As a global logistics and major transshipment hub, Singapore’s logistics sector is a critical enabler of our economy and everyday life.
If you are a logistics SME, efficiency, visibility and control are the name of the game. Whether it is by land, sea or air, your promise to your customers is to deliver inventory to the right location at the right time. Beyond adapting to global supply chain disruptions and matching delivery capacity to cope with fluctuating demands, you may face delayed payments, high operational costs, rising fuel and shipment prices.
We understand these unique challenges and support logistic SMEs with solutions to keep your business on the move, your customers satisfied and your cash flow rolling. Gain elasticity to support traffic spikes and spin capacity to meet demands. This way, every promise made to your customers will be delivered on time.
Whether you are moving cargo via air, ocean, or roads, the recent economic, environmental, technological and political changes are making it more challenging to increase profitability. We are here to support you in streamlining business operations, managing cash flow better and capitalising on new growth opportunities to be even more competitive.
Secure funds to cover pre-shipment payments to overseas vendors, subcontract your first mile or take on unplanned shipping projects. Enjoy a preferential rate and pay only for the amount you use.
Secure funds to cover pre-shipment payments to overseas vendors, subcontract your first mile or take on unplanned shipping projects. Enjoy a preferential rate and pay only for the amount you use.
Convert your unpaid sales invoices or purchase orders into cash and get funding within 1 day, so you can scale your business faster.
Convert your unpaid sales invoices or purchase orders into cash and get funding within 1 day, so you can scale your business faster.
Your sustainability efforts will set the stage to lower carbon emissions due to the major role that vehicles play in maintaining the supply chain. Looking to own or expand your fleet of vehicles to organise shipments between locations? Go green and enjoy preferential rates when you purchase sustainable vehicles.
Your sustainability efforts will set the stage to lower carbon emissions due to the major role that vehicles play in maintaining the supply chain. Looking to own or expand your fleet of vehicles to organise shipments between locations? Go green and enjoy preferential rates when you purchase sustainable vehicles.
Adopt multiple ways to pay your suppliers on time. Protect yourself from currency swings and lock in preferred exchange rates for overseas transactions with FX Online.
Adopt multiple ways to pay your suppliers on time. Protect yourself from currency swings and lock in preferred exchange rates for overseas transactions with FX Online.
Go digital and receive payments instantly in your business account for free and reconcile transactions with OCBC OneCollect. T&Cs apply.
Go digital and receive payments instantly in your business account for free and reconcile transactions with OCBC OneCollect. T&Cs apply.
If you still need to collect cash, simply deposit your drivers’ cash takings at any OCBC ATM securely with a Business Deposit Card and save on counter transaction and cash deposit fees.
If you still need to collect cash, simply deposit your drivers’ cash takings at any OCBC ATM securely with a Business Deposit Card and save on counter transaction and cash deposit fees.
Transport Operator Liability Insurance protects your SME against the financial consequences of legal liability from the care, custody and control of third-party property. It also covers cargo liability, warehousemen liability, errors and omissions, loss of documents, breach of authority or regulations relating to import or export and carriage of cargo and more. Get covered for up to S$1 million dollars.
Transport Operator Liability Insurance protects your SME against the financial consequences of legal liability from the care, custody and control of third-party property. It also covers cargo liability, warehousemen liability, errors and omissions, loss of documents, breach of authority or regulations relating to import or export and carriage of cargo and more. Get covered for up to S$1 million dollars.
For uninterrupted and worry-free operations, you can minimise damages or losses caused by unforeseen circumstances, such as natural calamities, work related accidents and liabilities. Our General Commercial Insurance covers fire damages, public liability, burglary, loss of money, work injury compensation for your employees and financial damages or losses that may arise from a motor accident.
For uninterrupted and worry-free operations, you can minimise damages or losses caused by unforeseen circumstances, such as natural calamities, work related accidents and liabilities. Our General Commercial Insurance covers fire damages, public liability, burglary, loss of money, work injury compensation for your employees and financial damages or losses that may arise from a motor accident.
Keep drivers on the road and assets moving around the clock to ensure your operations are running smoothly. Get the solutions you need to deliver on time, every time.
Secure funding to take on unplanned trips to transport goods. Enjoy a preferential rate and pay only for the amount you use.
Secure funding to take on unplanned trips to transport goods. Enjoy a preferential rate and pay only for the amount you use.
Convert your unpaid invoices into cash and get funding within 1 day. With a short wait time to access these funds, you can refuel your fleet and scale your business faster.
Convert your unpaid invoices into cash and get funding within 1 day. With a short wait time to access these funds, you can refuel your fleet and scale your business faster.
Your sustainability efforts will set the stage to lower carbon emissions due to the major role that transportation businesses play in maintaining the supply chain. Go green and enjoy preferential rates when you purchase sustainable vehicles, equipment or machinery.
