KUALA LUMPUR, Aug 18 -- Logistics operator Hubline Bhd has signed a consortium agreement with MCC Overseas (M) Sdn Bhd (MCCSB) for oil and gas (O&G) related infrastructure projects in Sarawak.
MCCSB is a wholly-owned subsidiary of China Metallurgical Group Corporation (MCC Group).
Hubline, in a statement today, said the agreement is a positive step forward for the group, as it puts the company in a position to focus on East Malaysia-centred activities such as O&G projects in Sarawak and Sabah waters.
“This is in line with our desire to shift Hubline from its previous position as a shipping company into a logistics industry player, which will help the group achieve better profitability in the long run,” the group added.
Hubline has been in the dry bulk shipping business since 2007 and provides barge logistics services of between 8,000 tonnes and 11,000 tonnes of dry bulk cargo per shipment.
-- Source: BERNAMA