Maritime Industry in Singapore News

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December 2023: AIT Worldwide Logistics, a global supply chain solutions leader, acquired Mach II Shipping Ltd, a UK-based freight forwarder specializing in the worldwide distribution of pharmaceuticals and related products. The deal includes a subsidiary in the Netherlands and a global network of life sciences partners. In addition to temperature-controlled air freight, Mach 2 (pharma freight) provides outstanding, dedicated road service for high-value life sciences moves throughout Europe with a managed fleet of temperature-controlled vehicles operated by Good Distribution practices and independent contractors.

February 2023: The fastest-growing provider of temperature-controlled storage and logistics services in Latin America, Emergent Cold Latin America (Emergent Cold LatAm or the Company), today announced the acquisition of Qualianz, a renowned platform for storage and logistics with operations in Mexico City, Mexico State, Monterrey, Querétaro, and Tijuana.

• July 2023: Shopify, the Ottawa-based retail-tech company, announced a number of new products and enhancements for its merchants, including an Artificial Intelligence (AI) suite, a new business credit card option, and drop shipping-like features.

• June 2023: Shopify Inc, a leading provider of critical online infrastructure for commerce, announced that it has closed the previously announced majority sale of its legacy Shopify Logistics segment to Flexport, a leading technology-enabled global logistics platform, under the terms of the transaction agreement. Shopify received stock in the form of a 13% equity stake in Flexport and its existing equity stake in the business. This transaction secures the logistics solution that Shopify has been constructing and transfers it to a reliable and mission-driven partner, Flexport.

• July 2023: Shopify, the Ottawa-based retail-tech company, announced several new products and enhancements for its merchants, including an Artificial Intelligence (AI) suite, a new business credit card option, and drop shipping-like features.

• June 2023: Shopify Inc, a leading provider of critical online infrastructure for commerce, announced that it closed the previously announced majority sale of its legacy Shopify Logistics segment to Flexport, a leading technology-enabled global logistics platform, under the terms of the transaction agreement. Shopify received stock in the form of a 13% equity stake in Flexport and its existing equity stake in the business. This transaction secures the logistics solution that Shopify has been constructing and transfers it to a reliable and mission-driven partner, Flexport.

• December 2023: JD Logistics, a leading integrated supply chain (ICCH) and logistics solutions provider, launched its global express delivery service to North America and Europe.
• November 2023: Nippon Express announced that it has completed the purchase of shares in Tramo SA, an international logistics company with operations in Europe and the United States, through Nippon Express ITALIA Sp.p.A. The deal announced by holding company Nippon Express Holdings is estimated to be worth just over 10 billion yen (USD 68 million). Nippon Express Italia is a strong player in international logistics, especially luxury apparel. The deal comes amid a growing global trend among high-end fashion houses to broaden their brands into other products and services, such as furniture and hotels.

February 2024: Catalent Inc., a leader in enabling the development and supply of better treatments for patients worldwide, and Novo Holdings, a holding and investment company responsible for managing the assets and wealth of the Novo Nordisk Foundation, announced that they entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at USD 16.5 billion on an enterprise value basis.

October 2023: Aldena Therapeutics, a private biotech company pioneering siRNA-based therapies for dermatological indications, has chosen PCI Pharma Services (PCI), a world-leading global contract development and manufacturing organization (CDMO) to formulate, package, and distribute ALD-102, a siRNA-based investigational injectable treatment for inflammatory dermatological conditions, all under one roof at PCI’s San Diego facility.

January 2024: Intertek, a leading Total Quality Assurance provider to industries worldwide, launched Intertek Inform, providing Standards and Regulatory solutions to facilitate faster market access.

April 2023: Q2 Solutions announced the incorporation of Illumina’s NovaSeq™ X Plus sequencing system at its state-of-the-art laboratory facility, Innovation Laboratories.

• February 2024: A.P. Moller-Maersk (Maersk) announced more than USD 500 million in investment to expand its supply chain infrastructure to support Southeast Asia's emergence as a global production hub and a consumption powerhouse. Maersk’s planned three-year investment will target its Logistics & Services arm. Still, at the same time, a substantial amount of investment will also be channeled into its Ocean and Terminals infrastructure. By 2026, Maersk expects to add nearly 480,000 sqm capacity spread across Malaysia, Indonesia, Singapore, and the Philippines. With these investments, Maersk will be able to better serve customers with mega distribution centers that are strategically located, sustainable, and equipped with advanced automation to drive increased efficiency.
• February 2024: HERE Technologies, a major provider of location data and technology solutions, has announced its collaboration with PSA Singapore, the operator of the world's largest transshipment hub, to revolutionize the container truck ecosystem in Singapore. The aim is to enhance the efficiency of goods movement at Singapore's terminals. Singapore is the top maritime capital globally, with the Port of Singapore ranking as the world's second busiest port in terms of container volumes. PSA boasts connectivity to over 600 ports worldwide, handling 38.8 million TEUs in 2023.

• September 2023: JS Logistics, a dangerous goods logistics company in Germany, acquired ASTRE DACH. By joining ASTRE DACH, the Kirkel-based company promises not only more opportunities for growth in Europe but also supports further corporate development. JS Logistics is already present in several European countries, such as Germany, Luxemburg, Spain, and Hungary. However, ASTRE DACH membership provides the company with better access to local markets.
• March 2023: Scan Global Logistics, a dangerous goods logistics company, will reinforce its position in Germany by adding Top 50 Ocean Freight Forwarder ETS transport & logistics GmbH. This partnership will bring scale and commercial power to SGL’s German organization, particularly in ocean freight. With a combined organization of over 100 highly skilled logistics professionals, the global logistics forwarder’s position in the German market will be significantly strengthened.

• January 2024: Sagawa Express, Sumitomo Corporation, and Dexterity Inc. Partner to Utilize AI-powered Robots to Load Parcel Trucks in Japan.
• November 2023: Amazon Japan invested more than USD 8 billion in the country in 2023, an increase of 20% from 2022. The company is looking to bolster its logistics and data center infrastructure.

• December 2023: Imec and Mitsui Chemicals entered a strategic partnership on the commercialization of carbon-nanotube (CNT) based pellicles for extreme ultraviolet (EUV) lithography. Under this partnership, Mitsui Chemicals plans to integrate imec’s fundamental CNT-based pellicle innovation into Mitsui Chemicals’ CNT pellicle technology to achieve full production specifications, targeting its introduction in high-power EUV systems in the 2025-2026 timeframe.
• April 2023: Nippon Express Ltd received IATA CEIV Pharma certification on April 26, 2023, for its facility at Heathrow Airport. The certification is a quality certificate for pharmaceutical transport established by IATA.