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Isuzu Motors completes acquisition of UD Trucks from Volvo

Japan’s Isuzu Motors has completed its acquisition of UD Trucks from Sweden’s Volvo Group for an enterprise value of JPY243 billion (USD2.2 billion) on a cash and debt-free basis. The strategic alliance within commercial vehicles between the two groups, aiming to capture opportunities in the ongoing industry transformation, will now also become operational. UD Trucks…

Sing Fuels appoints Gerard Milligan as chief of staff

Singapore-based energy trading company Sing Fuels announced the appointment of Gerard Milligan as chief of staff. Based in Sing Fuels’ Singapore headquarters, Milligan will collaborate closely with the management team on strategic initiatives and to ensure operational efficiency in matters pertaining to people, organisation, and the commercial agenda. Milligan has more than 20 years of…

Innospec introduces new bunker fuel additives

Innospec Fuel Specialties (IFS), a division of Innospec Inc. has introduced its new Trident bunker fuel additives to the marine and bunker fuel market. For many years, Innospec Fuel Specialties has provided refiners, suppliers, and ship owners with specialized products designed to meet the challenging nature of bunker fuels. The Trident product family is specifically…

MHI sets up Asia hub for transportation systems in Singapore

Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a group company of Mitsubishi Heavy Industries, Ltd. (MHI) has established an Asia hub for its transportation systems in Singapore. The Technical Service Center in Singapore within Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP), MHI’s regional subsidiary, will strengthen operation, maintenance and after-sales servicing operations for its transportation…

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