Chris Cassidy Joins Mojix as President and Chief Commercial Officer ACN Newswire

Chris Cassidy Joins Mojix as President and Chief Commercial Officer

January 12, 2023
Boca Raton, FL, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Mojix, a leading inventory management and supply chain traceability enterprise SaaS platform, is pleased to announce that Chris Cassidy has joined the company as President and Chief Commercial Officer. This announcement comes as the direct result of the tremendous success Mojix has attained over the past several years, as the company has recorded significant growth and improvements in revenue, customer expansion, and product innovation. Supporting these achievements, the company has developed strategic partnerships for serialization and RFID Barcoding used by leading food & beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the globe.Chris CassidyDan Doles, Mojix CEO, said, "Chris joins Mojix with more than 20 years of executive leadership in various supply chain management roles and brings deep domain expertise and a stellar track record working with leading global enterprises on digital transformation and supply chain optimization. Chris is a recognized expert in supply chain management, logistics, and enterprise supply chain SaaS solutions, across both customer operations, strategy, sales and marketing. We are excited to partner with Chris to further our long-term strategic vision and provide value to our customers as a best-in-class item-level traceability SaaS platform."Before joining Mojix, Chris was EVP & Chief Revenue Officer at Trax Technologies. Previously, he held various supply chain leadership positions of increasing responsibility at Gartner, UPS, and GSK. He holds a BS in Industrial Engineering from Georgia Tech and an executive programme certification in supply chain management at MIT.Pete Leibman, Managing Director of Peak Rock Capital, added, "the Board is thrilled to have Chris join the executive leadership team at Mojix, and exemplifies our commitment to drive accelerated growth in the years to come."Chris stated, "I am both humbled and honored to be named President and Chief Commercial Officer of Mojix. I am excited to drive further acceleration of the company's growth as we continue to lead the industry in customer satisfaction, global program delivery and product innovation for end-to-end visibility and traceability. The aim is to continue leveraging the maturing serialization and RFID barcoding technology solutions with the purpose of driving smarter and intelligent insights. Through collaboration and innovation with our customers and strategic partners, our advances in bringing together the physical and financial data flows will empower global enterprise manufacturers, distributors, and retailers to improve visibility and traceability for optimized financial performance of their Supply Chain networks during these most uncertain of times. Our times require both an agile and resilient supply chain to manage cost-to-serve and inventory assets."About MojixMojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in traceability solutions utilizing its high security, globally scalable cloud-native SaaS platform. Founded in 2004, the Company has deep domain expertise in serialization technologies such as RFID, NFC, and print-based marking systems. Mojix builds business intelligence from event-triggered actions tracking billions of unique identities, following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data to increase their sales and operational efficiency, reduce major risks and enhance their customer experience. With offices across the United States, Europe and South America, Mojix is now a recognized expert in end-to-end, item-level track and trace, product authentication and automated inventory management. Learn more at www.mojix.comAbout Peak Rock CapitalPeak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.Editorial/Media ContactsJim Donaldson, Sr. Director, Corporate CommunicationsMojix, Inc(314) 223-4779jim.donaldson@mojix.comHelene de Lailhacar, VP MarketingMojix, Inc.(33) 6 70 61 72 22helene.delailhacar@mojix.com(c) Mojix, Inc. Mojix and ytem are registered trademarks of Mojix, Inc.SOURCE: Mojix, Inc Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Wintermar Offshore (WINS:JK) Acquires 2 Additional AHTS and Celebrates the 12th Anniversary of Listing on IDX ACN Newswire

Wintermar Offshore (WINS:JK) Acquires 2 Additional AHTS and Celebrates the 12th Anniversary of Listing on IDX

November 30, 2022
JAKARTA, Nov 30, 2022 - (ACN Newswire via SEAPRWire.com) - PT Wintermar Offshore Marine Tbk (WINS:JK), has acquired 2 units of 7000BHP Anchor Handling Tug Supply (AHTS), to be named SMS Sonnet and SMS Stanza. The two AHTS will be delivered by December 2022, are ABS classed and have DP1 and FiFi1 capability, and expected to be utilized from 1Q2023.Including these two vessels, Wintermar has added 8 vessels to the fleet for the year 2022, comprising 1 unit Platform Supply Vessel (PSV), 2 units 5000BHP AHTS, 1 unit 6000BHP AHTS and this latest addition of two units of 7000BHP AHTS, for a total capex of US$ 12 million.With this latest purchase, Wintermar's fleet will be increased the fleet to 41 Vessels by end December 2022. The Company is positioning for strong growth in the current environment of higher global OSV demand and is optimistic that charter rates will continue to rise in 2023.Wintermar's 12th IPO anniversaryToday also marks the Company's 12th IPO anniversary, as Wintermar's shares were first listed on the IDX on November 29, 2010. Upon listing, the Company's fleet comprised 59 vessels of which 40 were low tier comprising of small tugs and barges, landing crafts and crew boats, while only 2 units were high tier vessels comprising Platform Supply Vessels (PSVs).In the following years since IPO, Wintermar has grown and transformed into an international operator of Offshore Supply Vessels with high quality DP2 vessels and a strong international client base. Of the 41 vessels in the fleet by end 2022, only 1 unit is in the low tier vessel category and 11 units are high tier vessels.As at the end of October 2022, the total remaining contracts on hand amount to US$69.4 million.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Collaborate to Produce e-methane in the US and Transport It to Japan, Utilizing Cameron LNG in Louisiana JCN Newswire

Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Collaborate to Produce e-methane in the US and Transport It to Japan, Utilizing Cameron LNG in Louisiana

November 29, 2022
TOKYO, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - Tokyo Gas Co., Ltd. (TG), Osaka Gas Co., Ltd. (OG), Toho Gas Co., Ltd. (THG) and Mitsubishi Corporation (MC) have entered into an agreement and commenced to conduct a detailed joint feasibility study on a project to produce synthetic methane (e-methane) in Texas or Louisiana, liquefy it at the existing Cameron LNG facility, and transport it to Japan utilizing other existing infrastructure, including LNG ships and receiving terminals in Japan. The targeted e-methane production volume is 130,000 tons per year1 to start in 2030. This project is in line with the Japanese government's goal to achieve carbon neutrality in 2050, for which it is crucial to introduce carbon neutral gas that can meet the heat demand in the country. e-methane can be transported via the existing gas infrastructure and combusted in the present gas appliances without enormous costs of replacing or modifying them, which would be required to introduce other decarbonized gaseous energy carriers, such as hydrogen. Therefore, the government supports e-methane initiatives as a potential solution to transition into the net zero society smoothly, and it has been discussed intensively how to initiate and develop e-methane supply chain in Japan's Public-Private Council for the Promotion of Methanation, an organization established in June 2021, where TG, OG, THG and MC have participated. For e-methane's better visibility, it is effective to promote the synthetic methane in Japan and overseas, simultaneously and important to establish cost-competitive e-methane supply chain from overseas where renewable power is accessible at low cost. While the four companies are respectively conducting feasibility studies on various locations for e-methane outside Japan, they have selected areas near to the existing Cameron LNG facility as most suitable as of now for e-methane production by their joint venture. This decision was made in light of accessibility to the infrastructure for feedstock procurement and high possibility of achieving early establishment of the supply chain. The four companies will continue to conduct feasibility studies on other promising locations to expand its e-methane procurement capabilities for enhanced energy security of Japan. The four companies intend to accelerate the detailed study to realize the world's first large-scale production and international supply chain of e-methane while working to achieve a carbon neutral economy in Japan utilizing e-methane. (1) 130,000 tons is equivalent to 1% of the total annual city gas demand of TG, OG, and THG combined.For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000050341.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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China Wantian Holdings Completes the Acquisition of Domestic Fresh Food Supply Chain Service Provider ACN Newswire

