JUNE - 2008

CWT Globelink has set up a new office in Lianyungang since April 2008

Located in the middle of China east coast and in the northeast of Jiangsu Province , Lianyungang is a coastal city along Huang Hai. It adjoins the Yangtze River Delta in the south and the Bohai Rim in the north, opens to the Pacific Ocean in the east, faces Japan and Korea , and connects Central Asia and Europe as well as China 's central and western regions through Longhai-Lanxin railway in the west.

It is the eastern bridgehead of the New Eurasia Continental Bridge (NECB). Transshipment of containers to WEST of ASIA and EUROPE by rail commences here.

Lianyungang has a total land area of 7,444 square kilometers and a population of 4.82 million. Facing Lian Island, backs on Yuntai Mountain , it embraces a port, which is the origin of its name. Just 4 hours away from Qingdao , Lianyungang port is one of the top 10 container ports in coastal cities of China . In the year 2007, the port's throughput hit 85 million tons and the amount of container handled reached 2 millions TEUs.

CWT Globelink has commenced a new consol service from Lianyungang to Korea - 4 times a week to Pusan , 2 times per week to Incheon and 2 times per week to Pyungtaek.

MAY - 2008

CWT expands its logistics capabilities with the official opening of logistics hub 1 and 2

CWT has taken one more step towards its goal of becoming a top global player with the official opening of two logistics facilities in Singapore by Mr Lim Hng Kiang, Minister for Trade and Industry. With a total investment of more than S$80 million (US$58 million) and a combined warehouse space of nearly 1 million sqft, CWT Logistics Hub 1 and 2 are equipped with enhanced storage facilities and features for specialized materials handling. Located close to port terminals, these hubs are energy-efficient using natural lighting and ramps instead of electric lights and cargo lifts.

CWT Director and Group CEO, Mr Loi Pok Yen is confident that such strategies will give the company a distinctive competitive edge. "This translates into a savings of S$0.16 per sqft per month," he explains. The two hubs have been fully taken up by three key clients with chemical giant BASF as the anchor client. In the chemicals logistics space, CWT is the largest in Asia and has about 50 per cent of the market.

CWT is looking to capture an even bigger share of the US$250 billion global 3PL market.In his speech, Mr Lim Hng Kiang, Minister of Trade and Industry put Asian logistics growth at a blistering 10 to 15 percent - twice the global growth rate. In 2007, logistics and supply chain management accounted for 9.4 percent of the Singapore 's GDP. Singapore was ranked as the No. 1 logistics hub in a World Bank shipping survey last year and plays host to 17 of the world's top 25 third party logistics players. “With the stiff competition from major global industry players, CWT is aggressively pushing forth with plans well underway to enhance existing capabilities and infrastructures to keep ahead of the global markets needs,” said Mr Loi.

APRIL - 2008

Globelink Egypt is now ranked 2

Globelink Egypt has started providing consolidation and the forwarding services in the Egyptian market during 2006.

In 2007, the company extended its coverage worldwide and was ranked top 5 amongst the 85 NVOCC and forwarding companies in Egypt .

From 2008 Jan/Feb's statistics, GL Egypt has moved to 2 nd position in ranking. The success of the heightened positioning was much credited to the synergistic support from Globelink Group of offices and agents, the consistent effort expended by GL Egypt's team and the good business acumen of setting up the first bonded warehouse in Egypt .

The good tidings would not have been possible without your good support. Thank you.

We look forward to your continuous cargo support to strengthen our foothold in the Egyptian market for many years to come.

MARCH - 2008

Globelink Uniexco - Barcelona office was evacuated

On 13 Feb 2008, a forklift collided against a sustaining pillar in an adjacent warehouse that shared a common wall with GL Barcelona office. After safety inspection by a team of engineers and firemen, our Spanish colleagues have been asked to evacuate the office premise as there was a calculated risk that the roof might collapse.

In the interim, to minimize the operation downtime, their IT team has reinstalled their communication and computer system. Hence GL Uniexco – Spain was operational, but working with limitations since all operation files and documents remained in the office and the authorities blocked off the area; strictly no admission back to office to retrieve the documents due to safety reasons

Finally after 3 weeks, GL Uniexco has been authorized to re-occupy the office premise and resume full operations. We would like to thank you for your patience and support during these 3 weeks.

FEBRUARY - 2008

CWT Globelink turns 20 !

From a modest Singapore office in 1988, CWT Globelink today has grown to be the leading consolidator in Asia with 75 offices in 14 countries. The 20th year anniversary marks a significant mile stone in the history of the group. This is not possible without the support from our partners, valued customers, friends in the industry and our suppliers.

We would like to take this opportunity to thank all of you and look forward for your continued support.

In celebration of 20 years of support from the community, we like to play our part as a responsible and caring corporate citizen by giving back to the needy in the community.

CWT GLOBELINK will donate S$20cents for every cbm of export cargo booking received in Singapore .

We have chosen to sponsor "Beyond Social Services" which has program to help our less fortunate children and youth from difficult backgrounds.They provide services such as Residential care for children needing care and protection, day care and learning program for children whose families cannot afford educational expenses.

Going forward, CWT Globelink group will continue to expand our network at strategic locations. Beside the coastal ports, the group will be expanding inland aggressively to provide a more comprehensive coverage within the respective country. To further enhance the service, there will be increase in sailing frequency and introduction of more new trade lanes for direct call.

JANUARY - 2008

Group Chairman's message for 2008