Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners ACN Newswire

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

January 7, 2023
JAKARTA, Jan 7, 2023 - (ACN Newswire via SEAPRWire.com) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners. The signings were held with the inauguration of the PIS branch office in Dubai, UAE (PIS ME) on December 23, 2022. PIS signs MoC with Elite Tankship, signed by the CEO of Elite Tankship, Mangish Kakodkar, and the Director of Operations of PIS, Brilian Perdana. Witnessed by CEO PIS, Yoki Firnandi, President Director Pertamina, Nicke Widyawati, President Commissioner Pertamina, Basuki Tjahaja Purnama, and H.E Ambassador of Indonesia for UAE, Husin Bagis.PIS signed a Heads of Agreement (HoA) with BGN International DMCC (BGN), and a Memorandum of Collaboration (MoC) with Elite Tankship Pte Ltd (Elite Tankship).The HoA with BGN was signed by the CEO of BGN Group, Ruya Bayegan, and the CEO of PIS, Yoki Firnandi. The agreement addresses a Joint Venture (JV) establishment by the two companies for the acquisition, maintenance, and operation of VLGC (Very Large Gas Carriers) vessels and/or other types of vessels.BGN, headquartered in the UAE, is one of the world's largest LPG (Liquified Petroleum Gas) trading companies and the largest LPG importer in Indonesia. "The VLGC business will support BGN's imports of Pertamina's LPG. At some point, it might endorse the cargo market of ammonia," said Commercial Director of PIS, Arief Sukmara. The MoC with Elite Tankship addresses Clean Petroleum Products (CPP), Dirty Petroleum Products (DPP), gas, and other commodities needed in the Middle East, and other areas covered by the parties. The MoC was signed by the Elite Tankship CEO Mangish Kakodkar, and PIS Director of Operations and Managing Director Brilian Perdana.Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company's pride, in May 2022 for a six-year contract period.About PT Pertamina International Shipping (PIS) Pte LtdAs the Integrated Marine Logistics Subholding, PT Pertamina International Shipping (PIS) supports Indonesia's economic growth through safe and sustainable operation, becomes a trusted and reliable maritime partner, and promotes value for stakeholders through running its business. https://pertamina-pis.com/. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Honda Unveils Next-generation Technologies of Honda SENSING 360 and Honda SENSING Elite JCN Newswire

Honda Unveils Next-generation Technologies of Honda SENSING 360 and Honda SENSING Elite

December 1, 2022
TOKYO, Dec 1, 2022 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. today unveiled the next-generation technologies of the Honda SENSING 360 omnidirectional safety and driver-assistive system, and Honda SENSING Elite, a flagship variation of Honda SENSING, respectively. Based on the global safety slogan "Safety for Everyone," Honda is striving for a collision-free society for everyone sharing the road by pursuing the research and development of safety technologies from the perspective of both hardware and software. The Honda SENSING safety and driver-assistive system Honda currently applies to its mass-production models is installed to 99% of Honda's new automobile models sold in Japan and the U.S. and 86% globally. Cumulative sales of vehicles equipped with Honda SENSING now tops 14 million units*1. Honda has been continuously advancing Honda SENSING functions. In 2021, Honda launched Honda SENSING Elite with the Traffic Jam Pilot function, which qualifies for Level 3 automated driving technology. By leveraging know-how amassed through the research and development of Honda SENSING Elite technology, Honda developed the Honda SENSING 360 omnidirectional safety and driver-assistive system, which removes blind spots around the vehicle and contributes to collision avoidance and the reduction of driver burden. The application of Honda SENSING 360 will begin in 2022, starting from China.Today, Honda unveiled the next-generation technologies of Honda SENSING 360, which will realize new functions to reduce driver burden by detecting abnormal conditions occurring to the driver and vehicle's surroundings to prevent collisions. These new functions will be added to the current Honda SENSING 360 and applied sequentially on a global basis starting in 2024. As the next generation technologies of Honda SENSING Elite, Honda also announced newly developed functions based on the enhanced recognition and understanding technologies achieved by the utilization of Honda's original AI technologies. These new functions will assist the driver in achieving a safe and seamless ride from home to their destination with complete peace of mind on any roads, now including non-expressways.As for future plans, Honda is striving to equip all of its new automobile models globally with Honda SENSING (including the 360 and Elite variations) with a motorcycle detection function by 2030. Moreover, Honda will strive to equip all new models in all major markets with Honda SENSING 360 by 2030, while also continuing to advance Honda SENSING functions. Through these initiatives, Honda is aiming to reduce global traffic collision fatalities involving Honda motorcycles and automobiles by half by 2030.Honda is striving for zero traffic collision fatalities involving Honda motorcycles and automobiles globally by 2050. By leveraging strengths unique to a company that conducts both motorcycle and automobile business in the research and development of safety technologies, Honda will work sincerely toward the realization of a collision-free society for everyone sharing the road. (1) Honda internal research as of September 2022.For more information, visit https://global.honda/newsroom/news/2022/c221201eng.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Honda Aircraft Company Reveals Latest Aircraft – the HondaJet Elite II JCN Newswire

