DHL Launches Oil & Energy Center in Singapore

Logistics Insight Asia - Top Story, 26/11/2009

DHL has unveiled its global strategy to bolster its service offerings and infrastructure for the EUR260 billion (US$393 billion) global Oil and Energy logistics industry. The company also launched a dedicated Oil and Energy Center of Excellence (COE) in Singapore to serve the Asia Pacific region, as it expands its global network of Oil and Energy Expertise centers to capitalize on market demand.

Staffed by more than 200 employees, the company’s Asia Pacific Oil and Energy Center of Excellence (COE) located in Changi South marks the eighth and largest DHL Center of Excellence for Oil and Energy. The center comprises of a comprehensive team of industry professionals who design and implement innovative and enhanced logistics solutions for oil and energy companies.

Led by Sam Ang, CEO, Southeast Asia, DHL Global Forwarding, the center is interlinked with a network of regional centers around the world.

World energy demand by 2030 is expected to grow 74 percent from 2005 levels, of which China alone is expected to account for 30 percent of that growth. The industry is expected to attract an average of EUR 600 billion a year in investments to reach EUR 15 trillion in cumulated investments in the energy sector by 2030.

DHL, www.dhl.com