Shin Yang, which services mainly the Peninsular Malaysia-Sabah-Sarawak trade route, has already added the 913-teu MV Danum 159 to its fleet and plans to bring online the bigger Danum 160 in May.
Speaking at Danum 159's maiden call at Port Klang's Northport recently, group managing director Ling Chong Sing was quoted as saying that it was Shin Yang's 17th container vessel and the 18th would join the fleet soon.
Ceo Ting Hien Long was quoted as saying he was confident that the group would still be profitable although it was in the red for the first half of the year due to a net loss in the shipbuilding and ship repair segment and provision made for the abandoned MV Shinline 8.
Shin Yang had a net loss of MYR3.3m ($1.1m) in the first half ended 31 December 2012 compared with a net profit of MYR27.6m in the same period in 2011.
“We have the capacity to build more vessels when demand picks up. Right now, the container volume between Peninsular
Malaysia-Sabah-Sarawak services is quite consistent. We call at all the main ports in Peninsular Malaysia and are expanding our services to Bangkok and Brunei as well,” Ting said.
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