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MCC's Northport joins Sarawak short-sea carriers in mini alliance

AN alliance among three companies has formed the East Malaysia Network or TEAM Network with the signing of a memorandum of understanding (MoU).

The MoU unites Northport, Shin Yang Shipping and Harbour-Link Group to achieve economies of scale through sharing vessels, terminals and networks.

The deal was signed by Northport CEO Azman Shah Mohd Yusof, Shin Yang CEO Ting Hien Liong and Harbour-Link managing director Francis Yong Piaw-Soon.

It was witnessed by MMC Corporation CEO Sri Che Khalib Mohammad Noh, and MMC Port Holdings CEO Ian James.

The arrangement is expected to increase shipping service frequency through schedule re-alignments between Shin Yang and Harbour-Link, with a corresponding consolidation of capacity.

The pact is expected to create economies of scale with the optimised deployment of vessels and a wider port coverage, resulting in a reduction of operating costs and cost savings for all.

Under the agreement, Northport is expected to provide an efficient and effective port services as well as high terminal productivity.

Northport is a subsidiary of MMC Ports which is involved in managing, developing and operating container ports and terminals in Malaysia.

MMC Ports also has an associate stake in Red Sea Gateway Terminal Company Limited, a container terminal within the Jeddah Islamic Port.

Shin Yang Shipping is part of Shin Yang Group, based in Miri, Sarawak from where it offers domestic and international shipping, ship building, timber, property development, port to door logistics, haulage, warehouse, container depot, hotel, marine engineering, civil engineering and plantation.

Harbour-Link Group is a Bintulu, Sarawak based company involved in integrated logistics, shipping and marine, engineering and construction, heavy lifting and haulage and property development.