Syscorp buys leading bulk cargo firm MTSB

TheStar Mon, Feb 15, 2021 09:10am - 3 years View Original


One of Shin Yang's container feeder vessel, at the Northport wharf. File pic.

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) is to acquire Melinau Transport Sdn Bhd (MTSB), a leading firm in bulk cargo transportation, to shore up its earnings.

MTSB is involved in road freight carriage primarily servicing all major ports in Sarawak southern, central and northern regions covering Kuching, Sibu, Bintulu and Miri.

The transport firm has expanded its physical asset base over the last 26 years and currently has a fleet of 282 prime movers, 566 trailers, 463 dump/cargo trucks, 51 forklifts and 11 cranes. Its serves some 150 active customers, according to Syscorp.

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