High-Trend International Group Appoints New Director
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
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Source: PRnewswire
- Leadership Change: High-Trend International Group has appointed Mr. Chew Men Leong, former Chief of Navy of Singapore, as a director, aiming to leverage his extensive maritime command and infrastructure governance experience to enhance the company's competitiveness in the global shipping market.
- Capital Markets Expertise: During his tenure at ST Engineering, Mr. Chew successfully led a $2.68 billion cross-border acquisition, showcasing his exceptional capabilities in capital markets and M&A, which will lay a strong foundation for the company's future capital operations.
- Business Expansion Potential: As the founding President of ST Engineering's Urban Solutions business, Mr. Chew managed a global portfolio across over 150 cities with annual revenues exceeding SGD 1.6 billion, demonstrating his successful experience in large-scale business leadership that will support High-Trend's global strategy.
- Strategic Opportunity: Mr. Chew's appointment is seen as a pivotal step for High-Trend at the intersection of international shipping, technology, and sustainability, with expectations to create sustainable shareholder value and drive the implementation of the company's long-term strategy.
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About HTCO
High-Trend International Group, formerly Caravelle International Group, is an ocean technology company. The Company provides international shipping services, as well as a carbon neutral solution for wood desiccation, its carbon neutral ocean technology (CO-Tech) solution. The Company's segments include ocean transportation and heating business. Its business comprises of two sectors, such as the traditional business in international shipping, operated by the Topsheen Companies and the new CO-Tech business under Singapore Garden. The CO-Tech business is a new development building upon the existing shipping business. It enables wood desiccation during the maritime shipping process, with full utilization of the shipping time, space, and the waste heat of exhaust gas from the shipping vessels. It offers transportation services under voyage contracts and vessels services for and on behalf of ship owners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
High-Trend International Group Appoints New Director
- Leadership Change: High-Trend International Group has appointed Mr. Chew Men Leong, former Chief of Navy of Singapore, as a director, aiming to leverage his extensive maritime command and infrastructure governance experience to enhance the company's competitiveness in the global shipping market.
- Capital Markets Expertise: During his tenure at ST Engineering, Mr. Chew successfully led a $2.68 billion cross-border acquisition, showcasing his exceptional capabilities in capital markets and M&A, which will lay a strong foundation for the company's future capital operations.
- Business Expansion Potential: As the founding President of ST Engineering's Urban Solutions business, Mr. Chew managed a global portfolio across over 150 cities with annual revenues exceeding SGD 1.6 billion, demonstrating his successful experience in large-scale business leadership that will support High-Trend's global strategy.
- Strategic Opportunity: Mr. Chew's appointment is seen as a pivotal step for High-Trend at the intersection of international shipping, technology, and sustainability, with expectations to create sustainable shareholder value and drive the implementation of the company's long-term strategy.
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High-Trend International Reports FY GAAP EPS of -$4.18 with Revenue of $214.4M and 103% YoY Ocean Freight Growth
- Financial Highlights: High-Trend International reported a FY GAAP EPS of -$4.18, with revenue reaching $214.4 million, demonstrating resilience despite losses and indicating potential for recovery.
- Ocean Freight Surge: Ocean freight revenue soared by 103% year-over-year, with total voyage days more than doubling, indicating a significant market share gain amid global logistics demand recovery, enhancing future growth prospects.
- Cash Flow Improvement: Operating cash flow turned positive at approximately $4.6 million, reflecting improvements in cost control and operational efficiency, providing financial support for future investments and expansions.
- Increased Cash Reserves: As of October 31, 2025, cash and cash equivalents rose to approximately $10.1 million, bolstering the company's liquidity and financial stability, aiding in navigating market fluctuations.
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