What New Century Logistics does

New Century Logistics is a Hong Kong-based international freight forwarding service provider operating across four integrated service lines: air freight import/export (the dominant segment), ocean freight import/export (as an Ocean Transportation Intermediary), warehousing and distribution, and project cargo for oversize and heavy items. The company purchases cargo space from airlines under direct booking, block-space, and aircraft charter arrangements, and from ocean carriers under contract/rate agreements, then resells that capacity to customers alongside ancillary services including X-ray screening for RACSF compliance, palletization, gate handling, customs clearance, and documentation preparation. It claims routes to over 140 countries and a customer base exceeding 5,000, including unnamed blue-chip Chinese corporates with whom it has maintained relationships for nine or more years. The technology stack is operational rather than AI-native: real-time shipment tracking, X-ray cargo screening, and door-to-door service execution supported by expert staff, with no disclosed proprietary AI, ML, or data-asset capabilities.

The company was founded in Hong Kong circa 2002, with the listed holding entity (New Century Logistics (BVI) Limited) incorporated in the British Virgin Islands in 2019 and listed on Nasdaq Capital Market under ticker NCEW in 2023 via an underwritten IPO led by Craft Capital Management. In June 2025 the company acquired Asiatic Logistics, and in late 2025 it executed a 1-for-8 reverse stock split to regain Nasdaq minimum-bid-price compliance after a 2025 deficiency. The senior management team averages approximately 18 years of company tenure and over 20 years of PRC freight forwarding experience. The business model is transaction-fee driven: margin is generated on the spread between carrier-acquired capacity costs and resale prices, plus ancillary service fees. Go-to-market is direct enterprise sales into Chinese corporates. Recent regulatory headwinds include a securities class action investigation announced by Rosen Law Firm, alongside continued board turnover.

Name

New Century Logistics

Legal name

New Century Logistics Company Limited

Website

https://nclogistics.com.hk

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

New Century Logistics is a Hong Kong-based freight forwarder offering air, ocean, warehousing, and project cargo services to over 5,000 enterprise customers across 140+ countries, listed on Nasdaq as NCEW since 2023.

Ownership category

akta.pro rank

Product category

Freight Forwarding & Logistics Services

NAICS

Freight Transportation Arrangement (488510), Deep Sea Freight Transportation (483111), Couriers and Express Delivery Services (49211)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Air Courier Services (4513), Water Transportation (4400), Public Warehousing & Storage (4220)

akta.pro primary industry

High-Value & Secure Air Cargo (Valuables, Security Screening, Escort) (TLACAAAH)

akta.pro secondary industries

Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF), Ocean Import Forwarding (Destination Handling/DO/ISF) (TLACABAE), Project Cargo Logistics & Transport Management (TLADAGAB)

Keywords

• Air freight forwarding
• Ocean freight forwarding
• Warehousing distribution services
• Project cargo transport
• International logistics services

Headquarters

HQ city

Kwun Tong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Air Freight Forwarding: The company's dominant business segment. Purchases cargo space from airlines on a volume basis and resells that space to its customers at lower prices. Also earns fees for related services including international, domestic, deferred, express, and charter services.
2. Ocean Freight Forwarding: Operates as an ocean transportation intermediary (OTI) providing space acquisition on carrier services for committed delivery during high demand periods and provides lower price options in weak demand seasons.
3. Warehousing and Distribution: Provides comprehensive and efficient solutions for the storage and distribution of goods, including X-ray screening, gate charge, palletization, and standalone air cargo security screening services.
4. Project Cargo: Specialist transportation of oversize and heavy items requiring individual transport planning from origin to destination.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

New Century Logistics is a Hong Kong-based freight forwarding service provider offering four integrated service lines: Air Freight Import & Export (the dominant segment), Ocean Freight Import & Export, Warehousing & Distribution, and Project Cargo. The company purchases cargo space from airlines and ocean carriers on a volume basis and resells to enterprise customers at lower prices, providing door-to-door logistics including cargo pickup, security screening (X-ray), documentation preparation, customs clearance, and port cargo handling across more than 140 countries.

