Author: kiasutrader  Publish date:  Thu, 22 Jul 2021, 10:15 AM
SYSCORP has strategically positioned itself as an integrated shipping and shipbuilding operator, which also includes ship repair and forwarding agencies as its core businesses.
• SYSCORP’s shipbuilding yards cover an area of approximately 280 acres with an annual capacity to construct 40 vessels. Its facilities enable the group to undertake modifications of vessels in a timely manner to meet industry requirements and trends, catering to a wide segment of customers.
• The group is expected to benefit from increased demand for shipping services in tandem with the resumption of global economic activities. In addition, industry reports have indicated that shipping freight rates – which are hovering at around USD6,000 per FEU so far in 2HCY21 (+300% YoY) – are expected to stay elevated, thus benefitting shipping players like SYSCORP.