Your sustainability efforts will set the stage to lower carbon emissions due to the major role that transportation businesses play in maintaining the supply chain. Go green and enjoy preferential rates when you purchase sustainable vehicles, equipment or machinery.
Adopt multiple ways to pay your suppliers on time. Protect yourself from currency swings and lock in preferred exchange rates for overseas transactions with FX Online.
Adopt multiple ways to pay your suppliers on time. Protect yourself from currency swings and lock in preferred exchange rates for overseas transactions with FX Online.
Go digital and receive payments instantly in your business account for free and reconcile transactions with OCBC OneCollect. T&Cs apply.
Go digital and receive payments instantly in your business account for free and reconcile transactions with OCBC OneCollect. T&Cs apply.
If you still need to collect cash, simply deposit your drivers’ cash takings at any OCBC ATM securely with a Business Deposit Card and save on counter transaction and cash deposit fees.
If you still need to collect cash, simply deposit your drivers’ cash takings at any OCBC ATM securely with a Business Deposit Card and save on counter transaction and cash deposit fees.
Go digital and get real-time vehicle and GPS tracking solutions to monitor and manage your staff and vehicles. Stay in control wherever you are with fleet management systems that provide increased visibility across your fleet and route optimisation capabilities. We are here to support you with the right systems to maximise your business resources and optimise driver routes to reduce fuel consumption and carbon emissions.
Go digital and get real-time vehicle and GPS tracking solutions to monitor and manage your staff and vehicles. Stay in control wherever you are with fleet management systems that provide increased visibility across your fleet and route optimisation capabilities. We are here to support you with the right systems to maximise your business resources and optimise driver routes to reduce fuel consumption and carbon emissions.
Specially designed for Freight Forwarders, Transport Operator Liability Insurance protects your SME against the financial consequences of legal liability from the care, custody and control of third-party property. It also covers cargo liability, warehousemen liability, errors and omissions, loss of documents, breach of authority or regulations relating to import or export and carriage of cargo and more. Get covered for up to S$1 million dollars.
Specially designed for Freight Forwarders, Transport Operator Liability Insurance protects your SME against the financial consequences of legal liability from the care, custody and control of third-party property. It also covers cargo liability, warehousemen liability, errors and omissions, loss of documents, breach of authority or regulations relating to import or export and carriage of cargo and more. Get covered for up to S$1 million dollars.
For uninterrupted and worry-free operations, you can minimise damages and/or losses caused by unforeseen circumstances, such as natural calamities, work related accidents and liabilities. Our General Commercial Insurance covers fire damages, public liability, loss of money, work injury compensation for your employees and financial damages or losses that may arise from a motor accident.
For uninterrupted and worry-free operations, you can minimise damages and/or losses caused by unforeseen circumstances, such as natural calamities, work related accidents and liabilities. Our General Commercial Insurance covers fire damages, public liability, loss of money, work injury compensation for your employees and financial damages or losses that may arise from a motor accident.
When speed and accuracy are critical to customer satisfaction, smart warehouse logistics is the key to fulfilling orders faster than ever before. Supercharge your warehousing and fulfilment with solutions that help boost productivity, efficiency and agility to quickly meet ever-changing customer demands.
Security deposit is necessary as a safeguard when it comes to leasing a warehouse. Avoid having to make hefty security deposits to landlords with our rental bonds.
Security deposit is necessary as a safeguard when it comes to leasing a warehouse. Avoid having to make hefty security deposits to landlords with our rental bonds.
Warehouses produce environmental pollution mostly from heating, cooling, and lighting. If you are purchasing a warehouse that connects to your sourcing areas to optimise the flow of goods or to expand your business, go green and enjoy lower rates when you purchase and retrofit your property for energy efficiency.
Warehouses produce environmental pollution mostly from heating, cooling, and lighting. If you are purchasing a warehouse that connects to your sourcing areas to optimise the flow of goods or to expand your business, go green and enjoy lower rates when you purchase and retrofit your property for energy efficiency.
Ensure that business-critical operations in your warehouse are able to meet increasing customer demands. Secure financing to invest in new technologies with minimal capital outlay to improve productivity and lessen labour burden. Enjoy preferential rates on sustainable alternatives.
Ensure that business-critical operations in your warehouse are able to meet increasing customer demands. Secure financing to invest in new technologies with minimal capital outlay to improve productivity and lessen labour burden. Enjoy preferential rates on sustainable alternatives.
Adopt multiple ways to pay your suppliers on time. Protect yourself from currency swings and lock in preferred exchange rates for overseas transactions with FX Online.
Adopt multiple ways to pay your suppliers on time. Protect yourself from currency swings and lock in preferred exchange rates for overseas transactions with FX Online.