China Wantian Holdings Completes the Acquisition of Domestic Fresh Food Supply Chain Service Provider

November 25, 2022
HONG KONG, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - China Wantian Holdings Limited ("China Wantian Holdings"; together with its subsidiaries, the "Group"; stock code: 01854.HK) is pleased to announce that Great Point Limited ("Great Point"), the Group's direct wholly-owned subsidiary, has completed acquisition of Champion Point Limited ("Champion Point")'s subsidiary Shenzhen Wealth Source Trading Development Company Limited* ("Shenzhen Wealth Source", together with Champion Point, the "Target Group"), which is a domestic fresh food supply chain service provider in the PRC. It marks the Group's expansion of its fresh food ingredient business into the Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area") market. Upon the acquisition completion, the Target Group has become wholly-owned subsidiaries of the Group.The Target Group which the Group has acquired is principally engaged in the trading of live cattle, fruits, vegetables, seafoods and food ingredients in the PRC. Shenzhen Wealth Source is the operating subsidiary of the Target Group. It sources live cattle from Inner Mongolia and distributes them to slaughterhouses in the Greater Bay Area. It also supplies and offers fruits, vegetables and seafood to restaurants in the Greater Bay Area. Acquiring Champion Point with well-established business network and customer base in the PRC will allow the Group to offer comprehensive service packages to the customers and broaden customer base. Taking into account the adverse impact brought about by the outbreak of COVID-19 on the catering and corresponding food processing industries in Hong Kong, the Group's management believes that the Group can remain competitive by venturing into new markets and diversifying its business development strategies, thus generating higher revenues for investors and shareholders.Apart from acquiring the Target Group, the Group also strategically added two restaurants in Zhongshan's busy city centre, in China's Guangdong Province. The two restaurants are SteamGood, a steamed seafood eatery that specialises in the freshest ingredients, and Kong Xiang Coffee*, a coffee shop that combines nature with space, further expanding its restaurant network in the Greater Bay Area and enhancing the food supply and catering chain businesses. SteamGood and Kong Xiang Coffee cater mainly to young consumers, incorporating trendy concepts such as personalisation, an immersive experience and a check-in for younger-generation diners seeking a high quality of life and healthy food. SteamGood boasts a wide range of top-quality seafood and tempts diners with the freshest dishes. Kong Xiang Coffee is a brisk, fresh blend of space and art that hosts occasional live performances, offering customers delicious fare in an appealing environment, and bringing people together in a highly sociable setting.Benefiting from a package of government policies named "Measures to Promote the Steady Growth of the Wholesale, Retail, Accommodation and Catering Industries in Zhongshan City in 2022, which aims to boost the regional economy and livelihoods, the gross domestic product of Zhongshan City in the first three quarters of 2022 was RMB259.48 billion, 1.2% higher than in the same period of the previous year. Zhongshan City's consumer market has recovered well, and total retail sales of social consumer goods in the first three quarters were worth RMB120.89 billion, up 5.1% year on year. Expressing its confidence in Zhongshan City's huge potential of future development, the Group strategically added the two restaurants in Zhongshan's busy city centre following the earlier opening of restaurants The Hong Kong Wharf and Zhi.HUTAU* there in June, marking a further rapid expansion of Wantian Catering's business map in the area within a short period of time.According to the Group's management, the Group successfully acquired Shenzhen Wealth Source and strategically added two restaurants in Zhongshan city, demonstrating its determination and active deployment to strengthen the development of the food supply and catering chain businesses. To embrace challenges and lay solid foundations for growth in the post-pandemic era, the Group will extend its existing business into the Greater Bay Area market, which is home to a very large customer population, while leveraging the strong synergies between its three main businesses - food supply, catering chain, and environmental protection and technology. Looking ahead, China Wantian Holdings aims to enhance the diversity of its development strategies by expanding its businesses. Its Greater Bay Area business will be its biggest driver of revenue growth and is expected to generate steady and sustainable income over the long term.* The English names are not the official names and are translated for reference purpose only.About China Wantian Holdings LimitedChina Wantian Holdings Limited (01854.HK) is an investment holding company. The Group is principally engaged in food supply, catering chain and environmental protection and technology. In May 2022, China Wantian Holdings established its Greater Bay Area headquarters in Shenzhen, marking its official debut in the Greater Bay Area market to actively establish a leading green brand in the Greater Bay Area to provide customers with fresh, healthy and safe food, striving to become a leading lifestyle service provider in China.For more details, please visit: chinawantian.etnet.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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The 12th Asian Logistics, Maritime and Aviation Conference Opens ACN Newswire

