business and MaoLingke, General Manager of Air Freight Department, Cainiao Global Supply Chain, will present best practices on e-commerce logistics and fulfillment, covering such areas as warehouse optimisation, last-mile delivery, supply chain traceability and visibility, to empower businesses to streamline operations and stay competitive in the e-commerce landscape.
Facilitating business networking is a key focus point for the HKTDC and is an important aspect of this event, enabling collaboration and mutual success across various industries. The exhibition segment is also a conference highlight as nearly 100 exhibitors showcase cutting-edge logistics and supply chain solutions from around the world. The inaugural Logtech Salon will display robots, artificial intelligence systems and data systems tailored for the industry, giving insiders valuable insights into developments and applications of innovative technology in the field.
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
Singapore/Munich, Nov 15, 2023 – (ACN Newswire) – Over 7,300 participants from more than 60 countries attended the inaugural transport logistic Southeast Asia and air cargo Southeast Asia, with resilient supply chains, sustainability and digitalization were the dominant themes at this first transport logistic Southeast Asia and air cargo Southeast Asia, which took place in Singapore from 1 to 3 November 2023. Singapore, the Netherlands, Germany, and China were represented with official country pavilions. During more than 50 conference sessions covering current industry topics, visitors had the opportunity to gain insight into industry trends.
The participation of 135 exhibitors from 23 countries and over 7,300 industry professionals at the first transport logistic Southeast Asia and air cargo Southeast Asia reflects the great economic potential of the region. Key factors include the advantageous geographical location, growing consumer demand and the desire of numerous companies to diversify their production and supply chains.
“The positive response to the inaugural transport logistic Southeast Asia and air cargo Southeast Asia shows the enormous interest in the Southeast Asian logistics market and is a confirmation of the decision to expand the transport logistic cluster to this region. The trade fair offered decision-makers an efficient and practical platform for exchanging ideas in person and establishing and expanding business relationships,” says Michael Wilton, CEO & Managing Director of MMI Asia, Messe München Regional HQ, Singapore.
Ravishankar Mirle, Vice President Cargo Commercial Operations, Far East & Australasia from Emirates SkyCargo, also confirms this impression: “I think it has been a very good experience for the last three days. We have had some action-packed activities, and it has been an opportune moment for the logistics ecosystem to convene together. We have been at the time where we’re just coming out of Covid, the production and distribution hubs in the region have been changing. It has been an opportune moment for us to meet our business partners, our customers, our clients – to share insights, share best practices, and to plan for the future.”
As an integral part of transport logistic Southeast Asia, air cargo Southeast Asia also brought together the entire air cargo industry in Singapore. In addition to the exhibition of leading international and regional companies such as Boeing, Emirates SkyCargo, Singapore Airlines, United Cargo, Jettainer, Garuda Indonesia, MAS Kargo, Vietjet Cargo and ACL Airshop, the conference program included, for example, a panel discussion on “Building resilient and reliable airfreight solutions for high-tech cargo”. During this session, experts from DB Schenker, Changi Airport and Etihad Cargo gave the audience insights into their corporate strategies.
Conference programs deal with trend topics
The conference program at transport logistic Southeast Asia comprised around 50 accompanying events on two stages, providing a platform for the latest industry trends and discussions. Among the highlights of the program were the sessions on the Southeast Asian countries of Singapore, Vietnam, Malaysia and Indonesia: The experts explored the extent to which diversification strategies have impacted Southeast Asian production locations and their supply chains and clearly illustrated the potential in the region. During the “Germany: Logistics from Germany – Logistics for The Future” presentation at country-focused Germany sessions, hosted by Your German Logistics (YGL), companies like BlueBox Systems, PRIOjet Logistics, and Logwin Air + Ocean International discussed technical innovations and the reliability of supply chains between Asia and Europe. On the Exhibitor Stage, companies from logistics, sea and air freight, such as DHL, dnata, Gebrüder Weiss, Incheon International Airport and Singapore Airlines, provided practical insights into their sustainability and digitalization strategies, among other things. At the same time, the special conference on Project Cargo offered up-to-date information on trends, challenges and opportunities in the general cargo and heavy lift sector in Southeast Asia.
