Maritime Industry in Singapore News

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• June 2024: TFI International has acquired Entreposage Marco, a Quebec, Canada-based food-grade tank hauler. Specializing in the transportation of edible products such as oils, liquid yeast, sweeteners, and fruit juices, Entreposage Marco operates a fleet of 15 power units, as reported by the Federal Motor Carrier Safety Administration. This acquisition is significant and aims to increase the market reach of TFI International.
• April 2023: Trimac Transportation acquired American Industrial Partners (AIP) Logistics, a Central Ohio-based company specializing in bulk terminal services, transportation, and warehousing for industries such as plastics, liquid chemicals, food-grade storage, and metal production. AIP's fleet includes 13 tractors, 119 trailers, and various yard vehicles. Located on a 52-acre property in Wapakoneta, Ohio, the facility offers cold, dry, and food-grade warehousing, bulk transloading, and storage, with direct access to CSX Transportation’s rail line and capacity for up to 70 railcars. This acquisition strengthens Trimac's five-year strategy to enhance its position in bulk transportation, wash, and maintenance services.

• March 2024: Hasenkamp, an international logistics firm, fortified its foothold in Spain's art and cultural transportation sector. This strategic maneuver not only highlights Hasenkamp's dedication to Spain's art realm but also underscores its worldwide renown for top-tier, dependable fine art logistics services.
• December 2023: Cadogan Tate, a prominent player in international fine arts logistics, acquired Artemis Fine Arts Services, a Dallas-based company specializing in safeguarding and transporting fine art, museum artifacts, and antiquities. The acquisition was facilitated by MidCap Advisors LLC, which acted as Artemis's exclusive financial advisor during the deal.

• May 2024: The UK Government has officially banned the practice of exporting live animals for slaughter by passing the Animal Welfare (Livestock Exports) Bill. The bill aims to cease the export of UK livestock for fattening and slaughter and builds upon the foundations laid by the Animal Welfare (Kept Animals) Bill. 
• December 2023: The European Union (EU) has unveiled a groundbreaking set of proposals to overhaul its animal welfare regulations in transportation, marking the most significant update in two decades. These reforms, in line with the Farm to Fork Strategy, incorporate cutting-edge scientific research, emerging insights, and advancements in technology.

• June 2024: WebCargo by Freightos, a prominent digital platform for booking and payments in the global freight sector, unveiled its latest collaboration with Coyne Airways. Moreover, Coyne Airways became the pioneering carrier to enable the booking of hazardous goods through WebCargo by Freightos. Established in 1994, Coyne Airways has long been a pioneer in air cargo logistics, boasting a track record of moving around 300,000 tons of air freight. Notably, Coyne Airways has expanded its cargo routes to Iraq, the Caucasus, Afghanistan, and Sakhalin Island.
• May 2024: Ground handling giant Dnata said that it is gearing up for the aviation industry's future by unveiling cutting-edge digital and autonomous solutions. Among its pivotal tech initiatives, Dnata is spearheading the implementation of its digital cargo management system, OneCargo. This system not only integrates various physical technologies but also enhances customer visibility significantly. OneCargo made its debut in six countries, namely Iraq, Pakistan, Switzerland, the UAE, the USA, and Zanzibar (Tanzania).

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.