IMC INDUSTRIAL GROUP - Key Persons
Job Titles:
- Managing Director
- Managing Director Indonesia
As the Managing Director, Indonesia Business Unit (Shipping Logistics and Plantation) and Country Head, IMC Industrial Group, Alex is responsible for IMC investments with the objective in harnessing its core competency in building business growth in Indonesia. He is also the President Director and CEO PT. Pelita Samudera Shipping Tbk.
Alex was formerly the Group Chief Financial Officer of IMC Pan Asia Alliance Pte Ltd, based in Singapore.
Prior to IMC, he was the CEO & President Director PT. Arpeni Pratama Ocean Line Tbk and PT. Goodyear Indonesia Tbk and gained his wealth of regional corporate experiences from Singapore, Malaysia, Myanmar and Vietnam.
Alex graduated from the Kelley School of Business at Indiana University, Bloomington with a Bachelor Degree in Accounting, Finance and Operations Management and obtained his Masters in Marketing Management from the Macquarie Graduate School of Management. He also completed his Masters in Social Sciences in Applied Economics from the National University of Singapore and Masters of Science in Management of Technology from the National University of Singapore Business School.
Singapore, 30 September 2020 - Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), takes delivery of the second of its eight newbuildings - Maritime Tranquility today. The remaining six newbuildings are scheduled to be delivered throughout 2021.
Job Titles:
- Chairman / IMC Pan Asia Alliance Group President, FBN Pacific Asia Chapter
- Chairman of IMC Pan Asia Alliance Group
Chavalit Frederick Tsao is the Chairman of IMC Pan Asia Alliance Group (IMC Group) .
He is the fourth generation to embark on his maritime career when he joined his family business at twenty years old. He ventured out on his own whilst serving IMC Group of companies, which roots can be traced to 1906. He started several companies, listed and then delisted two companies, and turned around a bankrupt Thai national shipping line successfully. At 37, he took over the helm from his father, Tan Sri Frank Tsao.
Under his stewardship, he restructured the traditional shipping company into a global enterprise with diverse business interests in more than 15 countries. Today, the IMC Group has interests in four strategic business areas:
IMC Industrial, a leading integrated maritime and industrial solutions provider in dry bulk shipping, industrial logistics, chemical transportation, shipyard and marine engineering, offshore assets and services, consumer logistics and palm oil plantations;
Heritas Capital Management, an investment and fund management group;
Octave Institute, a sustainable living lifestyle and real estate group; and
AITIA Institute (AI) is a not-for-profit organization, that offers quality research based and personalized corporate programmes ready to tackle a spectrum of challenges faced by businesses.
Mr Tsao founded Family Business Network Asia, a regional chapter of Family Business Network International to promote sustainable family business. He believes that family business can make a difference to the evolution of business in the new role of business in society. He holds dual positions as the Permanent Honorary President and Chairman, Ambassadors' Circle, Family Business Network International.
Mr Tsao graduated from the University of Michigan with a Master of Science in Engineering (Industrial and Operations Engineering) and a Bachelor of Science degree in Engineering (Naval Architecture and Marine Engineering).
Job Titles:
- Managing Director of Aurora Tankers, Added
Dexter Say, Managing Director of Aurora Tankers, added: "This joint operation partnership is a step towards building our stainless steel fleet and serving customers with greater flexibility. We believe the timing of the partnership is perfect, as the medium to long term outlook for the chemical tanker market is positive. We look forward to working together with GSB Tankers to achieve both companies' goals".
Job Titles:
- Managing Director of Shipping, IMC Industrial Group, Sai
- Managing Director, IMC Shipping Group, Sai
- Managing Director, Shipping
- Senior Director, Shipping, IMC Industrial Group ( IMCIG ) Commented
- Senior Director, Shipping, IMC Industrial Group Commented
Mr Frederik Guttormsen, Managing Director of Shipping, IMC Industrial Group, said, "We are warmly welcoming Mingfa on board. His wide-ranging experience and deep expertise in key aspects of the shipping business, will play a pivotal role in IMC's transformation into an asset-light business focused on offering integrated solutions and services to the industry."