The 12th Asian Logistics, Maritime and Aviation Conference Opens

November 22, 2022
HONG KONG, Nov 22, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in person and online. This year's ALMAC is expected to attract over 14,000 viewers from over 50 countries and regions. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors and shippers from different industries, more than 90 industry experts and leaders will share their insights at close to 30 sessions.Dr Peter Lam, HKTDC Chairman, said the disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges.The opening session was officiated by Paul Chan, Financial Secretary of the HKSAR.The 12th edition of the Asia Logistics, Maritime and Aviation Conference, jointly organised by HKTDC and Government of the Hong Kong Special Administrative Region, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in a hybrid format.Dr Peter K N Lam, Chairman of the HKTDC welcomed international delegates to the conference, saying: "In the past year, economies have confronted a myriad of challenges, not least the pandemic, war, inflation and rising energy prices. No country or region, including Hong Kong, is immune to these developments. This attests to how connected our world is today. We may live on opposite sides of the world from each other, but the phenomenon of globalisation has, particularly over the last few decades, intertwined our fates ever closer. The logistics, maritime and aviation industries are a principal driver and guardian of our interconnectedness. In today's increasingly globalised world, they flourish most in an environment of stability. The resilience and sustainability of global supply chains guarantee their continued growth. The disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges."Paul Chan, Financial Secretary of the HKSAR, officiated at the online opening, saying: "There is clear and compelling direction in the National 14th Five-Year Plan and the development plan for the Greater Bay Area. Together, they confirm Hong Kong's future as both an international shipping centre and a premier international aviation hub. To achieve those goals, Hong Kong will continue to integrate into our country's overall economic development. We will fully embrace the boundless opportunities they present us, in logistics - and a great deal more. There is, strategic direction, too, in this year's theme: 'The Future of the Sustainable Supply Chain: Connectivity, Collaboration, Innovation.' It hammers home what we need to realise the future we want."International speakers analyse the latest trends in the global logistics, shipping and air freight industriesThis year's conference featured a wide range of panel discussions and forums with a strong line-up of speakers. Global industry leaders discussed international and regional collaboration, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Regional Comprehensive Economic Partnership (RCEP), innovation and technology, and sustainable developments from a variety of perspectives.In the keynote address this morning, Xiangchen Zhang, Deputy-Director General of the World Trade Organization, examined how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption."Challenges and opportunities are the two sides of the same coin. To address common challenges in global supply chains, we will rely on connectivity, collaboration and innovation," said Zhang.This was followed by the Plenary Session featuring global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, who discussed how business evolution and supply chain transformation can steer business growth and achieve sustainable development amidst the current economic climate by building connectivity, fostering collaboration and driving innovation.Mathieu Renard Biron said: "Given all the disruptions of supply chain in the past two years, more opportunities will be coming from Asia while leading to the change of people's expectations and experiences." He added that collaborations and partnerships are needed to foster innovation. The use of AI machine learning technology, for example, is part of our new normal.Air Freight Forum: Hong Kong as an international aviation hub in the post-pandemic eraAs an international aviation hub, the Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports in the world. The Air Freight Forum, co-organised with the Airport Authority Hong Kong, discussed HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and airports in Mainland China.Maritime Forum: The Way forwardConnectivity is a major component of cooperation among GBA cities. In the first of two Maritime Forums on day one, leaders from the maritime and technology sectors examined Hong Kong's role as an international maritime hub in the GBA. Industry experts engaged in conversation on shipping sustainability, decarbonisation and digitalisation in the second Forum.The Power Dialogue, titled "Asia for Asia - Powering the Growth of Supply Chain Networks", featured Kian Chuan Chang, Regional Director of Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings), Wingco Lo, Executive Vice President of The Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service and Eva Tsang, Assistant Vice President and Executive Director Opal Cosmetics Group. They looked at how RCEP creates opportunities through the integration of regional trade and supply chains and shared their strategic plans for capturing future opportunities.In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, shared how businesses can capture opportunities created by supply chain integration in the GBA. This session provided practical insights and solutions for SMEs looking for expansion into the GBA.Tech experts at InnoTalks underscored game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.Asian Logistics, Maritime and Aviation Exhibition: Connecting logistics technology and solution providers with shippersOver 50 exhibitors showcased their latest logistics and supply chain solutions, and innovative technologies to help SMEs enhance their global supply chain management. The HKTDC also arranged business matching sessions for participants to drive more business cooperation.In addition to the main physical event in Hong Kong, the HKTDC organised ALMAC satellite conferences in Chengdu, Fuzhou, Wuhan, Taiwan, Budapest, Edinburgh, Hamburg, Milan, Paris, Sydney and Warsaw. In addition to running a live broadcast of the Conference, some experts participated in selected satellite venues to address logistics issues and shared experiences from a local perspective.Shipper's Forum shares latest fulfilment trendsThe newly introduced Shippers' Forum, titled "E-commerce Fulfillment in Asia", will be held tomorrow (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions.In the Power Dialogue on the same day, Pippo Au, Head of Supply Chain of Maxim's Group and Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will highlight how companies are marching towards a sustainable supply chain.In the Closing Session, Chee Choong Ng, Senior Vice President & Managing Director Hong Kong & Macau, DHL Express (Hong Kong), Fox Chu, Partner of McKinsey, John Parkes, Managing Director - Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.Flagship event of Hong Kong Maritime WeekALMAC is Hong Kong Maritime Week's flagship event and is organised by the Hong Kong Maritime and Port Board and supported by the Hong Kong Logistics Development Council.ALMAC: https://www.almac.hk/main/en/ALMAC programme: https://almac.hktdc.com/conference/almac/en/programmeALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speakerPhoto download: https://bit.ly/3TZdIC6About HKTDCThe 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.Media EnquiriesPlease contact Impact Communications Company:Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.comRaymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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The 12th Asian Logistics, Maritime and Aviation Conference takes place on 22 and 23 November ACN Newswire

The 12th Asian Logistics, Maritime and Aviation Conference takes place on 22 and 23 November

