The Company was incorporated in Singapore on 22 February 1971 under the name of Sembawang Towing Co Pte Ltd. It was converted to a public limited company on 6 March 1987 and adopted the name of Sembawang Maritime Ltd. On 24 October 1997, it changed its name to Sembawang Marine & Logistics Ltd. The present name, SembCorp Logistics Ltd (SembLog), was adopted on 12 March 1999 after its merger and acquisition of Singapore Technologies Logistics Pte Ltd.
Since then, the Company has changed its business scope to focus on supply chain management and offshore logistics. The bulk of non-core businesses such as marine salvage, harbour towage services, port operations and shipping-related services have been divested.
SembLog is today a leading pan-Asia integrated logistics company and one of the largest supply chain management companies in the region. It offers a comprehensive range of supply chain management services that include sourcing and procurement, inventory management and demand forecasting, warehousing and distribution, transportation and freight planning and management.
In late 2000, SembLog entered into a global strategic partnership with the world's leading freight forwarder Kuehne & Nagel Intl to offer end-to-end global integrated logistics solutions. The Company has also an exclusive global alliance with mainboard-listed Goodpack Ltd to provide intermediate bulk container-based supply chain management services.
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SembCorp Logistics (SembLog) is Asia’s leading integrated logistics services provider focusing on Supply Chain Management and Offshore Logistics.
Group-wide, SembCorp Logistics employs more than 3,000 staff and operates in fourteen countries – Singapore, Malaysia, Azerbaijan, Bangladesh, China, Hong Kong, India, Indonesia, Myanmar, Sri Lanka, Thailand, Australia, United Kingdom and the United States.
SembLog’s shares are traded on the Singapore Stock Exchange. The majority of its shares comprising 62 per cent is held by SembCorp Industries Ltd.
FY00 turnover Supply chain management 70.2%, offshore logistics 11.4%, marine services 18.2%, other 0.2%.
!HFY01 profit soared 255% while turnover improved 12%. Company said supply chain management and offshore logistics business boosted performance and profit was boosted by exceptional gains from disposal of marine business and investments. Expected a good FY01.
(wef : 25/09/01)
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