Honda Aircraft Company Reveals Latest Aircraft – the HondaJet Elite II

October 18, 2022
Orlando, Florida, Oct 18, 2022 - (JCN Newswire via SEAPRWire.com) - Honda Aircraft Company today revealed the "HondaJet Elite II" at the 2022 National Business Aviation Convention and Exhibition (NBAA-BACE), a new upgraded aircraft that features a host of key advancements in performance and comfort. The company also announced the introduction of automation technologies. HondaJet Elite II (Black Edition)Through Honda Aircraft Company's constant pursuit of innovation, the HondaJet Elite II is the fastest, highest, and farthest flying aircraft in its class, achieving a whole new level of performance that redefines what it means to be a very light jet. With an expanded range of 1,547 nm, the Elite II now extends HondaJet's reach to more destinations while maintaining its position as the most fuel-efficient aircraft in its class. The addition of ground spoilers completes the performance upgrades, optimizing takeoff and landing field performance."The HondaJet Elite II once again pushes the boundaries of its category on all fronts of performance, comfort, and style," said Hideto Yamasaki, President & CEO of Honda Aircraft Company. "We are also excited to take our aircraft forward on the journey of automation by bringing new technologies to the market next year."With the announcement of its journey of automation, Honda Aircraft Company also plans to introduce Autothrottle and Emergency Autoland by the end of 2023. This direction encapsulates the continuous effort to improve the HondaJet through automation, augmentation, and situational awareness technologies, to enhance operational safety and reduce pilot workload while aligning with global Honda's commitment to advances in safety technology.The HondaJet Elite II features a fully redesigned cabin and the introduction of two new interior design options - Onyx and Steel, featuring new surface materials and colors. The cabin redesign led to a modern luxury of flight experience with a holistic approach to comfort that includes a nose to tail acoustic treatment, creating a tranquil space for both passengers and pilots.Outside, the Elite II introduces a bold new Black Edition paint scheme that further differentiates the ramp appeal of the aircraft.For more information, visit https://global.honda/newsroom/news/2022/c221018eng.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Elite Partners continues acquisition spree with the purchase of a warehouse in Poland ACN Newswire

Elite Partners continues acquisition spree with the purchase of a warehouse in Poland

August 16, 2022
Singapore, Aug 16, 2022 - (ACN Newswire via SEAPRWire.com) - Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to EUR30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands.The asset is well-located in Central Poland, being in the immediate vicinity of the A1 motorway, national roads DK 42 and DK 91, as well as key railway junctions. It is the first facility within "LOOGIC Park Radomsko" logistics park which will eventually house 11 warehouse halls totalling 380,000 sqm over 80 hectares of land. The warehouse provides a total usable area of approximately 54,000 sqm and achieved an 'Excellent' BREEAM certification. It was constructed by FB ANTCZAK, Polish general contractor, as a Built-to-Suit facility for JYSK, a big box retailer of household goods. JYSK is the largest Danish retailer operating internationally with over 3,000 stores in 48 countries globally. The warehouse is used primarily for high-volume storage and is strategically located near the main JYSK Distribution Center. This allows JYSK to distribute goods efficiently and lower transport costs, ultimately having a positive effect on the environment through reduction of CO2 emissions. This is the first Polish acquisition for the second series of EPC's Logistic Funds. "Following our recent string of successful investments, we are pleased to announce the acquisition of the Polish warehouse facility that is fully let to JYSK," said Mr Victor Song, CEO of Elite Partners Capital. "We are no stranger to the Polish market and have forged trusted relationships on the ground. Because of this, we are able to efficiently source for select opportunities that provide attractive returns even in today's volatile market."Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.For this transaction, DLA Piper (Legal) advised Elite Partners Capital and AXI IMMO Group acted for the Vendor.About Elite Partners CapitalIncorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands ACN Newswire

Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands

August 2, 2022
Singapore, Aug 2, 2022 - (ACN Newswire via SEAPRWire.com) - Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor. This comes shortly after its acquisition of a distribution facility in Wrexham UK, announced just earlier in the month. This marks the firm's first foray into the Dutch logistics market. The asset is located at Nunspeet, a city just outside the Randstad area in the middle of Netherlands. Located alongside the A28 motorway, it serves as one of multiple industrial/logistics hubs that connects the Randstad area with the northeastern provinces and the northern part of Germany. The asset sits within the Feithenhof business park which has a total size of approximately 27.7 hectares and comprises a mix of local industrial businesses alongside internationally operating occupiers.The warehouse provides a gross floor area of 30,817 sqm on 55,108 sqm of land. It is fully let to B&C International B.V., one of Europe's leading suppliers of custom and ready-made window treatments. B&C is one of North America's Springs Window Fashions' residential brand. The asset is used largely for sorting and distribution and also houses B&C's headquarters. The transaction is part of the second series of EPC's Logistics Fund and is the firm's first acquisition in the Dutch market. "The Netherlands is one of the top logistics markets in Europe, underpinned by efficient ports and well-established logistics infrastructure. We are excited to announce our first acquisition within the Dutch market and look forward to growing our footprint here due to its strong fundamentals and logistics demand," said Mr Victor Song, CEO of Elite Partners Capital. Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.For this transaction, Opal Partners acted for Elite Partners Capital and Cushman & Wakefield acted for the Seller.About Elite Partners CapitalIncorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.Media Contact:enquiries@elitepartnerscapital.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Elite Partners Acquires Distribution Facility in UK ACN Newswire

Elite Partners Acquires Distribution Facility in UK

July 6, 2022
LONDON, Jul 6, 2022 - (ACN Newswire via SEAPRWire.com) - Elite Partners Capital ("EPC") has completed another acquisition of a distribution facility in the UK for over GBP 30M. The asset is located within Wrexham Industrial Estate, a premier industrial location and one of the largest industrial estates in the UK, well placed to serve both Wales and England. The estate extends to over 550 hectares and is home to over 340 businesses creating employment for over 10,000 people. The distribution facility, consisting of two detached industrial warehouse facilities, provides in total 723,114 sqft of built up space on a 45.9 acres land. It is fully let to one of the UK's largest shop-at-home retailers Shop Direct Home Shopping (a subsidiary of The Very Group - a multi-brand online retailer and financial services provider in the UK and Ireland). This represents the first UK acquisition for the second series of EPC's Logistic Funds. Riding on its strong track record and the deep network the manager has built over the years, Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK. The acquisition in Wrexham, according to Mr. Victor Song, CEO of Elite Partners Capital, is part of the firm's bigger plan to amass an institutional-scale portfolio of prime logistics assets across Europe and the UK. He added, "We believe that this asset is particularly well-placed to benefit from the highly dynamic logistics market in the UK where the demand for logistics warehouses remains strong and resilient". The UK Industrial & Logistics sector has seen an outperformance due to the e-Commerce boom over the years, which was further accelerated by the Covid-19 pandemic. For this transaction, Colliers acted for Elite Partners Capital and B8 Real Estate acted for the vendor. About Elite Partners CapitalIncorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.Media Contact:enquiries@elitepartnerscapital.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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