November 14, 2022
HONG KONG, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Hong Kong Trade Development Council (HKTDC) and Government of the Hong Kong Special Administrative Region (HKSAR), will be held on 22 and 23 November at the Hong Kong Convention and Exhibition Centre (HKCEC) in person as well as online. ALMAC is one of a number of large-scale trade events organised by the HKTDC in Hong Kong in the past few months. This year's ALMAC is expected to attract over 14,000 participants from over 50 countries and regions.Wilkie Wong, CFO, Esquel Group; Frankie Yick, Chairman, HKTDC Logistics Services Advisory Committee and Legislative Councillor, Legislative Council; Dr Patrick Lau, HKTDC Deputy Executive Director; and James Leung, VP and Key Account, Geek+ [L-R]Under the theme, "The Future of the Sustainable Supply Chain: Connectivity - Collaboration - Innovation", ALMAC will examine issues faced by global businesses, such as the new normal supply chain, current challenges, opportunities through international and regional collaboration and future direction of sustainable development.ALMAC brings together participants from logistics, maritime, air freight and supply chain management sectors to gain insights, exchange market intelligence and explore business opportunities. In addition to the main physical event in Hong Kong, ALMAC will organise satellite conference venues in various locations, including Chengdu, Chongqing, Fuzhou, Wuhan, Taiwan, France, Germany, United Kingdom and Hungary. In addition to running a live broadcast of the conference, some satellite venues will invite experts to address logistics issues and experiences from a local perspective and participate in face-to-face exchanges."The macroeconomic environment has been very turbulent, due to a series of factors from inflation, aggressive rate hike and currency fluctuation to geopolitical tensions and energy and food crisis. Against all these uncertainties, this year's ALMAC will focus on how businesses can work together to cope with the challenges in the supply chain, climate change and the economic recovery. Other areas of discussion will include the opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Regional Comprehensive Economic Partnership (RCEP) and the innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development. ALMAC is a powerful platform to connect the global industry and I would encourage all shippers, including traders, exporters and manufacturers, to join the conference to understand the issues faced by the industry and capture new opportunities," said Dr Patrick Lau, HKTDC Deputy Executive Director.Exploring the current business landscapeAround 80 industry experts in logistics, maritime, air freight and supply chain will speak in person or virtually. On day one, Hong Kong Special Administrative Region Chief Executive John Lee will deliver remarks, followed by a keynote address by Xiangchen Zhang, Deputy-Director General of the World Trade Organization, who will examine how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption; the climate change crisis on global trade; and the post-pandemic economic recovery, while fostering greater economic inclusion for equitable growth and stabilising the international supply chain towards achieving sustainable development.At the Plenary Session, ALMAC will invite global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, to speak on how business evolution and supply chain transformation can steer business growth and achieve sustainable development across the current economic landscape building connectivity, fostering collaboration and driving innovation in the vibrant business environment, in order to navigate the new normal.In the Power Dialogue on day one, titled "Asia for Asia - Powering the Growth of Supply Chain Networks", Kian Chuan Chang, Regional Director, Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings) Pte. Ltd., Wingco Lo, Executive Vice President of the Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service Limited, and Eva Tsang, Assistant Vice President and Executive Director of Opal Cosmetics Group Limited, will discuss how RCEP creates opportunities through integration of regional trade and supply chains and share their strategic plans for capturing future opportunities.In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, will share their insights on business strategies for the GBA, and how to capture the business opportunities created by supply chain integration in the GBA. The talk will provide workable insights and practical solutions for SMEs that want to expand markets in the area.InnoTalks to explore smart tech in the supply chainTechnology advancements are not constrained by geographic boundaries and changes how companies operate and reshape the future of the logistics industry. James Leung, Vice President and Key Account of Geek+, Tim Liu, Vice President, Marketing of Neolix Technologies Co., Ltd. and Julian Ma, Founder and CEO of Inceptio Technology will share game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.Air Freight Forum to discuss Hong Kong as an international aviation hub in the post-pandemic eraThe Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports and continues to consolidate its status as an international aviation hub. In 2021, HKIA handled five million tons of cargo and retained its position as the world's busiest cargo airport for 10 consecutive years.On the first day of the Conference, the Air Freight Forum, co-organised with the Airport Authority Hong Kong, will invite Marco Bloemen, Managing Director of Seabury Cargo, Samuel Lee, General Manager of DHL Express Central Asia Hub and Yin Daxue, CEO of Hong Kong Cingleot Investment Management Limited, to discuss HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and the airports in Mainland China.Maritime Forum to examine the GBA and sustainable developmentEdward Liu, Partner of Haiwen & Partners LLP and Principal Representative of International Chamber of Shipping (China) Liaison Office, will examine Hong Kong's unique role as an international maritime hub. The global maritime industry is transitioning and there is an urgency to identify tangible action plans for sustainable development to achieve the International Maritime Organisation's 2050 greenhouse gas reduction target.The second Maritime Forum will invite Simon Bennett, Deputy Secretary General of International Chamber of Shipping, Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific of Maersk, Michael Karlsen, CEO of Onomondo and Michael Fitzgerald, Group Deputy Chief Financial Officer of Orient Overseas Container Line Ltd, to discuss shipping sustainability, decarbonisation and digitalisation through practical collaborative action and uncover the potential opportunities and benefits from switching to sustainable and digitalised shipping.Leading e-commerce marketplace to share success storyThe rise of e-commerce has led to several challenges for online retailers and warehouses, as companies and customers look for a transparent, cost-effective, flexible, omnichannel fulfilment that can meet their respective demands.The newly added Shippers' Forum will be held on the second day (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing the latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions that shape the future development of e-commerce.Major global business trend creating smart and sustainable supply chainSustainability is a popular topic on the world's supply chain agenda. In the Power Dialogue, Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will share best practices of and carbon reduction approaches to integrating sustainability with the corporate core values and supply chain management for driving business growth and co-creating sustainable global development.HKTDC has organised two Supply Chain Management & Logistics Forums with The Hong Kong Shippers' Council and GS1 Hong Kong, respectively. For Supply Chain Management & Logistics Forums I, industry experts Lyan Law, Head, Industry 4.0 and Industrial Drone Solution of the Hong Kong Productivity Council, Felix Wong, Sales Director of Acquaintance Enterprises Limited, will share smart and agile supply chains through innovations. For the Supply Chain Management & Logistics Forums II, Ben Au, General Manager of Empower SCM Ltd., Johnny Wong, Director, Supply Chain Asia Pacific of Bausch & Lomb HK Limited and Rick Woo, Co-founder of LOST, will talk about smart and innovative supply chains and operational strategy transformation from an omnichannel model to a meta-channel model.In the Closing Session, Chee Choong Ng, Senior Vice President & Managing DirectorHong Kong & Macau, DHL Express (Hong Kong) Limited, Fox Chu, Partner of McKinsey, John Parkes, Managing Director - Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.During ALMAC 2022, the discussions are complemented by an exhibition featuring over 50 exhibitors showcasing logistics and supply chain solutions, innovative technology and operating systems, which help SMEs enhance their global supply chain management. The HKTDC will be arranging business matching sessions for participants to drive more business cooperation.The forums will gather many notable speakers, including: (the sequence is sorted alphabetically by the speakers' surnames)- Simon Bennett, Deputy Secretary General, International Chamber of Shipping- Edward Liu, MH, Partner, Haiwen & Partners LLP., Principal Representative, International Chamber of Shipping (China) Liaison Office- Mathieu Renard Biron, Managing Director - Global Freight Forwarding, Kerry Logistics- Chee Choong Ng, Senior Vice President & Managing Director, Hong Kong & Macau, DHL Express (Hong Kong) Limited- Terence Chiu, Commissioner, Hong Kong Export Credit Insurance Corporation- Daryl Tay, President, North Asia District, UPS Parcel Delivery Service Limited- Ludovic Renou, Chief Executive Officer, CMA CGM China- Eva Tsang, Assistant Vice President and Executive Director, Opal Cosmetics Group Limited- Jenny Hui, General Manager, eBay Hong Kong, Taiwan and Global Emerging Markets- Ivy Tse, Co-Chief Executive Officer & Co-founder, FreightAmigo- Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific, Maersk- Wilkie Wong, Chief Financial Officer, Esquel Group- James Leung, Vice President, Key Account, Geek+- Xiangchen Zhang, Deputy-Director General, World Trade Organization- Mr Michael Fitzgerald, Group Deputy Chief Financial Officer, Orient Overseas Container Line LtdMembers of the media wishing to interview speakers can email interview requests to raymond.lee@impact-cc.com or cindy.chung@impact-cc.com by 18 November 2022. For the latest programme and speaker list, please visit: https://www.almac.hk/main/en/.Photo download: https://bit.ly/3hEFnemAbout HKTDCThe 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 LinkedInMedia EnquiriesPlease contact Impact Communications Company:Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.comRaymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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COP 27 Egypt: PLN shares its biomass co-firing implementation in coal power plants ACN Newswire

COP 27 Egypt: PLN shares its biomass co-firing implementation in coal power plants

November 8, 2022
Sharm El Sheikh, Egypt, Nov 8, 2022 - (ACN Newswire via SEAPRWire.com) - One of PLN's efforts to accelerate decarbonization is to decrease the usage of fossil energy. In the power sector, PT PLN (Persero) will begin to gradually early retire Coal Fired Power Plant (CFPP). Meanwhile, to reduce emissions from existing operational CFPPs, PLN has implemented biomass co-firing technology.PLN Director of Transmission and System Planning, Evy Haryadi, has explained that PLN is implementing co-firing technology at 33 CFPPs. Whereas, for the next two or three years, PLN will add more co-firing technology at 52 CFPPs.Evy said, the co-firing technology conducted by PLN is not solely to reduce emission. Biomass co-firing technology is inviting the community to be actively involved by planting biomass, or even by managing their regional household waste to be processed and converted into pellets for co-firing at CFPP - hence creating new value creation opportunity for the local community."Up until now PLN has produced 653 GWh of clean energy from biomass co-firing, which is equal to reducing 656 thousand tones CO2 emission," said Evy on Climate Change Summit (COP 27) at Sharm El Sheikh, Egypt, Sunday (6/11).By 2025, PLN aims to utilize 10 million tones biomass annually to implement co-firing technology at CFPPs. This amount is equal to 12 percent biomass composition as feedstock in the CFPPs. Hopefully, with this step PLN can reduce carbon emission for 11 million tones CO2 per year.The challenge ahead, Evy said, is to secure adequate biomass supply for co-firing implementation. To secure the supply, PLN has cooperation agreement with 3 SOEs, namely PT Perhutani, PT Perkebunan Nusantara and PT Sang Hyang Seri."We also work with local government to process municipal waste into solid recovered fuel or SRF, which can be used as biomass material for co-firing," Evy explained.The Government also expressed support for PLN's co-firing program. Deputy Management Environment and Forestry Coordinating Ministry for Maritime & Investment Affairs, Nani Hendarti, explained that the action PLN has taken is aligned with the goals of Government of Indonesia in reducing carbon emission.Furthermore, Nani explained that in order to develop this technology, Government of Indonesia is supporting the development of energy forest to utilize idle area for energy plantation. The Government also supports local stakeholders to manage municipal waste to be converted to biomass feedstock for PLN co-firing."The next challenge is to ensure the supply of biomass is sufficient for PLN's CFPP. Recently, we are coordinating across ministries to create a regulation or law framework, so that the scheme can run smoothly and with economical raw material," Nani said.Contact:Gregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNT: 0217261122Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Mitsubishi Power and Egypt’s Damietta LNG Sign Long Term Service Agreement to Enhance Power Supply Reliability and Availability JCN Newswire

Mitsubishi Power and Egypt’s Damietta LNG Sign Long Term Service Agreement to Enhance Power Supply Reliability and Availability