An industry veteran, Mingfa has more than 28 years of extensive international experience in general management, business development, ship management, ship operations, ship new building and maritime consultancy. He joins IMC from Bernhard Schulte Shipmanagement (China) where he was the managing director responsible for developing strategic objectives and ensuring efficiency and quality of Ship Management Center services.
Mingfa said, "As an ex-seafarer worked onboard IMC's ship, I am excited to come back and start a new journey with IMC. In today's volatile economic and business environment, our industry has gone through many changes but has remained to be one of the most resilient industries. However, the only constant is change, we have to be proactive to handle changes and be agile to capture future opportunities. IMC is in a strong position to take a leading role in the innovation of shipping industry, I am eager to work with the team to deliver first class services and add value to our company, our clients and our society."
Mr Frederik Guttormsen, Managing Director, Shipping, IMC Industrial Group said, "Beyond renewing our fleet with modern tonnage to provide our customers with safe, reliable and cost-effective voyages, we are looking to double the number of vessels in our Pool, building on our positive view of the forward chemical market. The first seven ships of the series have been received positively by our customers and achieved encouraging performance levels."
Mr Guttormsen added, "Our transformation from a traditional shipowner to a services-focused operator is well underway. We have stayed resilient against the challenges of COVID-19 and continue to leverage our legacy knowledge and expertise to expand our business capabilities. We are making strategic investments in digital solutions, developing integrated services and forging partnerships that create value for customers and sharpen their competitive edge."
Frederik Guttormsen, Managing Director, IMC Shipping Group, said: "I am very pleased to announce this strategic partnership with GSB. This will give us more scale, drive efficiencies and be a platform for further expansion in the stainless steel chemical tanker segment."
"We remain confident in the chemical tanker market overall and we will continue to expand our shipping platform which today include our 22 strong MR tanker fleet, our stainless-steel 19k fleet, CSIMC, our fleet of MPV's, the global dry bulk operating business and the domestic operation in Indonesia by PT Pelita Samudera Shipping Tbk," added Guttormsen.
"We at IMC Shipping are deeply concerned about the thousands of international seafarers around the world being impacted by the lack of crew changes and the impact on the physical and mental wellbeing of these seafarers.
All of us have a shared responsibility and important roles to play to ensure this humanitarian crisis gets resolved as soon as possible. Together, we need to build a more resilient maritime supply chain to ensure and protect the rights and wellbeing of our seafarers."
Mr Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group (IMCIG) commented: "We are happy to note that our first and second newbuildings in this series - Maritime Comity and Maritime Tranquility, are operationally performing very well and we have been receiving positive feedback from our customers since they were launched last year. We look forward to continuously exceeding our customer needs with Maritime Amity too."
Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group commented: "The Veson IMOS Platform was the clear choice for us. This future-fit solution will support and enable exponential growth for our core shipping businesses. It will also provide analytics and business insight for timely and well-informed decision making, improve productivity, and standardize processes for greater efficiency as our competitive edge. We look forward to working collaboratively with Veson to take our IMC businesses to the next level."
Job Titles:
- Investment Committee Member, Commented
- Principal, IMC Ventures, Sai
James Ong, Principal, IMC Ventures, said, "Everimpact's commitment and track record in creating innovative solutions to solve difficult sustainability challenges for the world is a massive game-changer. Everimpact has a unique approach towards developing a Maritime Carbon Tracking and Offset Platform - using nano-sensor technology to trace the greenhouse gas emissions from vessels, and connect it to the carbon offset platform."
Mr James Ong, IMC Ventures' Investment Committee Member, commented: "The best validation of BeeX's solution is demonstrated through the demand for their product in the maritimeindustry. The fact that BeeX has shown the commercially ability sell their solutions on commercial terms validates that the technology works, and the pricing is viable. IMC hopes tohelp BeeX scale by utilising IMC's broad network across Asia Pacific".
Job Titles:
- Managing Director
- Managing Director of Unithai Shipyard
Ms Grace Chia, CEO of BeeX said: "IMC's extensive networks and in-depth knowledge of pain-points in maritime, combined with their focus on positive environmental and social impacts, makes them a great partner for BeeX. With their investment, we are excited to operationalise marine autonomy with more customers, taking humans out of dangerous tasks underwater whilst keeping marine infrastructure safe."
