![]() ![]() In 2022, both Syscorp and Harbour-Link had benefited greatly from the upswing of the shipping industry, boosted by robust freight rates and higher utilisation of shipping spaces with increased cargo volume. Syscorp also leased two container ships to a Chinese company for cargo shipment between Hong Kong and mainland China. Last year, the group also converted three tugs-and-barges to transport containers for shorter routes to ensure there is no shortage of shipping spaces following the strong rebound of the shipping industry after the lifting of the movement control order to curb the spread of the Covid-19 pandemic. He said Syscorp had recently converted two vessels for container shipping, bringing the fleet to 16 container ships to ensure no disruption to services as one container vessel a month will be docked for maintenance.įourteen of the container vessels are deployed to service between ports in Peninsular Malaysia, Sarawak and Sabah while two others on the Sarawak-Singapore route on weekly service. “For domestic container shipping, the demand has been quite consistent,” Ling told StarBiz. Shipping agency business is active and consistent after the Covid-19 pandemic turned endemic,” added Harbour-Link as it released its October to December 2022 quarterly results recently. “Domestic trade is stable with lesser freight corrections. Harbour-Link’s Intra-Asia and East Malaysia container shipping trade had suffered low cargo volume and drastic drop of freight from the third week of December 2022 to mid-February because of the festive holidays. He said the overall cargo volume shipped by Syscorp had dropped in January and February because of the long festive season holidays.Īnother Sarawak-based shipping firm Harbour-Link Group Bhd said based on recent shipping space bookings by customers, it foresees an increase in lifting cargo volumes from now onwards. ![]() ![]() KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) expects cargo volume to be transported by its fleet of 16 container vessels to pick up going forward.Ĭhief operating officer Richard Ling said Syscorp anticipates cargo volume to increase due to higher demand for goods in view of the upcoming Hari Raya Adilfiri and Gawai Dayak festival celebrations in April and June respectively. ![]()
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