MTT Shipping

MTT SHIPPING

2 | APAC Outlook issue 51

SUPPLY CHAIN

MOVING YOUR A BUSINESS FORWARD

sia is used to transformation.

In fact, the continent is the fastest growing region globally in this decade.

India is widely speculated to be the next emerging economy which is also actively trading with the Southeast Asian countries. According to a November 2019 report by the Ph.D. Chamber of Commerce and Industry, India’s merchandise exports to ASEAN increased from 2 $ 3 billion in 2010 to 3 $ 6 billion in 2018, while its merchandise imports from ASEAN increased from 3 $ 0 billion in 2010 to 5 $ 7 billion in 2018. The value of trade between India and the ASEAN region amounted to over 8 $ 6 billion in flscal Writer: Sean Galea-Pace | Project Manager: year 2020.

Eddie Clinton

Ooi Lean Hin, Managing Director at MTT Shipping, discusses hi company’s competitive advantage in the dynamic Asia market

APAC Outlook issue 51 | 3

MTT SHIPPING

Archipelago Group In Brunei Darussalam, Archipelago Group has had the privilege to be an agent for MTT Shipping for over 10 years since their days of incorporation. With our standing history of offering shipping services to the local market as an agent for MTT Shipping, together we have grown to become a recognized, reliable and consistent carrier which thrives in quality services.

APAC OUTLOOK: WHAT, FOR YOU, DIFFERENTIATES MTT SHIPPING FROM OTHER COMPANIES OPERATING WITHIN THE SAME INDUSTRIES AS YOURSELVES? Ooi Lean Hin, Managing Director: “I think what differentiates us from the competition is our ability to respond very quickly to the operating environment, which is very dynamic in respect of business volumes, operational challenges such as port congestions, demand and supply swings as well as trade imbalances.

“Our services and vessel deployment have been constantly reviewed and changed to adapt to the various challenges operating in East Malaysia. The company is also making a lot of effort to drive digitalisation into our work processes as well as interfaces to our customers.

We are consistently making our systems user friendly and in line with the expectations of a digitalised economy.”

4 | APAC Outlook issue 51

With a shared mission in going the extra mile to provide top services to our customers, it has resulted in tremendous development of MTT’s shipping services in our country.

The growth of MTT has allowed all our customers to enjoy further accessibility in our region with a strong consistent shipping line with timely schedules.

Ooi Lean Hin leads operations at MTT Shipping. His company operates with a deeply rooted experience in logistics and was originally established to own and manage a fleet of container vessels, which considerably adds to the provision of feeder services across Malaysia. Subsequently, MTT Shipping diversified into other container shipping-related business namely, ship management services, auto logistics and asset management. Through its reliable delivery system, the company ensures continuous improvement in inventory cycles and cost reductions for all parties throughout the supply chain.

Along with Archipelago Groups forwarding arm and close connections with each MTT Shipping agency around Asia, we are also able to provide the further step of offering door to door shipments for our customers. MTT Shipping having their own fleet of vessels circling Asia also allows us to have better customer service, giving our clients first-hand information on the status of each vessel and whereabouts of their cargo.

A BRIEF HISTORY OF MTT SHIPPING Having begun with just 10 chartered vessels in 2010, MTT Shipping has transformed into a sizable niche player owning 14 container vessels within a short timeframe. With an additional four vessels on its orderbook, MTT Shipping’s fleet will expand to 18 vessels by the first quarter of 2022.

www.archipelago.com.bn

Incorporated in Brunei Darussalam in Year 1982, Archipelago begins its logistics journey as a Shipping Agent and gradually expanded to include the provision of more comprehensive logistical services. With its motto of Total Logistics People, Archipelago’s team members are trained and experienced in the provision of below services: Acting as a Shipping and Husbanding Agent; Cargo Handling; Worldwide Freight Forwarding; Transportation; Courier Services; Warehousing and Distribution.

In line with the company’s continual improvement policy, the company has implemented and maintained since Year 1998 a Quality Management System and is currently certified with ISO 9001:2015. The Quality Management System is regularly updated and fervently maintained so as to ensure that Archipelago’s service quality and delivery is never compromised.

Phone: 673-2221383 Email: info@archipelago.com.bn www.archipelago.com.bn

MTT SHIPPING

Dedicated feeder tug and barge In 2011, the company decided to set up its own branch offices in Port Klang, Johor, Kuching, Bintulu, Sibu, Miri, Tawau, Sandakan and Kota Kinabalu in order to have direct control on its service delivery performance to its customers.

