Shin Yang’s shipbuilding business on the rise

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

KUCHING: Shin Yang Group Bhd (SYG) has secured 12 new shipbuilding and ship repair contracts in the 12 months to June 30, 2023 (FY23).

The five new shipbuilding contracts boosted the group’s shipbuilding division’s order book to RM175.7mil, while the seven ship repair contracts raised the ship repair division’s order book to RM89.3mil.