November 1, 2022
Cairo, Egypt, Nov 1, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), signed a Long Term Service Agreement (LTSA) with Damietta LNG (DLNG), a leading producer and exporter of liquid natural gas in Egypt, to enhance the reliability, efficiency and availability of power supply, and protect LNG production at the plant.Javier Cavada, President and CEO of Europe, Middle East and Africa at Mitsubishi PowerDamietta LNG, one of two LNG export plants in Egypt, with a capacity to produce up to five million tons of liquefied natural gas per year, is a long-term customer of Mitsubishi Power in Egypt. This latest service agreement follows Mitsubishi Power's first LTSA for the units which was signed in 2006.Under the terms of the agreement, Mitsubishi Power will undertake the parts, repairs and services for five Mitsubishi Power H-25 gas turbines installed at the facility, located in New Damietta Port in the northern region of Egypt.Commenting on the agreement, Javier Cavada, President and CEO of Europe, Middle East and Africa at Mitsubishi Power said: "It is a great honor to partner with Damietta LNG as we build the future of energy transition, using one of the cleanest and most efficient fuels. In the year when Egypt is hosting COP27, this agreement is even more vital as it helps to ensure energy security, not only for Egypt, but beyond its borders to the rest of the world where Damietta LNG exports to."Damietta LNG will also benefit from Mitsubishi Power's comprehensive warranties and extended service support, to enhance and drive performance and efficiency.Khalid Salem, President of Middle East and Africa at Mitsubishi Power, added: "We are proud to partner with Damietta LNG, a pioneer of Egypt's LNG sector, a cornerstone of the country's economic growth. We celebrate a new LTSA agreement, 16 years after our first one, which attests to our ongoing commitment to provide Damietta LNG with reliable and efficient power supply and support them in producing sustainable, clean energy, for many years to come."Through this agreement, Mitsubishi Power will also provide its award-winning suite of intelligent solutions TOMONI, a customizable suite of digital power plant solutions fueled by cutting-edge analytics and decades of turbine operating and monitoring data. TOMONI harnesses big data to provide real-time predictive insights and actionable knowledge, for higher power plant performance, reliability and optimization and to achieve environmental performance goals.Mitsubishi Power will continue to leverage decades of experience and innovation to equip customers across the Middle East and North Africa region with advanced, innovative, and clean energy solutions required to achieve a robust, reliable, and resilient energy infrastructure that brings it one step closer towards a carbon neutral society.About Mitsubishi PowerMitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Across more than 30 countries worldwide, Mitsubishi Power designs, manufactures and maintains equipment and systems that drive decarbonization and ensure delivery of reliable power around the world. Among its solutions are a wide range of gas turbines including hydrogen-fueled gas turbines, solid-oxide fuel cells (SOFCs), and air quality control systems (AQCS). Committed to providing exemplary service and working with customers to imagine the future of energy, Mitsubishi Power is also spearheading the development of the digital power plant through its suite of AI-enabled TOMONI solutions.For more information, please visit https://power.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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SCGL and JWD announce merger to combine strength to leverage regional business expansion ACN Newswire

SCGL and JWD announce merger to combine strength to leverage regional business expansion

October 28, 2022
BANGKOK, Oct 27, 2022 - (ACN Newswire via SEAPRWire.com) - SCG Logistics Management Company Limited ("SCGL") and JWD InfoLogistics PCL (SET: JWD), the two leading logistics and supply chain service providers at the ASEAN level together announced a crucial merger deal to form a partnership under SCG JWD Logistics PCL (SCGJWD) in a move to combine strength and increase the service level capability to become the largest Integrated Logistics and Supply Chains Solutions Provider in the ASEAN region with a wide variety of integrated services to cover all industrial groups to increase the opportunities for exponential growth derived from the customer bases of the two companies, while drawing up a strategy to expand the businesses in the ASEAN region.Mr. Charvanin Bundikitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD Pcl. (JWD), revealed that the Company has moved ahead to merge the Company with SCG Logistics Management Company Limited (SCGL), which is a subsidiary of Siam Cement PCL (SCC), following the Company's Board of Directors' Meeting on October 26, 2022 resolving to propose to the shareholders' meeting to consider and approve the merger between JWD and SCGL. In this merger transaction, JWD will issue new ordinary shares to the amount of not more than 791,020,363 million shares and offer them as private placements (PP) to the existing shareholders of SCGL at the price of 24.02 baht per share as compensation for the transfer of all SCGL ordinary shares in a share swap. Following the completion of the share swap, SCGL's existing shareholders will hold shares in JWD in the proportion of not more than 43.7 percent of all JWD's voting shares after the transaction.In this regard, JWD will convene the Extraordinary General Meeting of Shareholders No. 1/2022 on December 8, 2022 at 1:30 p.m. at Banthat Thong Meeting Room, 6th Floor, JWD Store it!, after setting the record date to finalize the list of bona fide shareholders on November 10, 2022, to consider and approve the merger plan and the capital reduction and the increase of the Company's registered capital to 905,510,153.00 baht from the original 509,999,971.50 baht through the issuance of new ordinary shares as previously stated. The merger transaction of SCGL and JWD is expected to be completed within Q1/2023.Upon completion of the merger transaction, JWD will change its name to SCG JWD Logistics PCL with the SET-registered abbreviation of SJWD for share trading in the Stock Exchange of Thailand, The new Company will be managed jointly by Co-Chief Executive Officers (Co-CEOs) - Mr. Bunn Kasemsup, representing SCGL, and Mr. Charvanin Bunditkitsada, representing JWD. SCGJWD will proceed with the internal restructuring after the merger, when SCGJWD will accept the entire business transfers (EBT) of SCGL. This process is expected to be completed by the fourth quarter of 2023.This merger combines the individual strengths of the two companies perfectly. These include JWD's expertise in specialized products such as temperature-controlled goods, hazardous goods and automotive, etc., while SCG is the expert in industrial products such as steel & construction materials, paper & packaging, and consumer products, etc. This synergy will help to increase the capability to provide logistics services from upstream to downstream along with a large variety of service models covering warehousing, supply chain and multimodal logistics, as well as the opportunity to create more synergy in the future. Moreover, the customer bases of both parties do not overlap significantly, thus growth from expanded customer base of both parties and the acquisition of a large customer base from within the SCG group will help to maintain growth and effectively reduce business volatility.In terms of cost and management, the merger will immediately make SCGJWD the largest integrated logistics and supply chain service provider in ASEAN. This will result in the expansion of the businesses, the integration of key support departments, as well as the promotion of the application of shared resources for maximum benefit.The business opportunities that the two parties have planned together can be summed up in three parts: (1) Increased revenue from cross-sale and up-sale from the existing customer bases of SCGL and JWD along with more cost savings; (2) The creation of added value to the existing services that both parties are experts in, such as cold storage, automotive warehousing, hazardous goods storage and multimodal transport, etc.; (3) Seamless connection of all service bases in the ASEAN region through the application of successful business models in Thailand to foster growth abroad; (4) Provide D2C (Direct to Consumer) services to meet the changing customer needs through private storage for rent, logistics for eCommerce businesses, and express logistics; and, (5) Continuously improve the scope of services in new businesses such as industrial real estate and software development services for logistics management."This merger deal is a large and important undertaking that we have carefully considered to be in the best interest of shareholders. This move will enable us to grow robustly and sustainably in the challenging and volatile market conditions. Both JWD and SCGL are two perfectly fitted jigsaw puzzle pieces, with each having a different customer base that can strengthen the other. With the strong potential of SCGJWD, we will be able to create boundless and sustainable growth, and will be able to deliver the solutions that are truly a One Stop Service."Mr. Bunn Kasemsup, Managing Director of SCG Logistics Management Co., Ltd., said the merger with JWD is considered to be the combination of expertise of the two leading companies in logistics businesses to further increase the service capability and ramp up the growth of the businesses. SCGL has the expertise in providing logistics and supply chain services for the industrial groups and various consumer goods that have been garnered by providing logistics services for companies in the SCG Group and general customers, as well as the continuous investment in the development of innovation and technology. These include the control tower logistics and supply chain management control, telematics system to track the data on the delivery routes and to forward warnings to drivers, the automated storage and retrieval system (ASRS), and others. At the same time, SCGL also runs Taksapipat School that is tasked with safe driving training for truck drivers and forklift operators.Moreover, SCGL has businesses in many countries as a result of the business expansion to support the business development of the SCG Group, namely in Vietnam, Indonesia, Cambodia, Lao PDR and the Philippines. The company is capable of providing cross-border logistics services from Thailand through Lao PDR and Vietnam to China, and barge transport to neighboring countries such as Cambodia and Myanmar. Also in the portfolio is the international sea-borne shipping service that can merge with that of JWD's to expand the scope of services to other countries in the ASEAN region.SCGL has a plan to broaden the rail and air logistics services. Thus, upon the merger with JWD, we will be able to expand the network of multimodal transport services that will become much more comprehensive, to help optimize cost management and create added value for the business. This is important because the transportation of goods by ships and rail carries a lower cost than by road. The larger customer base will increase the opportunity in the hauling of both inbound and outbound cargo. In addition, more importance will be placed on sustainability, such as being "Green Logistics", with the focus being on better care for the environment and society through the reduction of energy consumption including the use of electric transport vehicles (EV) and utilizing energy from solar roofs atop the warehouses, etc.On the cooperation in the expansion of businesses abroad, we consider Vietnam, Indonesia and the Philippines as countries with high potential due to their above-average economic growth over and above the regional median. Therefore, there exists a need for warehouses and logistics service providers to support the expansion of the industries, while increasing the investment on the construction of more warehouses in these countries to foster regional growth."Upon this merger, we will become the leader in logistics and supply chain services, with the strength in providing the most comprehensive Integrated Logistics and Supply Chain Solutions in the ASEAN region, along with innovations and modern technology to carry out business operations. Also important is that we possess a strong brand recognition in both SCGL for its professionalism, and JWD for its experience in specialized logistics services. All these factors will enable us to become the business leader in the region," Mr. Bunn concluded.Released for JWD InfoLogistics PLC by MT Multimedia Co LtdYuttachai Praikanahok (Tle), T: +66 (0)91 736 2866 or +66 (0)2 612 2081 ext. 125, E: Yuttachai.p@mtmultimedia.com Copyright 2022 ACN Newswire. 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Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters ACN Newswire

Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters

October 26, 2022
HONG KONG, Oct 26, 2022 - (ACN Newswire via SEAPRWire.com) - On the evening of Oct. 26, Xiamen Xiangyu Co., Ltd. (600057. SH) released the Q3 financial results. In the first three quarters of 2022, the Company achieved operating revenue of RMB 391.8 billion, with a year-on-year growth of 13.74%; achieved the net profit attributable to the shareholders of the parent company amounted to RMB 2.17 billion, with a year-on-year growth of 31.23%; achieved the return on equity of 15.26%, up 1.91 percentage points YoY. The Company's operating revenue and net profit attributable to the shareholders of the parent company both hit a record high in the same period, and the operating efficiency continued to improve.Xiamen Xiangyu is the leading commodity supply chain service company in China, with manufacturing enterprises in China as the main target group, and is committed to providing tailored supply chain solutions and one-stop services, including commodity procurement distribution, logistics, supply chain finance, information consulting, etc., to reduce circulation costs, improve circulation efficiency, assist manufacturing enterprises in cost-saving and profit-increasing, and earn service revenue. Xiamen Xiangyu has been operating commodities covering metals and minerals, agricultural products, energy and chemicals, new energy products, etc., and the key categories are ranked among the top in the industry. At present, the Company has taken the lead in the industry to build up a network for logistics service systems with "road transportation, rail transportation, water transportation and warehousing" as the core, covering the whole country and connecting with overseas, constructing a differentiated competitive edge.In the first three quarters of 2022, the recurrence of the COVID-19 epidemic, geopolitical tensions, and commodity price shocks put higher requirements on the management and risk control capabilities of commodity supply chain companies. Xiamen Xiangyu said, in the face of multiple challenges, the Company maintained strategic stability, continuously optimized customer structure, enriched the commodity portfolio, consolidated logistics support, improved the risk control system, moreover, effectively responded to industry cycle fluctuations and external risk issues; on this basis, we seized the opportunity to expand market share and explore business opportunities to ensure that the overall operation remains sound.According to the third quarter financial report, the service volume for manufacturing enterprises in Xiamen Xiangyu accounted for more than 50%, and the bulk commodity business segment in the cargo volume reached 141 million tons. The supply chain operating results in categories such as aluminum, new energy products, and soybeans achieved significant growth, among which the revenue of the new energy products supply chain reached RMB 14.7 billion, up 151% YoY; achieved the gross profit RMB 385 million, up 245% YoY.In recent years, Xiamen Xiangyu has been favored by more and more investment institutions with its complete business system, steady pace of development, and promising prospects. In the first half of 2022, Xiamen Xiangyu was held by five mainland social security funds at the same time, making it one of the most popular listed companies favored by social security funds in the A-share market.Looking ahead, Xiamen Xiangyu will anchor the strategic vision of "Becoming A World-class Supply Chain Service Company", continue to optimize the customer structure, commodity portfolio, business model, and profit model, enhance the risk control system, improve the level of comprehensive income, and strive to exceed the 2022 annual operating target.Click here for the full report: Xiamen Xiangyu Co., Ltd. Report for Third Quarter of 2022http://www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-10-27/600057_20221027_3_QazgirXb.pdf Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Three Partners to Jointly Undertake Proof of Concept (PoC) Applying “CO2NNEX”, a Digital Platform for CO2 Accounting across its Supply Chain for Synthetic Methanes JCN Newswire

Three Partners to Jointly Undertake Proof of Concept (PoC) Applying “CO2NNEX”, a Digital Platform for CO2 Accounting across its Supply Chain for Synthetic Methanes

