2019 | Quarter 4

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Northport Inks Strategic Collaboration Agreement with POIC Sabah Sdn Bhd

Northport (Malaysia) Bhd (Northport), a member of MMC Group and POIC Sabah Sdn Bhd (POIC) signed a Strategic Collaboration Agreement (SCA) for the establishment of a sister port relationship. The SCA was inked with the aim to boost trade links and increase the cargo flow through both ports.

The agreement was signed by Dato’ Azman Shah Mohd Yusof, Chief Executive Officer of Northport and Datuk Dr. Pang Teck Wai, Chief Executive Officer of POIC at the Royal Selangor Yacht Club, Port Klang. The signing ceremony was witnessed by YB Datuk Seri Panglima Wilfred Madius Tangau, Deputy Chief Minister of Sabah cum Minister of Trade and Industry of Sabah and V. Vijayaindiara, Assistant General Manager Corporate and Development of Port Klang Authority. Also present during the signing ceremony were members of The East Malaysia Network (TEAM Network) which consist of Shin Yang Shipping and Harbour-Link as well as their respective shipping agents, Hock Leong Shipping and AML Shipping.

Under the agreement, both ports are expected to share their respective range of experience, capabilities, resources, knowledge and know-how in the fields of port management, container handling, conventional cargo services, marine services, on-dock logistics, the Halal trade, liquid bulk, dry bulk and distribution parks.

In September 2017, Northport signed an MoU with East Malaysia based shipping lines, Shin Yang Shipping Sdn Bhd and Harbour-Link Group Berhad to form TEAM Network aimed at achieving economies of scale through sharing of resources such as vessels, terminal arrangements and networks.