Transport & Logistics
COSCO Shipping taps Wang Shan He as new chairman
COSCO Shipping taps Wang Shan He as new chairman
He was also appointed as executive director and president of the company.
Nio boosts EV deliveries by 38.7% YoY in 2024
Its cumulative deliveries reached 671,564 in 2024.
CapitaLand Ascendas REIT subsidiary secures US$280m revolving credit facility
The news follows its acquisition of a US logistic property asset from DHL USA.
COSCO Shipping begins construction on Jurong Island Logistics Hub Phase 2
This expansion will increase the logistics hub in Jurong to approximately 650,000 sq ft.
Mapletree Logistics Trust divests 1 Genting Lane warehouse for $12.3m
The divestment is not expected to have a material impact on MLT’s net asset value and net property income for FY2025/26.
ICA to roll out passport-less clearance at Tuas and Woodlands checkpoints, Marina Bay Cruise Centre
The initiative will commence on 16 December.
Charge+ bags 140 EV charging stations from three S’porean firms
The acquired chargers are located in 42 properties across Singapore.
Singapore transport sector poised for moderate growth in 2025
Demand in air transport is expected to remain strong, but weaker ticket pricing could pressure profitability.
Transport, logistics, and automotive sector to lead employment in Q1 2025
The energy and utilities sector has the lowest employment outlook, at -29%.
Self-storage adoption grows 14% YoY amongst Singapore SMEs
The return-to-office trend and the rise of e-commerce are driving this demand.
Ride-hailing bookings updated with child seat and wheelchair space options
These changes have been effective since November.
CLMT to acquire Selangor automated logistics property $54.2m
The property will be leased to PTT Synergy unit, Projek Tetap Teguh.
Cosco Shipping unit to develop 2nd phase of Jurong Island Logistics Hub
The subsidiary will develop it at Tembusu Crescent.
SingPost to gain $312.1m from Australian freight unit divestment
It sold the unit at an enterprise value of $897.6m.
SBS Transit and French operator RATP Dev to operate Jurong Region Line
The passenger service is scheduled to open in three stages, starting in 2027.
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