Transport & Logistics
1 in 4 services firms optimistic about the future
1 in 4 services firms optimistic about the future
Meanwhile, 6% of services firms see a decline in business conditions.
Amazon strengthens Singapore foothold with office launch
The new office is located in Asia Square.
Ascendas REIT obtains 11 last mile logistics properties in the US
These were obtained for $207.8m.
OCBC recommends ESR-REIT shareholders to approve ARA merger
The bank said the merger is crucial in the REIT sector.
China's power crisis may contribute to NODX slowdown in 2022
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
ESR-REIT and ARA LOGOS announce proposed merger
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
Deliveroo Singapore to incentivise riders switching to e-bikes
Riders can receive an additional $2-$500 per delivery.
ST Engineering inks MOU with MSI Global to develop rail projects
The agreement focuses on fostering joint participation and collaboration in rail projects worldwide.
SingPost acquires new subsidiary in Australian freight company
SingPost is set to have a 51% stake in Freight Management Holdings.
COSCO Shipping plans to sell 60% stake of its SG subsidiary
Cosco Shipping International says its Singapore arm's dry bulk shipping business lacks competitiveness.
Ninja Van bags $783m in Series E funding backed by Alibaba
The funds will be invested in SEA micro-supply chain solutions, amongst others.
Transport and logistics industry to see varying recovery levels
Its nature is dependent on other industries, as well as global economic activities.
Keppel dispatches Guyana’s second FPSO
This follows Guyana’s first FPSO in 2019, also by Keppel O&M.
ComfortDelGro spearheads electric vehicle charging in Singapore
Three out of five regions will be covered by this initiative.
ST Engineering, Siemens Mobility consortium snags $180m rail lines contract
The contract is worth $180m.
Alibaba’s Cainiao to partner with Fairprice Group
The move is the first of a two-phase rollout to strengthen logistics services in Singapore.
Daily briefing: 6 new Thomson-East Coast Line stations; BTO flat buyers worry about long waits
And a homegrown SAAS platform for the F&B industry raises $6.5m in seed funding.
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