Harbour-Link bullish on containerised shipping operations


Group managing director Datuk Yong Piaw Soon (pic) says ocean freight rates for intra-Asia trade had doubled in the past 12 months and the space utilisation of Harbour-Link’s 12 container vessels had surged to the current 90%, which is higher than 70% to 75% recorded in pre-Covid-19 period.

Harbour-Link Group Bhd is bullish about its containerised shipping business, which has been boosted by strong demand in cargo transportation and rising ocean freight rates in the region.

Group managing director Datuk Yong Piaw Soon (pic) says ocean freight rates for intra-Asia trade had doubled in the past 12 months and the space utilisation of Harbour-Link’s 12 container vessels had surged to the current 90%, which is higher than 70% to 75% recorded in pre-Covid-19 period.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Harbour Link , Yong Piaw Soon , container , shipping , China , Japan ,

   

Next In Business News

Malaysia's inflation comes in at 1.9% in Oct
Globetronics shares rally in early trade after Taiwan deal
Nissan to cut or transfer about 1,000 jobs in Thailand, sources say
Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded
Ringgit extends uptrend against greenback in early trade
FBM KLCI rebounds as Wall Street returns to a rally
Trading ideas: PetDag, Atlan, Thong Guan, Maxim, Globetronics, 7-Eleven, Petron, DRB-Hicom, Dayang, MSM, Aeon, SunCon, UEM Sunrise
Oil rises 2% as Russia-Ukraine war escalates
Wall St ends higher as Dow, S&P hit one-week tops
7-Eleven’s quarterly revenue climbs

Others Also Read