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HubLine
has announced that it will increase
the frequency sailing between Port
Klang and selected ports in Thailand
from the present two sailings per
week to three sailings effective
this month.
The
managing director of HubLine, Dennis
Ling of recent the line has been
securing increased demand for its
services between Port Klang Thai
sector.
The
weekly services connects all major
ports in Thailand namely Bangkok,
Bangpakong, Laem Chabang.
HubLine
use Bangpakong Port, some 50 km from
Bangkok Port as the main gateway to
Thai market.
The
feeder service is jointly mounted by
HubLine and Feeder Associate System,
feeder arm of CMA-CGM.
“We
are the first consortium to offer
such comprehensive port of coverage
between the Malaysia Thailand sector
and we are confident of capturing
the fast growing traffic directly
from Thailand," said Dennis.
Currently
HubLine has deployed two ships of
500 TEUs carrying capacity each
while the other partner, Feeder
Associate System, has offered one
vessel.
"We
are committed to developing Port
Klang and will be further
strengthening our presence by
expanding our feeder networks at the
port," he stressed.
The
regional feeder specialist, which is
aggressively penetrating regional
market, recently mounted a dedicated
service between China and East
Malaysia.
The
first vessel from the direct service
arrived Bintulu Port on the March 19
this year.
The
service provides shortest transit
time of five days from Hong Kong
direct Bintulu Port as against 10
days of traditional shipping route
between Hong Kong- Port
Klang/Singapore to East Malaysia.
“With
the expected growth of the Chinese
market, we believe the new service
should perform well,” said Dennis.
He
said Hub Line would cater to be
feeder needs of all Port Klang MLOs
on a common carrier basis.
“We
have a vast network that stretches
from Intra-Asia ports to Far East,
Middle East, Australia and
Micronesia Islands,” he noted.
HubLine
has more than 70 agents worldwide,
and calls at major port in Malaysia,
Singapore, Indonesia, Brunei,
Philippines, Thailand, Vietnam,
Myanmar, Taiwan, Guam/Saipan, India,
Bangladesh, Sri Lanka, Pakistan and
the Middle East/ Gulf Region.
The
network operated by HubLine also
provides an effective feeder routes
system, which complements routes
served by main line operators.
The
expanding scope of operations of
HubLine is expected significantly
contributed to the growth of EOX
group, the parent company of
HubLine
which listed in the main board of
Kuala Lumpur Stock Exchange.
The
shipping division of the group
achieved a turnover of RM286.6
million compared with RM32.48
million in the previous financial
period.
Shipping
division currently contributes
approximately 90 per cent of the EOX
group revenue totaling RM 313.44
million in the financial period
ended 30 September 2001 as against
RM57.33 million in the previous
financial period.
To
further strengthen the shipping
operation EOX recently signed a
RM120 million Islamic Private Debt
Securities comprising a RM60 million
Murabahah Commercial Paper and a
RM60 million Murabahah Medium Term
Note Programme.
The
five-year period fund programme was
arranged by the Malaysian
International Merchant Bankers
Berhad and underwritten by Bank
Islam Malaysia Berhad, Malaysia
Discounts Berhad, Abrar Discounts
Berhad, Affin Discount Berhad and
Alliance Merchant Bank Berhad.
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