October 24, 2022
TOKYO, Oct 24, 2022 - (JCN Newswire via SEAPRWire.com) - Osaka Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd. (MHI), and IBM Japan, Ltd. have agreed to jointly conduct a Proof of Concept (PoC) of a system enabling visualization of the environmental value of synthetic methane, in the context of carbon dioxide (CO2) emissions across the entire supply chain. The system will make use of CO2NNEX, a digital platform for visualizing the CO2 supply chain being developed by MHI and IBM Japan targeted at visualization and optimization of synthetic methane's environmental value. In undertaking the PoC, the three partners will also exchange views with the Japan Gas Association, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and INPEX Corporation aiming for increased adoption of synthetic methane and the establishment of its environmental value.Today, discussions are underway concerning methods for counting and using CO2 in the context of CCU (carbon dioxide capture and utilization: with the captured CO2 used in the manufacture and usage of fuels, chemicals, building materials, etc.), including methanation, and studies are going forward into the application of the accounting methods to the use of synthetic methane, which is seen as a recycled-carbon fuel. The PoC to be jointly implemented is an initiative aimed at visualizing CO2 emission volumes across the entire supply chain, from synthetic methane's production to supply and combustion. The results of the PoC are expected to be useful for achieving visualization of the CO2 supply chain within CCU, setting CO2's trading methods, transferring its environmental value, and estimating the carbon footprint of synthetic methane supply recipients.CO2NNEX is a digital platform created for CCUS (CO2 capture, utilization and storage) aimed at connecting CO2-related ecosystems and accelerating the expanded use of environmental value. Under the current initiative, CO2NNEX will be applied to visualize original information on CO2 and hydrogen - the materials from which synthetic methane is made - and the CO2 emission volumes generated throughout synthetic methane's lifecycle, from production to transport, supply and combustion. By providing this traceable data, a shared platform will be developed for realizing visualization of synthetic methane's environmental value. The project also aims to incorporate future enhancement of trade - for example, through transfer of synthetic methane's environmental values - and to develop a system to serve as an industry standard usable by other manufacturers of synthetic methane.Today, a variety of demonstration projects relating to methanation are being planned, toward the production and widespread adoption of synthetic methane. Osaka Gas, MHI and IBM Japan, by applying the results of this PoC to future demonstrations of methanation, will contribute to achieving broad social adoption of synthetic methane and the realization of a carbon neutral society.About CO2NNEXCO2NNEX is a digital platform that provides transparency and flexibility in the CO2 supply chain and its environmental values in step with the rapid expansion of the value chain linking CO2 capture, storage and utilization, toward realizing a carbon neutral society. Actual CO2-related data is interconnected through IoT, and blockchain ensures advanced security with assured neutrality and fairness.About methanationMethanation is technology for synthesizing methane, a key component of natural gas from hydrogen and CO2. The resulting product is known as "synthetic methane." Use (combustion) of this synthetic methane results in no effective increase in CO2 for society as a whole because CO2, which is normally emitted into the atmosphere, is captured and recycled for use in making synthetic methane. Also, methanation is expected to be an economically efficient way of achieving carbon neutrality, with synthetic methane being distributed through the existing gas infrastructure and combusted in existing gas appliances, requiring no large-scale investment for constructing new energy systems or modifying the existing ones.Concept of a shared platform applying CO2NNEXA shared platform aims for quantification of synthetic methane's environmental values by quantitatively documenting information for tracking and managing CO2 emissions relating to the manufacture, supply (including transport) and usage of synthetic methane at multiple business operators and locations.Osaka GasIn January 2021 the Daigas Group announced its "Carbon Neutral Vision" for achieving carbon neutrality by 2050 through decarbonization of the component ingredients of city gas by methanation and other means, and of its power sources primarily through use of renewable energies. The company is also considering a number of methanation projects overseas - notably, in Australia, South America and Southeast Asia - in a drive to achieve broad adoption of methanation.MHIMHI Group is actively involved in programs targeting the realization of a carbon neutral society, and building a CO2 ecosystem is central to its energy transition initiative. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX digital platform.IBM JapanApplying its experience in supporting numerous customers worldwide, IBM Japan looks to accelerate CO2NNEXT's development with its blockchain enabling data sharing with safety, transparency and outstanding reliability; its hybrid cloud technology for building an agile and flexible IT environment linking the cloud and existing systems; and its AI technology enabling visualization, automation and optimization of the value chain.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation join forces to create a renewable plastics supply chain JCN Newswire

Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation join forces to create a renewable plastics supply chain

October 4, 2022
TOKYO, Oct 3, 2022 - (JCN Newswire via SEAPRWire.com) - Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste RE) for the production of styrene monomer (i.e. bio-SM), and its mass balanced renewable plastics derivatives including acrylonitrile butadiene styrene (i.e. bio-ABS*). The bio-SM production in Japan and the renewable plastics production in Taiwan will mark the first of such production in each country, and they are planned to take place in the first half of 2023.Renewable plastics supply chain Neste, the world's leading producer of renewable and circular feedstock for the polymers and chemicals industry uses, will provide Neste RE to Idemitsu Kosan, the biggest SM manufacturer in Japan. For this collaboration, Neste RE is produced from 100% bio-based raw materials such as waste and residues and its use can significantly reduce greenhouse gas (GHG) emissions compared with conventional fossil feedstock use. Idemitsu Kosan will then produce bio-SM based on the mass balance method and supply it to CHIMEI, the biggest ABS manufacturer in the world for its renewable plastics production. Mitsubishi Corporation will be coordinating the collaboration between the value chain partners and develop renewable product's market. Through developing an even stronger partnership and closer collaboration than conventionally seen in plastics value chains, the companies are introducing new renewable contents into the value chain to enable plastic production where fossil feedstock has been replaced with biomass. With this, the companies are contributing to the plastics industry GHG emission reduction targets and the transition towards a low-carbon emission society.*ABS resin is a thermoplastic polymer made from acrylonitrile, butadiene and styrene monomer, and given its properties of impact resistance, toughness, and rigidity, it is used across different sectors which include automobile, electronics and toys.For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000049970.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Neste, Idemitsu Kosan, CHIMEI Corporation and Mitsubishi Corporation join forces to create a renewable plastics supply chain JCN Newswire

Neste, Idemitsu Kosan, CHIMEI Corporation and Mitsubishi Corporation join forces to create a renewable plastics supply chain

October 3, 2022
TOKYO, Oct 3, 2022 - (JCN Newswire via SEAPRWire.com) - Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste RE) for the production of styrene monomer (i.e. bio-SM), and its mass balanced renewable plastics derivatives including acrylonitrile butadiene styrene (i.e. bio-ABS*). The bio-SM production in Japan and the renewable plastics production in Taiwan will mark the first of such production in each country, and they are planned to take place in the first half of 2023.Renewable plastics supply chain Neste, the world's leading producer of renewable and circular feedstock for the polymers and chemicals industry uses, will provide Neste RE to Idemitsu Kosan, the biggest SM manufacturer in Japan. For this collaboration, Neste RE is produced from 100% bio-based raw materials such as waste and residues and its use can significantly reduce greenhouse gas (GHG) emissions compared with conventional fossil feedstock use. Idemitsu Kosan will then produce bio-SM based on the mass balance method and supply it to CHIMEI, the biggest ABS manufacturer in the world for its renewable plastics production. Mitsubishi Corporation will be coordinating the collaboration between the value chain partners and develop renewable product's market. Through developing an even stronger partnership and closer collaboration than conventionally seen in plastics value chains, the companies are introducing new renewable contents into the value chain to enable plastic production where fossil feedstock has been replaced with biomass. With this, the companies are contributing to the plastics industry GHG emission reduction targets and the transition towards a low-carbon emission society.*ABS resin is a thermoplastic polymer made from acrylonitrile, butadiene and styrene monomer, and given its properties of impact resistance, toughness, and rigidity, it is used across different sectors which include automobile, electronics and toys.For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000049970.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Pertamina saves US$402.46 million amid rising global oil prices ACN Newswire

