Category: Transportation

Chinese car company buys part of Danish Saxo Bank

The Chinese car company Geely bought a stake in Saxo Bank to strengthen the company’s ability to provide on-demand cars. China’s Zhejiang Geely Holding Group acquired a 52% stake in Saxo Bank from its founders and institutional investors on 14 September, according to Asia Nikkei Review. The purchase price was undisclosed, but the transaction values…

Norwegian plans to cut air route to Singapore

Norwegian plans to close their air route from London to Singapore in the beginning of 2019. The aircraft operator Norwegian will call off their air route from London-Gatwick airport to Singapore in January 2019, according to CHECK-IN.DK. The route was launched in 2017. According to Andreas Hjørnholm, communications for Norwegian in Denmark, the demand for…

China launches icebreaking vessel partly designed by Finnish company

China has launched its first home-made icebreaking vessel that is partly designed by a Finnish engineering company. China is ready to break the Arctic ice with a new icebreaking vessel called Xuelong 2, or Snow Dragon II, launched on 10 September, according to South China Morning Post. The vessel is designed together with Finnish engineering…

Greenland picks Denmark over China to upgrade airports

Greenland has chosen to partner with Denmark instead of China when upgrading two airports on the island. Greenland chose on 10 September to partner with Denmark in an upcoming upgrade of two national airports, according to metalsnews.com. China had also shown interest in the project, but the Danish government had expressed strong concerns about choosing…

Sweden and Myanmar collaborate to improve bus system in Yangon

Yangon Region Government and Sweden are working together on a project that will improve the bus system in the capitol of Myanmar. Chief Minister Phyo Min Thein and his senior officials met with a team of experts from the Swedish-Danish company Ramböll, which is the consulting company identified for the project. The project will define…

Swedish MNCs continue to view Malaysia, Greater KL as ideal Asia investment place

Sweden and Malaysia’s ties as trade and investment partners go way back. In the 1960’s, the Swedish companies such as Volvo, Ericsson, Sandvik, Alfa Laval and Scania established themselves in Malaysia. The first car ever produced in Malaysia was a Volvo, made by Sweden at Volvo’s car producing plant in Shah Alam in 1967. In…

Scania expands customer base in north Malaysia

Sin Hock Soon Transport Sdn Bhd, Nurkasih Holiday & Tours Sdn Bhd and LLZ Haulage Sdn Bhd are examples of key customers of Swedish vehicle producer Scania. On 26 July Scania Malaysia handed over vehicles to these clients in the northern region, receiving in total 17 trucks, 6 buses and 2 trucks respectively. The keys…

Scania Malaysia’s Family Day held in Ipoh

Staff at Scania Malaysia are used to welcoming fleet owners and drivers while at work in their centres but the smiles were a little wider than usual recently because they were also welcoming their families. Held at all the branches throughout Malaysia over July and August, the Scania Family Day that started out at its…

Alliance to standardize blockchain in the supply chain industry

Blockchain is one of the most hyped technology concepts of our time. The possible future of all technologies. The new internet. Still, many companies have very little understanding of how to incorporate the technology in a way that makes sense – considering the challenges within blockchain – so the industry demands knowledge. This is where…