25.6 C
Kuala Lumpur
Thursday, May 2, 2024
HomeNewsBusinessShipping between China, Vietnam, and Malaysia begins

Shipping between China, Vietnam, and Malaysia begins

Date:

Related stories

Twin Star | Penang Property Talk

Twin Star Twin Star, an affordable housing development by Acara...

Iconic Worldwide keen to develop theme parks, resorts, townships

Soft launch of Iconic Harmony at Alma Iconic Worldwide Bhd...

Dua Tanjung | Penang Property Talk

Dua Tanjung Dua Tanjung, an upcoming condominium development by UDA Holdings...

Hartasuma, Doppelmayr ink Penang Hill cable car project deal

The Penang Hill cable car project is set to...

My Ideal Home Photo Contest Winners Exhibition opens at 1st Avenue Penang

Ideal Property Group is excited to unveil the My...

KOTA KINABALU: Sapangar Bay Container Port (SBCP) welcomed the “MV. HF Spirit” to commemorate the beginning of SITC’s new China-Vietnam-Malaysia (CVM) container shipping service.
Under the CVM route, SITC would offer weekly direct services calling Kota Kinabalu’s SBCP as well as Nansha, Shekou, Haiphong, Qinzhou, Ho Chi Minh City, Kuching, and Bintulu. Each of the four vessels, each of which has a carrying capacity of up to 1,032 TEUs, will be deployed in turn.

The additional capacity, faster transit times, and weekly connections between ports offered by the new service will boost trade growth between China, Vietnam, and East Malaysia.

Datuk Ng Kiat Min, the Managing Director of Sabah Ports Sdn Bhd, stated that as businesses gradually return to normalcy following the pandemic, Sabah Ports is prepared to accommodate the expected increase in container volume by collaborating with key industry players who offer a reliable network for the transportation of goods.

He expressed enthusiasm about establishing a strong partnership with SITC and their local agent, Dynamic Linkage Logistics Sdn Bhd. This collaboration not only demonstrates SITC’s confidence in SBCP’s capabilities but also strengthens SBCP’s position as a regional transshipment hub.

According to Alphaliner statistics, SITC International Holdings Co. Ltd., ranked 13th globally among container shipping companies as of December 31, 2022. Headquartered in Hong Kong, SITC operates a fleet of 108 vessels, including 84 self-owned vessels.

They provide services across 75 routes covering 17 countries and 76 major ports in various regions, including Mainland China, Japan, Korea, Taiwan, Hong Kong, Vietnam, Thailand, Philippines, Cambodia, Indonesia, Singapore, Brunei, Malaysia, Bengal, Myanmar, Russia, and India.

Read More! Similar News

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here