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MTT Shipping says will hit 10,000 TEUs after getting two new vessels

GEORGE TOWN: MTT Shipping is expecting to get two new vessels in the third quarter of 2015, which will enable the company to ship 10,000 TEUs (twenty-feet equivalent units) of cargo monthly.

Withdrawal from container cargo ops to benefit Sarawak shipping firms including Syscorp

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) and other local shipping firms are likely to gain from reduced competition with the impending withdrawal of Hubline Bhd from the container cargo transportation business.

Swee Joo to sell tankers as part of restructuring scheme

KUCHING: Swee Joo Bhd will sell its entire fleet of four chemical tankers previously used to transport crude palm oil and its products.

MTTS charters ships from Swee Joo

KUCHING: Penang-based MTT Shipping Sdn Bhd (MTTS), a possible white knight to debt-laden PN17 company Swee Joo Bhd, has chartered 10 vessels from the latter.