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CMA CGM looking to strengthen Malaysian presence

CMA CGM looking to strengthen Malaysian presence

Kuala Lumpur: CMA CGM president Jacques Saade has welcomed the decision the Malaysian Government to liberalise the transport sub-sector, including allowing foreign parties to own a 30% share in local companies. Speaking at the French container line's headquarters following a visit by Malaysian Transport Minister Datuk Seri Ong Tee Keat, Saade said "such liberalisation will change the strategy (CMA CGM) in Asia."

The container giant, which has recently supplemented its long standing presence at Port Klang with new services to the port of Tanjung Pelepas, also intend to take advantage of the gradual liberalisation of cabotage to the Malaysian ports of Sepangar, Kuching and Bintulu,

Saade is reported by the star online as saying that the company would seriously explore the opportunities available from such a move. He also said the company would expand its dry port bonded warehouses, which include the Port Klang Free Zone.  [22/06/09]