Malaysia invites China's Cosco to set up transshipment hub


Anthony Loke. -filepic

PETALING JAYA: Transport Minister Anthony Loke will pay a courtesy call to Cosco Shipping Line in China next month, in a bid to invite the shipping line to make Malaysia its transshipment hub in South-East Asia.

"In maritime industry, it is not just about port cooperation. What we need is a strong shipping network. Therefore, I would like to invite the Chinese government, in particular Cosco Shipping, to make Malaysia your major transshipment hub in Southeast Asia," he said in his speech at the opening ceremony of the International Forum on New Inclusive Asia. 

"I will pay an official visit to Beijing and will pay a courtesy call to Cosco in January next year," he said. 

Later at the press conference, Loke said that he has contacted the Chinese embassy related to his visit to China, and is in the midst of arranging his schedule. 

He also said it is important to enhance trade between the two countries.

He explained that once Malaysian ports become  transshipment hub, there will be more shipping lines call to the ports, bringing down the cost of shipping.

China Cosco Shipping Corp Ltd, which was formed as a result of the merger between Cosco Container Lines and China Shipping Container Lines, has emerged as China’s biggest container line and the fourth largest in the world.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Nation

Govt registering fishermen to ensure they are eligible for allowance
Sarawak records 252 new Covid-19 cases, one death
Covid-19: New cases fall below 2,000 for third straight day, eight fatalities bring death toll to 1,177
Covid-19: Cases up by 1,529, bringing total to 314,989 (updated daily)
EMCO in four areas in Maran ends ahead of schedule
Cops investigating woman's murder in Taman Bangi
Cops arrest suspect for allegedly stabbing 78-year-old man in Johor
PM: Ungku Aziz's achievements should encourage Malaysians to overcome issue of poverty
Proposal to be submitted to NSC to allow 4,000 fans at football stadiums, says Reezal
Ministry investigating claims of black patches of water in Sg Kim Kim, Johor

Stories You'll Enjoy


Vouchers