Contracts logistics supply chain procurement

Global - Hewlett-Packard (HP) will be paying US$55 million to settle claims of paying kickbacks to government buyers, and this is assumed to be one of the largest settlement figures achieved.

Brunei - Kerry Logistics has penned an agreement with the Government of Brunei to build an international halal range of products and services for both Muslims and non-Muslims.

Global - Siemens has won two orders to supply wind turbines worth US$1.1 billion in the US and Canada.

South Korea - Hyundai Motor Co. has won a contract to supply buses to the United Nations (UN) and is the first carmaker in the country to be signed on as a supplier of vehicles for the UN.

India - India and Iran have signed a Memorandum of Understanding (MoU) in new air services facilitating code sharing and an enhancement in the capacity entitlement for the designated airlines of each side.

Korea - Two shipping companies are planning to sue 21 international cargo airlines for cartel activities.

Asia - Samsung Heavy Industries has signed contracts to build ten container vessels and nine oil tankers.

Singapore - Shipping firm Cosco's Dalian Shipyard and Guangdong Shipyard have signed 11 contracts and four letters of intent worth over US$440 million.

Global - Business professionals are concerned about the risk of procurement fraud occurring within their organisations, if a webcast by Deloitte is to be believed.

Korea - DHL has won a multi-billion won contract in Korea with Diageo to provide a full suite of integrated supply chain services such as warehousing and distribution for the drinks company.