Category: Automotive

Malaysia’s Khazanah invests $40m in Indian logistics unicorn Xpressbees

Indian third-party logistics unicorn Xpressbees has secured a $40-million investment from Malaysia’s sovereign wealth fund Khazanah Nasional, according to a company statement. The investment will be made through a secondary purchase from an early investor in the company. Livemint reported, citing sources, early-stage venture capital firm Elevation Capital has sold a 4% stake in the… Continue reading Malaysia’s Khazanah invests $40m in Indian logistics unicorn Xpressbees

US lifts import ban on Malaysia’s Smart Glove

The United States lifted a 17-month import ban on products from Malaysian rubber glove maker Smart Glove, saying the company has addressed exploitative labour practices. U.S. Customs and Border Protection (CBP) in November 2021 sanctioned imports from Smart Glove and its group of companies over the alleged use of forced labour at its production facilities.… Continue reading US lifts import ban on Malaysia’s Smart Glove

Pertamina Hulu Energi plans $1.4b Indonesian IPO with June debut

The upstream arm of Indonesia’s state energy company Pertamina, Pertamina Hulu Energi, plans to debut on the local bourse in June, after raising at least 20 trillion rupiah ($1.36 billion), two sources with direct knowledge of the matter told Reuters. The June timing of the initial public offering (IPO), which would be the largest in… Continue reading Pertamina Hulu Energi plans $1.4b Indonesian IPO with June debut

The increasing efforts to tackle shipping emissions

GOTHENBURG, Sweden, April 27, 2023 /PRNewswire/ — Liquid Wind releases White Paper on the economic implications of e-fuel Well-to-Wake emissions compared to alternatives. The development is moving rapidly in the eMethanol and e-fuel space. In the white paper we dig into these increased efforts and show why eMethanol is the best alternative to fossil fuels. The… Continue reading The increasing efforts to tackle shipping emissions

XCMG launched a new European all-terrain crane — XCA120_E

BEAUNE, France, April 27, 2023 /PRNewswire/ — Chinese manufacturer XCMG has launched a new European All-Terrain crane, the 120 tonne four axle XCA120_E. The new model will be officially unveiled at the 2023 JDL Expo in France. Continue Reading XCMG XCA120 E all terrain crane The new crane boasts a seven section 66 metre main boom,… Continue reading XCMG launched a new European all-terrain crane — XCA120_E

AG&P’s Philippines LNG (PHLNG) Import Terminal Welcomes the First LNG Cargo In The Country As It Successfully Berths Its Long-term Chartered 137,500 cbm ISH Floating Storage Unit (FSU) in Batangas Bay

A historic moment in the energy industry of the Philippines with the arrival of clean and affordable LNG for the first time ISH FSU berths at AG&P’s Philippines LNG (PHLNG) Import Terminal The ADNOC Logistics & Services (L&S) LNG Carrier (LNGC), ISH, begins commissioning as FSU at AG&P’s PHLNG, the first LNG terminal in the… Continue reading AG&P’s Philippines LNG (PHLNG) Import Terminal Welcomes the First LNG Cargo In The Country As It Successfully Berths Its Long-term Chartered 137,500 cbm ISH Floating Storage Unit (FSU) in Batangas Bay

Cost vs Conscience: Booking.com Delves into the Dilemma Dividing Sustainable Travel in 2023

64% of Australians say they want to travel more sustainably over the coming 12 months,  Over half (58%) of Aussie travellers believe more sustainable travel options are too expensive 500,000+ accommodations are being recognised for sustainability efforts with a Travel Sustainable badge on Booking.com SYDNEY, April 26, 2023 /PRNewswire/ — Booking.com has revealed its most… Continue reading Cost vs Conscience: Booking.com Delves into the Dilemma Dividing Sustainable Travel in 2023