Job Titles:
- Investment Specialist at ADB Ventures
Munish Aggarwal, Investment Specialist at ADB Ventures said: "Everimpact's powerful platform combines satellite technology and ground systems to help cities and operators of large sites track their carbon footprint in real-time is unique and best placed to offer actionable and reliable insights to solve critical climate challenges. We're thrilled to partner with Everimpact as the company expands its scalable solution in developing Asia."
Nakul Malhotra, Vice President Emerging Opportunities Portfolio - Maritime Services, Wilhelmsen said: "Everimpact's solution is already proven for urban environments but we now have an opportunity to take it significantly further. Our collaborative work could help them take a leap forward in the maritime industry and then have ripple effects on other industries too - making the hardware work onboard one of the most harsh operational settings opens up possibilities to introduce it to almost any industrial setting thereafter."
Job Titles:
- General Partner of Motion Ventures
Nicklas Viby Fursund, General Partner of Motion Ventures said: "Bringing together those from the public and private sector with the most influence on maritime and global supply chains is unprecedented. The pairing of the engineering collaboration and strategic capital is not just a milestone for Everimpact but a proof point for a consortium approach to innovation."
Job Titles:
- China Country Head
- Head, Shipping & Logistics
As the China Country Head of IMC Industrial Group, Ms Qiu Peng is responsible for IG China's overall business performance and growth in China. She is also Head of the Group's Iron Ore Supply Chain, responsible for the strategic direction of iron ore supply chain, as part of the Group's dry bulk supply chain strategy.
Qiu Peng has over 20 years of experience in IMC. She started her career with the Group in Qingdao, China, and has worked for the Group in Singapore, Hong Kong, Shanghai, Beijing, and Lianyungang with a particular focus on project development and managing the Group's direct investments in China. She also sits on the boards of the Group's various joint ventures and wholly owned entities in China, while taking up managing director roles of various operating business units in China.
Qiu Peng received her Bachelor of Arts in English and Business Administration from Shandong University in China, and Master of Science in Shipping and Logistics from Hong Kong Polytechnic University. She also received Executive Education in Management Development from Harvard Business School in the United States of America as well as China Master in Practical Management from Renmin University in Beijing, China.
Job Titles:
- General Manager of Ship Dept
Takafumi Oka, General Manager of Ship Dept., Mitsubishi Corporation said: "We believe that this project will help transform the maritime industry into one that is more transparent and reliable for carbon emission monitoring and reporting. This solution offers great potential for the industry at large to create value for supply chains around the world. Making carbon emission visibility possible aligns with new regulatory and compliance measures, such as CII and the carbon pricing market. We hope we can utilise the domain knowledge of each stakeholder and maximise the valuable expertise they each bring to the table as we embark on this exciting journey with our reliable partners."
Job Titles:
- Representative at MOL PLUS, Sai
Takuya Sakamoto, Representative at MOL PLUS, said: "We believe that Everimpact has a great potential of growth on this market with strong team of advanced initiatives and rapid implementation of urban demonstrations. We will keep up with this carbon credit activities and be proactive with collaborating Everimpact and all Partners."
Job Titles:
- Deputy Group Managing Director
As Deputy Group Managing Director of IMC Industrial, Mr Yuelin Yang manages Industrial corporate and business relationships. Mr Yang is also responsible for multi-family office, Family Business Network program committee and IMC Group's investments.
Mr Yang has been with IMC since 1995 and has held various senior appointments. Prior to joining IMC, Mr Yang was a member of Office of the Chairman Stan Shih and Associate General Counsel at Acer Computers in San Jose, California and Taipei, Taiwan. He started his career practising law in Silicon Valley at the Cooley Godward and Brobeck Phleger law firms.
Mr Yang is on the Asian board of Directors for Verlinvest (the family investment vehicle for the Belgium families who are major shareholders of AB InBev), World Economic Forum's Global Agenda Council for ASEAN and the Family Business Advisory Committee of Insead. He is a member of the Pacific Pension Institute (San Francisco), the Council of Asian Corporate Governance Association (Hong Kong), and the Industry Advisory Council of NUS Business School's Centre for Governance, Institutions & Organisations.
Mr Yang received a Bachelor of Science in Industrial Engineering from Stanford University and a JD from Stanford Law School.