LHN Logistics is a division of LHN Ltd. The company has two principal business segments, transportation (66% of FY21 revenue) and container depot services (34%).
Under the transportation segment, LHN Logistics provides domestic and cross-border ISO tank and container transportation services for various petrochemical products, base oils, bitumen and bulk cargo to customers in Singapore and Malaysia.
As for container depot services, the company provides container storage, surveying, cleaning, repair and maintenance services for general purpose and refrigerated containers.
Container depot services. Strong demand for logistics continues to fuel container volumes, even as supply chain issues gradually ease. On a 12-month moving average basis, container throughput in Singapore in February 2022 increased 1.6% to 3.12mn TEUs, while the volume at the Laem Chabang port increased 13.5% to 721k TEUs. The container depots in Thailand are expected to see recovery in volumes following the easing of Covid-19 restrictions.
ISO tanks. Construction of the new ISO tank depot will provide a comprehensive range of solutions for customers, from transportation, to washing and storage. LHN Logistics will enjoy a first-mover advantage in integrating all these services in a single location.