NCB to handle more vehicles with sea logistics expansion

  • Business
  • Thursday, 04 Jun 2015

PORT KLANG: NCB Holdings Bhd is set to see an increase of vehicle handling volume at its terminal with the expansion of Konsortium Logistik Bhd (KLB) into sea logistics.

KLB, under the DRB-Hicom Group, is linked to NCB’s newest substantial shareholder MMC Corp Bhd with a 15.74% stake from MISC Bhd last November.

MMC has begun to inject value into its RM222mil investment in NCB.

Yesterday, KLB launched its first vessel specialising in vehicle transportation at NCB flagship terminal, Northport Malaysia Bhd.

According to KLB chief executive officer Datuk Mohd Shukrie Mohd Salleh, the vessel will initially focus on the Port Klang to Kota Kinabalu and Kuching routes.

The vessel, named as MV Zarah Sofia has the capacity to transport about 2,500 cars at any time and plans to sail 28 times a year.

Besides transporting its sister company, Proton Holdings Bhd’s cars, KLB is also attracting other external automobile players to use its services.

“Ultimately, we are looking to increase the fleet to cover regional Asean ports as the outlook for the automobile industry remains steady,” said Shukrie at a press conference yesterday.

DRB-Hicom chairman Datuk Syed Mohamad Syed Murtaza said this was the biggest investment of the group year to date.

“The expansion of KLB into sea automobile transport is part of the group’s bigger plan to provide inter-modal logistics solutions and integrated supply chain,” he said.

NCB that sacrificed its profit growth due to its bleeding logsistics is still in the process of turning around Kontena Nasional Bhd, albiet at the tailend.

Kontena Nasional registered a pre-tax loss of RM9.3mil for the first quarter, an improvement of 3.1% compared with a pre-tax loss of RM9.6mil previously.

This has helped NCB to record growth alongside cost-cutting measures in the first quarter of this year.

NCB, controlled by Perbadanan Nasional Bhd, saw its net profit for the first quarter jumped 146.8% to RM11.6mil from RM4.8mil a year ago on lower revenue of RM198mil.

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