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.
“Our container line service in intra-Asia trade covers China, Japan, South Korea and Taiwan,” he tells StarBizWeek. The group has overseas operation offices in China, Hong Kong, South Korea, Singapore and Brunei.
...