“I think it was a great conference, for us it was wonderful because it was very effective and impactful. We did get a chance to meet a lot of shippers, airlines and supply chain enthusiasts. Especially because Messe München originates from Germany, we did have a lot of leverage out of exposure into the European market, and Wiz as a company is definitely looking at Europe as the next step in terms of our expansion. There was also a lot of emphasis on digital transformation, which is of course something on which Wiz bases its expansion on. From that perspective, it did makes sense, and it was a great conference. Congratulations to Messe München!” summarizes Bipin Chinnappa, CCO – APAC & Head – Global Accounts of Wiz Logtec Solutions.
The next transport logistic Southeast Asia and air cargo Southeast Asia will take place from 29 to 31 October 2025 at Sands Expo & Convention Centre, Singapore. For more information, please visit: https://transportlogisticsea.com/.
About MMI Asia Pte. Ltd
A full subsidiary of Messe München GmbH, MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of Messe München’s world leading brands to the Southeast Asia market. transport logistic and air cargo Southeast Asian editions are organized by MMI Asia Pte Ltd.
transport logistic exhibitionsThe international industry network of transport logistic exhibitions consists of twelve events. In addition to the leading international trade fair transport logistic in Munich, transport logistic China is held every two years, alternating with it in Shanghai, China. In Turkey, Messe München and EKO Fair Limited organize the logitrans International Transport Logistics Exhibition in Istanbul every year. Messe München is organizing transport logistic Americas, which will be held every two years in Americas started in 2022. In November 2023, transport logistic Southeast Asia took place in Singapore for the first time. At all trade fairs, the air cargo sector plays an essential role. As part of transport logistic in Munich, air cargo Europe is the world’s largest air cargo trade fair, while air cargo China is the leading event in Asia, in addition, air cargo Southeast Asia is focusing on this segment in Singapore. air cargo India and air cargo Africa are independent trade fairs for the industry.
About Messe München
Messe München is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center München, the Conference Center Nord and the MOC Veranstaltungscenter München as well as abroad. Together with its subsidiary companies, Messe München organizes trade shows in China, India, Brazil, Singapore, South Africa and Turkey. With a network of associated companies in Europe, Asia, Africa, and South America, and with around 70 representatives abroad for more than 100 countries, Messe München has a truly global presence.
NEWMARKET, ON, Nov 10, 2023 – (ACN Newswire) – Terradyne Armored Vehicles Inc. successfully completed the final vehicles ordered by the Ukraine Ministry of Health through the State Enterprise Medical Procurement of Ukraine.
Durward Smith, President and CEO of Terradyne, commented, “Dealing with the State Enterprise Medical Procurement team was nothing but professional. The entire process was transparent and open from beginning to end. Ukraine can be proud of what this team has accomplished.”
The vehicles, 13 in total, were funded through United 24 (www.u24.gov.ua), which is a fund-raising initiative of President Zelensky. Protection levels are according to NATO STANAG 4569 level II, which means they can stop armour-piercing bullets. In addition, they come equipped with run-flat tire technology, winches, NATO stretchers and can transport multiple wounded personnel sitting or in stretchers across rough terrain.
According to Oleg Klots, Head of Logistics Department, State Enterprise – Medical Procurement of Ukraine, “Terradyne has been great to deal with and once we received the first vehicle, it was beyond our expectations. It was absolutely perfect. These vehicles will be critical to evacuate injured soldiers and civilians from dangerous areas. They will definitely save lives.”
Terradyne is a recognized leader in the light tactical wheeled / SWAT / light MRAP / rescue and evacuation vehicle product range with many governments and police/law enforcement agencies around the world choosing Terradyne due to superior ballistic and blast protection along with a long-standing reputation for quality made products. Terradyne headquarters is located just north of Toronto, Ontario, Canada.