Product overview

New Century Logistics is a freight forwarding service provider founded and based in Hong Kong, offering a unified logistics platform with four integrated service modules. The core offering consists of Air Freight Import & Export (the dominant business segment), Ocean Freight Import & Export (operating as an Ocean Transportation Intermediary), Warehousing & Distribution, and Project Cargo. These services work together to provide comprehensive door-to-door freight solutions, from cargo space procurement and pickup to security screening, documentation, customs clearance, and port handling, serving routes to over 140 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Freight Import & Export The company's dominant business segment providing time savings and cost-effective air freight options. Purchases cargo space from airlines on a volume basis and resells to customers at lower prices through direct booking, block space arrangement, and aircraft charter arrangements. Offers real-time tracking visibility for order status. Designed for enterprise customers and shippers requiring international air cargo services.
• Ocean Freight Import & Export Operates as an Ocean Transportation Intermediary (OTI) providing ocean freight forwarding services including optimal ocean carrier selection, contract/rate agreements with clients, shipment consolidation, pick-up and delivery arrangement, documentation preparation, and regulatory compliance communication. Provides space acquisition on carrier services for committed delivery during high demand periods and lower price options in weak demand seasons.
• Warehousing & Distribution Comprehensive solution for storage and distribution of goods. Includes X-ray screening services for RACSF (Regulated Air Cargo Screening Facilities) compliance, gate charge and palletization services, and standalone air cargo security screening services. Designed for customers needing integrated storage and distribution support alongside freight forwarding.
• Project Cargo Specialist transportation service for oversize and heavy items requiring individual transport planning from origin to destination. Provides customized solutions tailored to client-specific needs including transportation routing. Designed for clients with non-standard, large-scale, or heavy cargo requiring bespoke logistics planning.

Quantifiable outcome

• Over 5000 satisfied customers with exceptional service
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Worldwide Airlines NetworkcoreStrategic or Co-development PartnerThe company contracts with a worldwide network of airlines and other service providers to provide the best airfreight service to customers. This network enables the company to offer routes to over 140 countries.
• Ocean CarrierscoreStrategic or Co-development PartnerOperates as an ocean transportation intermediary (OTI) selecting optimal ocean carriers and entering into contract/rate agreements. Provides space acquisition on carrier services for committed delivery during high demand periods.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Regional players

• Sinotrans Limited: China's largest state-owned freight forwarder with dominant domestic Chinese logistics share and growing international forwarding business. Competes with NCEW for the same China-rooted enterprise customers.

Direct peers

• Expeditors International: US-listed global freight forwarder with air and ocean forwarding as core services and asset-light operating model, directly comparable in business model and customer base to NCEW.
• Kerry Logistics Network: Hong Kong-headquartered freight forwarding and logistics company with very similar geographic base, multi-modal offering (air, ocean, warehousing), and exposure to China-Asia trade flows, making it the closest direct peer to NCEW.
• Yusen Logistics: Japanese-headquartered global logistics provider with strong Asia-Pacific air and ocean forwarding presence, comparable to NCEW in serving enterprise cross-border trade from an Asian base.

Emerging players

• Flexport: Tech-enabled digital freight forwarder offering air and ocean forwarding with strong visibility and software tooling. Competes with NCEW for digitally-minded shippers and represents the technology-led disruption vector to traditional forwarders.

Broad incumbents

• C.H. Robinson Worldwide: Large asset-light freight forwarder and broker with global air, ocean, and road services. Comparable business model (arranging transportation rather than owning capacity) and enterprise customer focus.
• CEVA Logistics: Global third-party logistics provider offering freight forwarding, contract logistics, and supply chain solutions including air, ocean, and project cargo — overlapping significantly with NCEW's service lines at greater scale.
• DHL Global Forwarding: Deutsche Post DHL's air and ocean freight forwarding unit with global scale and similar multi-modal capabilities (air, ocean, warehousing, project logistics). A direct overlap competitor for enterprise forwarding contracts.
• DSV A/S: Global transport and logistics company with significant air and ocean forwarding operations and an active M&A roll-up strategy, directly comparable to NCEW's freight forwarding model but at much larger scale.
• Kuehne + Nagel: One of the world's largest freight forwarders offering air, ocean, road, and contract logistics globally. Operates broadly across the same product categories as NCEW but at vastly greater scale, serving as the benchmark global incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Century Logistics