KUCHING: Shin Yang Shipping Corp Bhd
(Syscorp) is seeing better days ahead with anticipated further recovery in its shipping, shipbuilding and ship repair business.
Chairman Tan Sri Ling Chiong Ho said the recovery of the shipping sector has generated higher charter activities and driven up freight rates with an increase of 13.4% in the 12 months to June 30, 2021 (FY21), as compared to a year ago.
“Our container vessels has transported an increase of lifting capacity by 32% in twenty-foot equivalent units’ (TEUs) in FY21, as compared to 2020 from the 14 container vessels in our fleet. The shipping sector is expected to improve further in the second half of 2021,” he said.
...