HONG KONG, Nov 7, 2023 – (ACN Newswire) – The Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, the annual flagship event for logistics and supply chain industry, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Government of the Hong Kong Special Administrative Region (HKSAR), returns to the Hong Kong Convention and Exhibition Centre on 21 and 22 November. In his latest Policy Address, HKSAR Chief Executive John Lee proposed measures to strengthen Hong Kong’s position as an international maritime centre and aviation hub.
Introducing highlights of the 13th Asian Logistics, Maritime and Aviation Conference (ALMAC) at media briefing are the Hon Frankie YICK Chi-ming, GBS, JP, Chairman of HKTDC Logistics Services Advisory Committee and Member of Legislative Council (Functional Constituency – Transport) (R) and Dr Patrick Lau, Deputy Executive Director of HKTDC
This year’s conference, themed Future-proofing Supply Chains: Diversification · Decarbonisation · Digitalisation, will focus on adopting diverse strategies to address global trade changes and uncertainties, promoting carbon reduction, facilitating sustainable development and globally showcasing Hong Kong’s advantages. Digitalisation will also emerge as a key supply chain management trend and industry experts will share insights on accelerating business development through digital transformation.
Prominent industry leaders will gather at ALMAC, with representatives from industry giants such as CMA CGM, Dell, DHL, FedEx, UPS and JD Logistics. They will share insights on five key thematic areas – 1) global trade outlook and supply chain trends, 2) supply chain diversification, 3) connectivity and collaboration driving trade development, 4) sustainability, and 5) innovation and technology.
Dr Patrick Lau, Deputy Executive Director of the Hong Kong Trade Development Council (HKTDC), said: “With the Government’s new Policy Address announcing a number of initiatives to promote Hong Kong’s logistics industry by sea, land and air, and the launch of the Action Plan on Modern Logistics Development, the ALMAC is a timely event to help the industry explore new opportunities and develop co-operation. This year’s conference will be attended by a strong line-up of invited guests. Fu Xuyin, Vice Minister of the Ministry of Transport of the People’s Republic of China, will deliver a keynote address at the conference on the first day (21 November). Many international giants in the logistics, shipping and air freight industries will discuss the latest hot topics and share their insights with the industry. Three new workshops will be staged, where industry practitioners will share practical tips on Environmental, Social and Governance (ESG), E-Commerce and Youth Empowerment to promote comprehensive development of the logistics industry.”
The Government’s newly released Action Plan on Modern Logistics Development outlines five major directions for Hong Kong’s logistics industry development – intelligence, modernisation, greening and sustainability, internationalisation and facilitation – with a view to realising long-term development of the industry and enhancing its competitiveness, helping companies grasp opportunities and enhance competitiveness and sustainable development.
Echoing the ALMAC 2023 theme, conference sessions will focus on business opportunities and development in these focal areas.
Driving business growth and strengthening regional collaboration
At the plenary session – Driving Global Economic Growth through Supply Chain Transformation – Rob McIntosh, Senior Vice President, Global Fulfillment, Logistics & Trade, Dell Technologies; Jeremy Goldstrich, Vice President of North Pacific Operations at FedEx; Gladis Araujo, Former Vice President of Global Supply Chain Strategy at Mattel and Business Partner & Chief Supply Chain Officer of Prodensa Group, and Phil Showering, Chief Supply Chain Officer at Ghassan Aboud Group and Chief Executive Officer at Gallega Global Logistics will discuss challenges and potential of global supply chains and how businesses can effectively drive growth and promote sustainable development through supply chain transformation and innovation in the current economic environment.
