Syscorp expects strong cargo volume to continue

Shin Yang's domestic container feeder vessel, MV Danum 112 at Northport wharf. - Filepic

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) expects strong cargo volume generated by its container shipping, which has given a major boost to its bottom line, to be sustained in the second half of 2023.

According to chief operating officer Richard Ling, Syscorp has maintained an utilisation rate of over 80% for its container shipping space as compared with between 50% and 60% in early 2022.