Domestic shipping service between Peninsular Malaysia and East Malaysia is MTT Shipping’s core trade but the company has also expanded regionally into Thailand, Singapore, Brunei, Indonesia, and the Indian Subcontinent. MTT Shipping has the most comprehensive coverage of ports in both Peninsular Malaysia and East Malaysia and is currently the market leader with an approximate 40 percent market share. With ongoing development and growing trade volumes between India and Southeast Asian countries, MTT Shipping is 6 | APAC Outlook issue 51

actively looking at expanding its service regionally across Southeast Asia and the Indian Subcontinent in the near future.

IMPORTANT PROJECTS For Lean Hin, he points to the company’s first newbuilding project as being particularly influential during his time with the organisation.

“We had two sister vessels with an optimised shallow draft design with outstanding cargo intake of 935 TEUs at homogenous 14 tonnes at 7.8 metre draft with hybrid scrubber fitted and very economical fuel consumption,” he explains. “The closest competition is the Orskov design which has an intake of 710 TEUs (Twenty-Foot Equivalent Units) but with a higher consumption. We ended up owning four sisters of a total six vessels built.”

“THERE IS GROWING ACCEPTANCE TO THIS ALTERNATIVE METHOD OF SHIPPING VEHICLES IN CONTAINERS...

WHICH INCLUDES IMPROVED LEAD TIMES, HIGHER FREQUENCY OF SAILINGS, COMPREHENSIVE PORT COVERAGE AND A SIGNIFICANT REDUCTION IN OPERATIONAL COSTS” - OOI LEAN HIN, MANAGING DIRECTOR, MTT SHIPPING

Tel: +603-74918138 Blackhem (M) Sdn Bhd (BMSB), a wholly owned company of Blackhem Holdings Sdn Bhd (BHSB) incorporated in 2001, established company principally involved in Bitumen, Very Low Sulphur Fuel Oil (VLSFO) bunker delivery services and production of Polymer Modified Bitumen at Port Klang, Malaysia.

Under the umbrella of BHSB are companies established to supply and trade FUEL AND SPECIALTY products at ASEAN region, bunker marine fuel, terminal operation, shipping and logistics which enables the group of companies to participate and control key parts of downstream supply chain.

BMSB vision and aspiration is to be the trusted and reliable supplier of bunker marine fuels, bitumen and enhance bitumen formulation to support road and airport runway pavement, known for exceptional execution and distinguished credibility.

Combining our regional market knowledge with industry experience, we provide an integrated services in all land and sea logistics including exceptional ship management services. We are capable of offering full-scale land logistics that dedicated convoy of 50 trucks with approximately 50,000 cubic meters of storage tank capacity. Our integrated sea logistics encompasses of nine (9) dedicated vessels, i.e., five Bitumen tankers and four VLSFO bunker barges with total combine tonnage capacity of 26,000 DWT. Our team is highly skilled with a broad depth of experience, our expertise and integrated approach gives Blackhem the competitive edge and we will attend to your needs in the shortest time possible!

As all these are our philosophy: Management Excellence, Competitive Edge and Speed!

Head Quarters

Port Klang

Tanjung Manis, Sarawak

Unit 809, Block C, Kelana Square, No. 11, Jalan SS7/26, Kelana Jaya, 47301 Petaling Jaya, Selangor, Malaysia.

Lot 9, Jalan Singgah Pelabuhan Selatan, 42000 Pelabuhan Klang, Selangor, Malaysia.

Lot 124 (Plot1), Block 12, Buan Land District, Jalan Barong,Tanjung Manis, 96150 Belawai, Sarawak, Malaysia

MTT SHIPPING

Malaysia Trade and Transport Malaysia Trade and Transport Co Sdn. Bhd., the parent company of the MTT Group of Companies (MTT Group) was established in 1963 as one of the local pioneers in barging, stevedoring and shipping. Over the years, MTT Group has enjoyed rapid growth and continued to diversify.

Priority Group (established in 1988) offers total logistics solutions to its customers and also operates one of the largest bonded warehouses on Penang Island.

MTT Group has also ventured into property development under MTT Properties and Development Sdn. Bhd. with the acquisition and development of Botanica.CT, a 300 acre township in Balik Pulau, Penang.

Botanica.CT is the largest sustainable township in Balik Pulau, featuring a mixture of residential and commercial properties in a serene and tranquil environment. This will also eventually include a retirement resort and medical centre.