In the first Power Dialogue, Adeline Franger Chouraqui, CEO, CMA CGM Greater China; Thomas Kowitzki, Vice President, Global Head of China Rail, DHL Global ForwardingVishal Sharma, CEO, Greater China, DB Schenker and Assel Zhanassova, Member of the Board of Directors, CEO, Kazpost will examine the strategies on leveraging regional trade and supply chain integration to seize the regional opportunities. The panelists will discuss the Regional Comprehensive Economic Partnership (RCEP) trade bloc, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), development of rail logistics and multimodal connectivity, and how to enhance logistics industry collaboration and connectivity in the region.
Promoting green logistics and carbon reduction strategies
Decarbonisation is a hot market topic and sustainable development is crucial for businesses to respond to global concerns and ensure long-term operational success. In the Power Dialogue on the second day, Tim Edmunds, Partner for Sustainability Strategy & Transformation, PwC; Andrew Clennett, Co-founder and Chief Executive Officer, Hiringa Energy; David Benattar, Sustainability Lead, The Warehouse Group Limited; Peter Harris, Vice President, International Sustainability, UPS and Serena Mak, Executive Director, Sustainable Finance, Institutional Banking Group, DBS Bank (Hong Kong) Limited will explore challenges and opportunities in reducing supply chain carbon emissions, application of new energy and promoting a circular economy.
Digitalisation and technologies drive smart logistics development
Technological advances are rapidly transforming the logistics industry, fundamentally changing how businesses deploy logistics resources to digitally transform enterprises. In the Logtech Forum, international technology company representatives such as Andrés de León, Chief Executive Officer, HyperloopTT;Tim Martin, Chief Revenue Officer, Dronamics; Kyongsoo Noh, Chief Operating Officer, Seadronix Corp; and Nathan Zeng, CFA, Senior Director of Global Technology Services, Hai Robotics will discuss revolutionary solutions and cutting-edge technologies driving the development of modern logistics and intelligent supply chains. On the other hand, Arun Nandi, Head of Data & Analytics, Unilever, will share insights on applying generative AI to business processes and supply chain management, including demand forecasting, production, inventory management, warehouse operations and transport optimisation. Understanding the potential of generative AI and how it can revolutionise modern supply chains will enable businesses to establish more efficient and flexible networks.
Shippers are important logistics industry stakeholders. Last year, shippers accounted for 35% of ALMAC participants and they are well-known brands from various industries such as fashion, sports, electronics, e-commerce and retail sectors. This year’s Shippers’ Forum will focus on E-commerce Logistics and Fulfillment. Lai Tze Siung, Chief Logistics Officer, Pomelo Fashion and MA Wei, General Manager of JD Logistics Express Business Hong Kong will discuss best practices in e-commerce logistics and distribution, including warehouse optimisation, last-mile delivery, supply chain traceability and visibility. These insights will help businesses streamline operations and maintain competitiveness in the sector.
Three new workshops provide practical tips and strategies
Three workshops will debut this year, providing practical tips and strategies for participants, covering regulatory developments, investment practices and practical techniques for measuring and reporting ESG and circular economy indicators; content strategies, marketing tactics, product distribution, user experience and customer service strategies in e-commerce; and youth empowerment to enhance relevant skills crucial for the industry.
ALMAC will also feature about 100 exhibitors, including the inaugural Logtech Salon showcasing robots, AI and data systems. This exhibition aims to provide insights into technological developments and applications.
The forums will gather a diverse group of renowned speakers, including (listed in alphabetical order by surname).
Ms Gladis Araujo, Former Supply Chain Strategy Vice President, Mattel Inc. and Business Partner & Chief Supply Chain Officer, Prodensa Group
Ms Yamby Lun, Director, East Asia Region, Ocean Network Express (East Asia) Ltd.
