Oceanus Group has set up a logistics subsidiary that will complement and help grow its own rapidly growing distribution business.
With an eye on expanding the warehousing space it manages to 600,000 sq ft across the region in the next two, three years’ time, Oceanus Tradelog, as this unit is called, aims to have external customers too.
According to Oceanus, this subsidiary has recently secured a contract to supply Country Foods, a subsidiary of SATS, with both warehousing and logistics services for its frozen meat products.
Other than warehousing services, Oceanus Tradelog will also look into the distribution of frozen food products.
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Since the beginning of October 2021, Oceanus has secured distribution deals totaling 875 tonnes for the export of frozen meat to neighbouring countries in South East Asia.
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Separately, Sino Food Group, another subsidiary of Oceanus will be supplying up to 100 containers of frozen foods every month to China.
“The incorporation of Oceanus Tradelog and the series of milestones we have achieved to date is a strong affirmation that we are on track to playing a significant role in global food security,” says Oceanus CEO Peter Koh.
“Together with the Group’s recently established Sino Food Group whose target market is China, Oceanus Group is set to become a revolutionary forward-thinking Food Tech company to bolster the global food supply chain and food security,” adds Koh.
Photo: Samuel Isaac Chua /The Edge Singapore