MTT Shipping’s first new-build, the MTT Saisunee

In 2011, MTT Group expanded into education with the establishment of the Prince of Wales Island International School (POWIIS) in Balik Pulau, Penang. The campus includes onsite boarding facilities and offers a broad and holistic secondary education based on the English National Curriculum to students aged 11-18.

The MTT Pulau Pinang

“OUR FOCUS IS TO CONSISTENTLY IMPROVE OPERATIONAL EFFICIENCY AND OUR CUSTOMER EXPERIENCE” - OOI LEAN HIN, MANAGING DIRECTOR, MTT SHIPPING Indeed, MTT Shipping were the first shipping line in Malaysia to introduce vehicle shipping in containers with a special racking system which may load up to four vehicles in one unit of 40’ container, depending on the size of the vehicle.

“This is an alternative to the automobile industry in respect of shipping their automobiles in containers in replace of roll-on-rolloff (RO-RO) car carriers,” adds Lean 8 | APAC Outlook issue 51

Hin. “There is growing acceptance to this alternative method of shipping vehicles in containers as customers experience the benefits of containerisation which includes improved lead times, higher frequency of sailings, comprehensive port coverage and a significant reduction in operational costs.”

Aside from the domestic market, MTT Shipping is also providing shipping services to neighbouring

In September 2019, the Prince of Wales Island International School (POWIIS Primary) was established.

POWIIS Primary is a purpose built primary school campus catered to children aged 3 – 11.

POWIIS is the only international school on Penang island with two bespoke campuses, continuing the commitment to providing quality education for children in Penang and beyond.

MTT Group’s businesses inventorise a suite of diverse competencies, when synergised, can collaboratively offer integrated and dynamic solutions to support the needs of our clients, with the ultimate aim of creating a better quality of life for all.

www.mttgroup.com.my

OUR BUILDING BLOCKS FOR YOUR FUTURE A Pioneer in Total Logistics A Visionary in Township Development An Expert in Education

Malaysia Trade & Transport Co Sdn. Bhd. 196301000364 (5225-V)

Suite 6A & 6B, 6th Floor, Wisma MTT, 26, Pengkalan Weld, 10300 Penang, Malaysia

mttgroup.com.my

+604 - 632 0399 www.mttgroup.com.my

+604 - 866 2399 www.botanica-ct.com.my

+604 - 868 9999 www.powiis.edu.my

+604 - 893 9999 www.powiis.edu.my

MTT SHIPPING

State Insurance Brokers State Insurance Brokers is a key, strategic partner to MTT Shipping for its insurance services and solutions.

The company is privileged to be MTT’s appointed independent insurance broker and State has worked closely alongside MTT from the company’s very first vessel in 2012 until the 14 carriers it has today.

State would like to extend its congratulations to MTT on becoming one of the leading carriers in Malaysia and looks forward to continuing its mutually beneficial collaboration while supporting MTT in its expansion plan in the years ahead.

“WE ARE ALSO DEVELOPING AN INTEGRATED FREIGHT FACILITY IN KOTA KINABALU AND PULAU INDAH WITH CLOSE PROXIMITY TO WESTPORTS, HOUSING CONTAINER DEPOT AND AUTO LOGISTICS CAR PARK WHICH WE WILL OPERATE OURSELVES” - OOI LEAN HIN, MANAGING DIRECTOR, MTT SHIPPING regions including Thailand, Indonesia, Brunei, Singapore and India. The company intends to further expand the regional services to Southeast Asia and India Subcontinent. This trade belt is set to grow with the Regional Comprehensive Economic Partnership (RCEP) agreement, as well as the rapid development that Asian countries like India are going through. MTT Shipping expects the contribution from regional trade to equal their domestic trade within a period of five years.

Undeniably, MTT Shipping has undergone a busy period. The company acquired a 71 percent share of ICS Depot, an empty depot operator with three facilities within 10 | APAC Outlook issue 51

Port Klang, Penang and Pasir Gudang, Johor. The company is also operating an on-dock depot (ODD5) located within Westports and we have plans to expand the depot operations to Kota Kinabalu, Kuching and Bintulu.

With this expansion, MTT Shipping will emerge as the largest independent depot operator in Malaysia in respect of service network location.

“We are also developing an integrated freight facility in Kota Kinabalu and Pulau Indah with close proximity to Westports, housing container depot and auto logistics car park which we will operate ourselves, as well as a warehouse which will be leased to a third-party operator,” discusses Lean Hin.