Go digital and receive payments instantly in your business account for free and reconcile transactions with OCBC OneCollect. T&Cs apply.
Go digital and receive payments instantly in your business account for free and reconcile transactions with OCBC OneCollect. T&Cs apply.
If you still need to collect cash, simply deposit your drivers’ cash takings at any OCBC ATM securely with a Business Deposit Card and save on counter transaction and cash deposit fees.
If you still need to collect cash, simply deposit your drivers’ cash takings at any OCBC ATM securely with a Business Deposit Card and save on counter transaction and cash deposit fees.
From receiving to picking, staging, and loading, we provide you with advice on the right warehouse management system that can help to drive automation and efficiency for your business with real-time transaction processing, optimised storage, selection strategies, directed task management and more.
From receiving to picking, staging, and loading, we provide you with advice on the right warehouse management system that can help to drive automation and efficiency for your business with real-time transaction processing, optimised storage, selection strategies, directed task management and more.
Transport Operator Liability Insurance protects your SME against the financial consequences of legal liability from the care, custody and control of third-party property. It also covers cargo liability, warehousemen liability, errors and omissions, loss of documents, breach of authority or regulations relating to import or export and carriage of cargo and more. Get covered for up to S$1 million dollars.
Transport Operator Liability Insurance protects your SME against the financial consequences of legal liability from the care, custody and control of third-party property. It also covers cargo liability, warehousemen liability, errors and omissions, loss of documents, breach of authority or regulations relating to import or export and carriage of cargo and more. Get covered for up to S$1 million dollars.
If you are moving cargo by land, our Inland Transit Insurance insures you for the loss or damage of goods whilst in transit. Simply submit your shipment documents.
If you are moving cargo by land, our Inland Transit Insurance insures you for the loss or damage of goods whilst in transit. Simply submit your shipment documents.
For uninterrupted and worry-free operations, you can minimise damages or losses caused by unforeseen circumstances, such as natural calamities, work related accidents and liabilities. Our General Commercial Insurance covers fire damages, public liability, burglary, loss of money, work injury compensation for your employees and financial damages or losses that may arise from a motor accident.
For uninterrupted and worry-free operations, you can minimise damages or losses caused by unforeseen circumstances, such as natural calamities, work related accidents and liabilities. Our General Commercial Insurance covers fire damages, public liability, burglary, loss of money, work injury compensation for your employees and financial damages or losses that may arise from a motor accident.
We have a wide range of solutions that can be tailored to your business.
Use our solution finder below to find solutions that best suit your business needs.
I’m in the business of:
These are the pain points that I face:
Your recommended solution(s)
At OCBC, we offer holistic solutions to help your logistics SME streamline business operations, manage your cash flow better and capitalise on new growth opportunities to be even more competitive.
Transworld Group Singapore
Its strong team, regional focus and ability to stay nimble have helped Transworld Group Singapore weather some storms over the years – and they are thriving. Hear from their Chairman and CEO Mr. Mahesh Sivaswamy.
"With over 20 years of banking experience with OCBC, we are pleased to have them as our main bank. They are with us throughout our growth journey, supporting us in setting up various logistics verticals, transforming from a mere land transporter to a 3PL (3rd Party Logistics) provider.
With our plans to venture overseas recently, OCBC has connected us up with its Malaysia sister company, OBMB, allowing us to set up the corporate account remotely in Singapore. We are very pleased with the ‘extra mile’ that they can provide as a local bank.”
Eugene Heng
Director and Founder, Masindo Group
Considering a merger and acquisition or regional expansion? Be it now or for the future, our logistics specialists are ready to provide customised and strategic advisory to facilitate your growth objectives.
Access in-country advisory and financing through our extensive regional network to facilitate your regional business expansion.
The transport and logistics sector generates 14.8% of Singapore’s carbon emissions and is the third largest contributor to pollution. Let us support you in contributing towards a net zero future.
Regardless of which logistics sub-sector your business is operating in, our innovative sustainable logistics solutions can help your business make a positive impact on the planet while maintaining a competitive advantage.
No matter the size or stage of your business, we can support you every step of the way.
If you are starting your business for the first time, join us as an OCBC Business Banking customer by opening a business account. Or contact our digital specialist to help you get started on the right foot and to digitalise your business.
Open a business account
Whether you are expanding your range of services or your footprint, we offer industry insights and solutions to help you grow and scale. Contact us and our Relationship Manager will be in touch.
The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs. Transport & Logistics continued its expansion at 51.4 for a 6th consecutive quarter as collections rose 33% YoY. The industry continues to be driven by robust growth in Logistics which registered a strong reading of 54.1, lifted by growth in trade and e-commerce as collections rose significantly by 67% YoY.
No matter which sub-sector your business is operating in, we are here to support you to meet customers’ needs from one end of the supply chain to the other.