Pertamina saves US$402.46 million amid rising global oil prices

September 3, 2022
JAKARTA, Sep 3, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and gas company PT Pertamina succeeded in saving operational costs of around Rp6 trillion (US$402.46 million) until July 2022 through several efficiency programs amid rising world oil prices that increased fuel production costs.PT Pertamina head office building (ANTARA/HO-PT Pertamina)She explained that energy companies around the world are facing difficult situations as a result of disruption of the global energy supply chain due to the Russia-Ukraine conflict. The global trade mobility leading to post-pandemic recovery was jolted by limited supply that led to an energy crisis.The president director noted that the Indonesian government's policy of maintaining the people's purchasing power through fuel subsidies was the proper measure to accelerate economic recovery.According to Widyawati, the accuracy of the policy is reflected in the fuel consumption increase for community mobility and business activities.Pertamina President Director Nicke Widyawati stated that such a success could not be separated from strategic cost-saving measures taken by the company group since the start of this year.She explained that energy companies around the world are facing difficult situations as a result of disruption of the global energy supply chain due to the Russia-Ukraine conflict. The global trade mobility leading to post-pandemic recovery was jolted by limited supply that led to an energy crisis.The president director noted that the Indonesian government's policy of maintaining the people's purchasing power through fuel subsidies was the proper measure to accelerate economic recovery.According to Widyawati, the accuracy of the policy is reflected in the fuel consumption increase for community mobility and business activities.On the other hand, she also pointed out that the increase in fuel consumption had caused an increase in the burden of government subsidies."We understand the heavy burden of the government's fuel subsidy, and for that Pertamina carries out various cost-saving programs in order to help reduce the burden," she stated.She remarked that the largest chunk of the company's cost of fuel production is for the purchase of crude oil, which accounts for 92 percent of the production costs.Fortunately, investment in upgrading the Pertamina Oil Refinery, which had been conducted in the last four years, had succeeded in increasing the flexibility of crude oil availability.It means, if so far, the Pertamina refinery has only been able to process certain crude oil that is expensive, but starting last year, it has been able to process crude oil, with a higher sulfur content, which is cheaper and can be gained from many sources," Widyawati stated.This is Pertamina's strategic move that has succeeded in significantly reducing fuel production costs, she affirmed.In addition, the company's energy efficiency efforts in all operational areas -- from upstream to downstream -- had caused significant cost savings while also contributing to a reduction in carbon emissions."The post-restructuring breakthrough, which is also significant to achieve Pertamina Group's efficiency, is the centralization of the procurement of goods and services, as well as the integration and optimization of all assets from upstream to downstream," she stated.Apart from saving costs, the Pertamina Group has also succeeded in increasing its revenue through the export of high value-added products, such as HVO (palm-based D100) and Low Sulfur Fuel Oil.By upgrading its refineries, Pertamina has currently been able to produce more low-carbon products whose demand had continued to increase, thereby capturing a very prospective opportunity in the midst of global demand for such a product."For Pertamina, cost savings are not just about cutting costs but also changing operating models and improving business processes, so that all company programs can be carried out and all targets are achieved, but at a lower cost," Widyawati stated."Pertamina will continue to make various efforts to save costs, which at the same time can reduce carbon emissions, thereby supporting the company's and national energy transition efforts," she said.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America ACN Newswire

Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America

June 29, 2022
TOKYO, Jun 29, 2022 - (ACN Newswire via SEAPRWire.com) - On June 29, 2022, Showa Denko K.K. (SDK) (TOKYO: 4004) and SK Incorporated concluded a memorandum of understanding (MOU) to give consideration to a plan to start cooperative work to produce high-purity gases, which are used in semiconductor production processes, in North America.While semiconductor markets in various countries continue growing and geopolitical risks are increasing, the US Government has embarked on strengthening domestic semiconductor industry and inviting supply chain of semiconductors into the country. As a result of this movement, large manufacturers of semiconductors are increasing their capital investment in the United States, and the demand for materials for semiconductors in the country is growing. Supply-demand balance of high-purity gases for wiring process (front-end of semiconductor production process) in the US has been tightening. Therefore, many semiconductor manufacturers in the US want to secure stable supply of high-purity gases for semiconductors. On the other hand, SDK's business segment to produce high purity gases for semiconductors has established and continues strengthening high-purity gas supply chain in which the Company producing high-purity gases and filling it into cylinders in its Asian facilities, and transporting those cylinders to the US. Therefore, there are some problems to be solved including increases in transportation costs and potential instability in supply of high-purity gases when there is congestion in global logistics network.To cope with these problems, SDK and SK Materials, which is an in-house independent company of SK Incorporated and produces high-purity gases for semiconductors, will start to give consideration to a plan to cooperatively produce high-purity gases for semiconductors in North America. In the global market for high-purity gases for semiconductors, SDK has the top share of the etching gas*1 market, and SK Materials has the top share of the cleaning gas*2 market and deposition gas*3 market. Thus, the two leading companies in the high-purity gas industry are now aiming to expand their business in the US cooperatively.In 2017, SDK and SK Materials established a joint corporation named SK Showa Denko, Co., Ltd. which produces and sells high-purity gases for semiconductors, and, in the Republic of Korea, they cooperatively produce CH3F, which is used mainly as etching gas for silicon nitride film. Now SK Showa Denko is constructing a new plant to produce HBr in the Republic of Korea, and the new plant is expected to be finished in July, 2022.As a "Co-creative Chemical Company," the Sowa Denko Group has positioned its electronics business including the business to produce and sell high-purity gases for semiconductors as Core-growth Business, and has been focusing on this electronics business, aiming to contribute to sustainable development of the global society. The Showa Denko Group will continue making its electronics business grow by responding rapidly to the growth of semiconductor market and continuing supply of leading-edge products.*1. Etching gas is used in etching process, which is a process to carve fine grooves and holes on the surface of wafers in order to make up electronic circuits, etc.*2. Cleaning gas is used to clean up inside of semiconductor chip production equipment.*3. Deposition gas forms silicon oxide film or silicon nitride film on the surface of wafers.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., Public Relations Group, Brand Communication Department, Tel: 81-3-5470-3235 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Wintermar Offshore (WINS:JK) Unveils Growth Strategy ACN Newswire

Wintermar Offshore (WINS:JK) Unveils Growth Strategy

June 24, 2022
JAKARTA, Jun 24, 2022 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has invested US$12 million to acquire 3 Platform Supply Vessels and 3 Anchor Handling Tug Supply Vessels since November 2021, to gear up for new drilling cycle.In the Public Expose on 24 June 2022, PT Wintermar Offshore Marine Tbk unveiled their growth strategy to position the Company for an anticipated upturn in drilling. As the global rig count has risen steadily over the past few months, Offshore Supply Vessel (OSV) utilization has improved globally and charter rates have started to pick up.To raise the yield of the fleet, the Company has improved the fleet composition through the sale and reinvestment of certain vessels. 95% of the fleet is now concentrated into higher value vessels. Wintermar now has seven Platform Supply Vessels, three of which are undergoing docking for reactivation and should be ready for operations by 2H2022. This is timed in anticipation of a stronger 2023 as there has been an increase in project approvals for offshore drilling and corresponding rise in demand for OSVs.Finance Director Janto Lili reported that the Company has succeeded in controlling costs while continuing to repay debt. The Company turned around in 2021 with a net profit after tax of US$0.2 million following several years of net losses. Net gearing was reduced to 14.7% by end of March 2022.Managing Director, Sugiman Layanto reiterated an optimistic view for the coming years, with OSV charter rates projected to rise. This is due to the demand for OSVs rising in line with the jump in offshore drilling projects, while the supply of operationally ready OSVs is still limited due to the industry downturn over the past years.In the longer term investments in renewable energy are expected to grow while investments in oil and gas are still projected to be stable to meet the energy needs of the world. As an OSV operator, Wintermar will benefit from higher demand for vessels initially from oil and gas industry but in the coming years additional upside in demand is expected from the offshore wind industry.For the future, Wintermar will focus on higher value vessels to improve fleet yields and continue to improve cost efficiency.As at end of May 2022, the Company's Contracts on hand amounted to US$64 million.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFA Investor RelationsPT Wintermar Offshore Marine TbkTel: (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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