With the future in mind, State will continue to support MTT in the insurance advisory and consulting, contract review, claims support and management, among other things.

Through State’s support, MTT can thrive and put its time and effort into developing its business further and achieving sustained success moving forward.

State Insurance Brokers is one of the leading and established independent insurance brokers and consultants in Malaysia. State is one of the first local insurance broking companies in Malaysia to setup a marine insurance division.

The company is an independent and established insurance broker with specialist marine insurance knowledge for more than 25 years and is today recognisable and accepted by shipping companies, insurance companies and reinsurers.

www.state.com.my

Your Preferred Partner in Insurance Services and Solutions Since its incorporation in 1973, locally Malaysian-owned State Insurance Brokers has transformed from a small functional broking outfit to an established company with five offices across Malaysia in Kuala Lumpur, Penang, Miri, Seremban and Klang.

State today, is one of the leading independent insurance brokers and consultants in Malaysia.

While State has grown to accommodate the needs of its expanding business portfolio, the company continues to maintain its fundamental values; providing expertise advice and personal and attentive services to enterprises and specialised industries.

Led by Managing Director, Mr Ong Jin Teck, State has a wealth of experience and knowledge in the insurance industry. With over 40 years of experience, State is today a reliable and recognisable name in Malaysia for offering professional insurance broking services and trusted advice to enterprise clients and private individual clients.

Being an exclusive partner in Malaysia for three major International Networks namely Assurex Global, Brokerslink and IBN, State is capable of supporting its clients in international business expansion and servicing international clients in local market.

With many companies embracing digitalisation in a bid to become more efficient, leveraging new technology into operations and increasing digital capabilities has become something that can’t be done without. With this in mind, State has embarked on its digital transformation by investing and leveraging digital tools and practices which makes conducting business easier across the board.

In today’s market, being agile and lean to the customer’s requirements is a key to success. State recognises the value in operating with a customercentric mentality and strives to meet customer expectations no matter how sophisticated or complex. At State, the company represents its clients’ interests to ensure its clients have the right policy and the right coverage.

The company also recognises the importance of developing key, strategic relationships with its clients.

And over the years, State has grown in tandem with many of its clients from small beginnings and formed long term relationships.

State Insurance Brokers has the expertise to arrange a wide range of insurance solutions in marine insurance, protection and indemnity, property and casualty, employee benefits, engineering risks, trade credits, financial lines and life insurance. Equipped with extensive market knowledge, experience and expertise, State provides strategic advice and recommend the most effective solutions to our clients. State also offers its clients professional claims services and guidance from notification until settlement regardless of the complexity of the claim.

Are you considering reviewing your insurance solutions?

For expertise advice, write to us at statekl@state.com.my or visit us at www.state.com.my for more information.

STATE INSURANCE BROKERS SDN BHD (Co. No: 197301003051) 10, Jalan Manau, Off Jalan Kampung Attap, 50460 Kuala Lumpur, Malaysia.

Tel: +603 2272 3855 Fax: +603 2272 3857

MTT SHIPPING “We are also planning to acquire suitable land parcels at Kuching and Bintulu to develop similar freight facilities. Currently, there is a gap in logistic infrastructure such as good warehouses in East Malaysia. Thus, the company aims to fill the gap by investing in integrated freight facilities as we hope to transform the logistics infrastructure in East Malaysia by providing improved infrastructure in respect of empty depots and warehouses. We’re also looking into bringing digitalisation to these markets such as enhancement on distribution logistics software which will benefit every stakeholder in the supply chain.”

With technology beginning to play an influential role in supply chain, Lean Hin acknowledges the importance of embracing the latest systems and processes. “We’ve constantly invested from the beginning,” he explains.

“Our focus is to consistently improve operational efficiency and our

12 | APAC Outlook issue 51

customer experience.

“We have an in-house shipping system and basic e-commerce functions, but we are investing in the upgrade of our e-commerce platform to provide customers with a seamless online booking experience which will include features such as container tracking, vessel schedules, e-booking, e-shipping instructions and VGM submission. At the same time, we are constantly engaging with relevant stakeholders such as port terminals to further develop and enhance their systems to support further digitalisation.”

The company’s empty container depots are also equipped with a depot system which was developed by its appointed system developer based on the requirements and input from the team.

“The functions include container inventory monitoring, equipment handling and online booking for hauliers,” says Lean Hin.