Mr Keith Chan, Chief Executive Officer, Tahuhu Limited
Ms Serena Mak, Executive Director, Sustainable Finance, Institutional Banking Group, DBS Bank (Hong Kong) Limited
Mr Tim Edmunds, Partner for Sustainability Strategy & Transformation, PwC
Mr Tim Martin, Chief Revenue Officer, Dronamics
Ms Adeline Franger Chouraqui, CEO, CMA CGM Greater China
Mr Rob McIntosh, Senior Vice President, Global Fulfillment, Logistics & Trade, Dell Technologies
Mr Jeremy Goldstrich, Vice President of North Pacific, FedEx Express
Mr Arun Nandi, Head of Data & Analytics, Unilever
Mr Peter Harris, Vice President, International Sustainability, UPS
Mr Dennis Ngai, Vice President, Sustainable Finance, Institutional Banking Group, DBS Bank (Hong Kong) Limited
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
BANGKOK, Nov 1, 2023 – (ACN Newswire) – Euroasia Total Logistics Pcl (ETL), a comprehensive cross-border transportation carrier, made its debut on the Stock Exchange of Thailand (SET) on November 1, 2023. The first Thai stock to operate a cross-border logistics business, ETL plans to expand its service capabilities, develop technological systems, and invest in vehicles, container yards, and both dry and reefer containers. The company is committed to being a comprehensive and flexible logistics provider, reaffirming its position as “The Cross-Border King.”
Ms Krishavan Chuecharoenchai, Managing Director of Euroasia Total Logistics Pcl (ETL), reports that the company’s shares were listed on the SET on November 1, 2023, in the transportation and logistics business sector under the ticker “ETL”. The company operates a cross-border logistics business between Thailand and countries in Southeast Asia, Hong Kong, and China. ETL is also committed to linking cross-border logistics to Europe in the future. Miss Krishavan expects that ETL will be one of the stocks that attracts investor interest.
The company plans to use the proceeds from its IPO, after deducting related expenses, to expand its business, aiming to become a comprehensive and flexible logistics provider that meets customer needs with the adoption of resourcefulness. The proceeds will be divided into three parts:
1.) 70% for business expansion, including investments in vehicles (prime movers and semi-trailers) to expand transportation capacity, temperature-controlled containers (Reefer Container) and standard containers (Dry Container), container yards to store containers, park vehicles, and repair and maintain the company’s assets, as well as investments in transportation management systems to support increased services.
2.) 20% to repay payable and loans, including repayment of payable from the business acquisition in 2021 and repayment of loans from financial institutions to reduce financial costs.
3.) 10% as working capital to support the company’s expansion.
The Managing Director of ETL says that the business expansion is a major opportunity for the company to grow rapidly in the future. The company plans to expand its customer base to new groups, especially fruit, pharmaceutical, and medical products. These products have a limited shelf life and require efficient, reliable, and timely transportation. ETL can provide safe and quality transportation services that meet customer needs. The company also plans to increase the number of vehicles to support future growth. With its experience and customer base, ETL plans to expand the number of prime movers and semi-trailers, as well as invest in reefer containers to meet customer demand. The company also plans to develop infrastructure to connect cold chain logistics systems. This will add value to services and improve quality by focusing on maintaining the original quality of products until they reach the end customer.
“The founding executives of the company are all confident in the cross-border logistics business. Over the past few years, ETL has grown organically with the support of our customers. Our goal is to enter new markets and expand our customer base. We will continue to grow both organically and inorganically. ETL is ready to be a growth stock for investors,” says Miss Krishavan.
ETL has the potential to grow significantly due to its business plan to add value to its transportation services by expanding into temperature-controlled logistics. According to a recent analysis, the value of Thai agricultural and food exports is over THB 200 billion. This shows the potential demand for temperature-controlled transportation, such as fresh and chilled fruits, which are important Thai exports to China. ETL has a network and businesses in these countries, so it sees the opportunity to grow significantly, not just in the next 3-5 years, but in the long term. This is a key difference compared to other companies in the industry.
Press release distributed by MT Multimedia Co., Ltd. on behalf of Euroasia Total Logistics Pcl. For more information, please contact: Thiyaporn Sriadunphan (Dah), Tel: +66 (0)87 556 6974, Email: thiyaporn.s@mtmultimedia.com
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