Nada Ehsan Sdn Bhd Nada Ehsan Sdn Bhd is a full services provider in inbound and outbound CBU Logistics and fully accredited with ISO and OSHA Certification.

MTT Shipping automotive activities blend and knit perfectly with our vast experienced in the automotive logistics.

We render our car carrier’s and custom brokerage’s expertise to facilitate their automotive shipments.

Up to date we have delivered and do custom export clearance close to 50,000 units of their clients’ vehicles.

As per our motto, ‘IF OUR CLIENTS LOOK GOOD, WE TOO LOOK GOOD. For inquiries, please contact: E jsgill.wls@gmail.com E harry.glsb@yahoo.com E mahmud@nadaehsan.com T +6019-3314380 T+6019-6216211 T +6019-3898985

SUPPLY CHAIN

ISO 9001: 2015 Quality Management System OSHAS 45001: 2018 Occupational Health & Safety Management System.

NADA EHSAN SENDIRIAN BERHAD, is a convenient one-stop logistics center, rendering various scope of logistics services. Our 64 fleets of Car Carriers (39 Long Carriers, 18 Rigid Carriers and Seven Single Carriers) traverse the whole of Peninsular Malaysia and Singapore.

Long Carrier

Rigid Carrier

Our experience and expertise consistently allow us to pack four cars into the same space. We are one of the leading car packers in Malaysia with worthy services.

Single Carrier

We are also an authorized and licensed Custom Brokerage for Exportation and Importation of cargoes via Port Klang ports.

We are continuously challenging ourselves to be the benchmark in our industry. As a result, we embarked ourselves with ISO Certifications to measures our performances and ensuring that we are always fulfill our customers’ needs and wants.

For inquiry, please contact: jsgill.wls@gmail.com | harry.glsb@yahoo.com | mahmud@nadaehsan.com Contact numbers: +6019-3314380 | +6019-6216211 | +6019-3898985

Shipping Logistics Financial

Your One Stop shipping and logistics solutions Unit A-G-11, CoPlace 1, 2270, Jalan Usahawan 2, 63000 Cyberjaya, Selangor +603-8322 7607 www.sovy.com.my

APAC Outlook issue 51 | 13

MTT SHIPPING

“PEOPLE ARE YOUR GREATEST ASSETS ... IT IS IMPORTANT THAT MTT SHIPPING CONTINUES TO GROW IN ORDER TO BE ABLE TO RETAIN TALENT” - OOI LEAN HIN, MANAGING DIRECTOR, MTT SHIPPING “These features are aimed to improve the delivery and transparency of the whole process for our customers, especially the hauliers.

This will help the hauliers to have better visibility on the availability of empty container for pick up and live traffic situation in the depot, which leads to faster truck turnaround.”

STAFF AT THE HEART As far as Lean Hin is concerned, staff are central to success. He believes that for employees to thrive, they need to see a future or will look elsewhere for career advancement.

“People are your greatest assets,” he affirms. “An organisation can only provide career advancement if it is constantly growing its business, 14 | APAC Outlook issue 51

therefore it is important that MTT Shipping continues to grow in order to be able to retain talent.

“Once you have achieved a certain market recognition of an organisation that is growing continuously, then it gets easier to attract talent to join the company. We are also engaged in talent development through our Talent Development Programme which can also be applied by our existing employees with working experience of less than two years.

The programme is tailored to experiential learning with extensive knowledge of the shipping and logistics industry while providing the management trainees with great opportunities on further career advancement.”

SABAH PORTS Managing 8 ports in Sabah, Malaysia, Sabah Ports Sdn. Bhd. (SPSB) has consistently served the shipping industry 24 hours a day 365 days a week.

SPSB has intensified its technological upgrades and improvements to the port structure as well as its overall operational delivery to boost capacity and facilitate faster movement of goods.

SPSB is proud to work alongside MTT Shipping and be part of its journey as an established carrier in Malaysia. Through a shared sense of delivering service excellence to the industry, SPSB and MTT continue to work closely together to facilitate a dependable and sustainable eco system for the supply chain.

www.spsb.com.my

SUPPLY CHAIN

RAJANG PORT AUTHORITY The Preferred Port

Today Everyday and

Rajang Port Authority Jalan Pulau 96000 Sibu Sarawak +6084319009 (hunting line)

Rajang Port Authority (RPA) in Sibu, Sarawak is situated along the lower reaches of the Rajang River (or Batang Rajang), the longest river and the longest navigable waterway in Malaysia. Its natural strategic location in central Sarawak makes it a vital port and distribution centre for, providing vital links to major national and regional ports. Situated 113km from the sea, its 448-metre wharf planned for an additional 100 metre extension has a depth alongside of 8.5 metres which provides four multipurpose berths.

RPA is equipped with a world class standard of infrastructure which includes internationally accredited level of wharf integrity, a complete fleet of the latest technological machinery and equipment and a comprehensive and up to date, customised Information Technology (IT) system. Our Management comprises experienced professionals in different fields and supported by

an equally skilled and highly trained workforce; with a culture rich in corporate values and guided by a well-established set of systems and processes.

RPA had been accredited with many regional and international acclaimed awards including the The Platinum Technology Award for Quality and Excellence and The Total Quality Management Aptitude Seal for High Quality Performance from France, The 15th Asia Pacific International Honesty Enterprise – Keris Award in the category of Honesty Enterprise and the Lang International Corporate Titan Awards for The Best Managed Riverine Port, to name a few.

As Sarawak’s rural infrastructure development continues apace with the Sarawak Economic Development, Rajang Port is poised to be an even more vital link into the vast hinterland of Sarawak to serve both domestic and international trade.

www.rajangport.gov.my

APAC Outlook issue 51 | 15

MTT SHIPPING

SUSTAINABILITY DRIVE Ooi Lean Hin, Managing Director: “In line with our company’s missions, we believe it is our responsibility to operate ethically and contribute positively to society and the environment, promoting community well-being. Thus, we aim to conduct our business activities with a balanced focus on three important factors: environmental, social and governance. We are constantly enhancing our corporate governance to ensure compliance with the organisation’s best practices and transparent decision-making processes, while protecting the interests of all stakeholders.

“Our company policies are designed based on local and relevant international legislations to uphold the highest standards of integrity and ethics, which includes AntiBribery and Corruption Policy, Whistleblowing Policy, and Equality & Diversity Policy. Contributing positively and giving back to the society has also been an important focus of our business. One of the most recent projects was the collaboration with The National Autism Society of Malaysia (NASOM) to produce our corporate calendars with the aim of increasing awareness about Autism. Donations were made to NASOM in order to support them financially as it has been challenging for them to operate their centres nationwide. At the end of 2021, we will launch our Mental Health Campaign, an issue that is very close to our hearts as no company or individual has been unaffected by the current global pandemic” Other CSR activities that MTT Shipping has conducted in the past are as below.

Sponsorship to Kinabalu Pink Ribbon (KPR): The company has donated to KPR which consists of breast cancer survivors, to complete their mission of conquering Mount Kinabalu in Sabah as an effort to create awareness about breast cancer.

16 | APAC Outlook issue 51

Donation to Hospitals: MTT Shipping has donated four units of oxygen concentrator machines to Sungai Buloh Hospital, two units of oxygen concentrator machines to Labuan Hospital and 1,500 pieces of coverall and surgical gowns to the Sabah state hospitals as the world continues to fight against the COVID-19 battle.

Visit to the orphanage home: Provided them with the essentials and spent a wonderful time with the children in the orphanage.

SUPPLY CHAIN

Indeed, MTT Shipping prioritises delivering internal promotions.

According to Lean Hin, this is primarily because the company is well aware of the individuals’ strengths and weaknesses.

“We give priority to internal promotions, but we are not restricted by this policy to hire from external sources,” he explains. “The key benefit of promoting internally is that you already know the strength, weakness and character of the individual as opposed to someone new. It also promotes staff retention as employees have a career path to look forward to.”

Looking ahead, Lean Hin is optimistic about the future for not just his company but the industry generally.

“2021 will be a very exciting year for us as the group will solidify its income

stream for the asset play division and the new projects we are embarking on. From the current five vessels being chartered out, this will grow to seven vessels as we take delivery of another two new buildings by the end of 2021 and two of the vessels from our current fleet are also chartered out since mid-July under a short-term charter arrangement.

Tel: +(60) 3-5568 3000 communications@mttshipping.com.my www.mttshipping.com.my

APAC Outlook issue 51 | 17

MTT SHIPPING ​ OA Business Park, U Tower 8, Level 13A, Suite 13A, 1, Jalan Pengaturcara U1/51A, Seksyen U1,, 40150 Shah Alam, Selangor, Malaysia Tel: +(60) 3-5568 3000 communications@mttshipping.com.my www.mttshipping.com.my

PRODUCED BY APAC OUTLOOK MAGAZINE