shin yang shipping
DESCRIPTION
Corporate BrochureTRANSCRIPT
Also known as Syscorp, Shin Yang Shipping was incorporated on 24th February 1983 and this was the birthing moment of Shin Yang’s many sister companies and subsidiaries and marked their growth into the huge conglomerate of companies that they are now. Considering their positioning as the leading corporation with diversified business activities such as construction, shipping both domestic and international, real estate, plantations, quarrying and other small businesses the growth has been unparalleled in just a short period of ten years.
SAILSUp
WRITTEN BY JACK SLATER
During the time of the wooden and metal boats revolution
in Miri during the 70s, SHIN YANG Shipping Sdn Bhd took
over Piasau Slipways Sdn Bhd at Piasau Industrial Estate.
This Company’s main operation was to build tugboats, barges, small
vessels and provide ship repairs services. For economic reasons and
growth, Piasau Slipways Sdn Bhd constructed a new shipyard in Kuala
Baram to cater for larger landing crafts and hopper barges to serve
the shipping needs to its related companies both domestically and
globally.
“By 1994, SHIN YANG Shipping Sdn Bhd had expanded their
shipping services through the establishment of Shinline Sdn Bhd and
subsequently, Thailine Sdn Bhd to serve the international shipping
sector,” he says, “With this in mind, the international plying Vessels are
mainly for Time/spot Carter, container carrier and bulk carrier under
the two companies. To facilitate this several Japanese built vessels
varying from 7000 to 10000t were purchased from the Japanese to
cater for Malaysia and Japan trade.”
In 1995 SHIN YANG Shipping extended her services to
International Shipping with the creation of Shinline Sdn Bhd. At the
same time Piasau Slipways also set out her new factories at Kuala
Baram which is where the present Piasau Slipways Sdn Bhd located.
Three years later in 1998, Thailine Sdn Bhd., one of the international
shipping’s megastars was formed.
MarketsWith the aggressive development and advancement of the oil
and gas industry especially with technology focussed on welding and
CARGOTEC TERMINAL SOLUTIONS (MALAYSIA) SDN BHDTel: (60)-3-3176 2998 Fax: (60)-3-3176 2996
Website: www.kalmarasia.com
Email: [email protected]
Kalmar offers the widest range of cargo handling solutions and services toports, terminals, distribution centres and to the heavy industry. Kalmar is the industry forerunner in terminal automation and in energy efficient container handling, with one in four container movements around the globe being handled by a Kalmar solution. Through its extensive product portfolio, global service network and ability to enable a seamless integration of different terminal processes, Kalmar improves the efficiency of every move.
Making your every move count.
SHIN YANG SHIPPING
Responsible for a seismic shift in the region’s shipping industry and one of the largest family owned groups in Malaysia with footholds in every major industry, SHIN YANG Shipping Sdn Bhd (Syscorp) forms one of the major factions of the corporation. Growing step by step together with the Malaysian Industry we spoke with Chief Executive Officer Captain Ting Hien Liong regarding his company.
The UNI-TANK SYSTEM is the most advanced flexible bulk handling system in the world. Its features include:
Symbol of Quality
fabrication, SHIN YANG Shipyard Sdn Bhd was established in the last
century in 1999 and commenced its operation in vessels construction,
repairs and fabrications for the local and international markets. Due
to this, the company is one of the first few companies to achieve
and obtain ISO 9002 certification in shipbuilding, maintenance and
related metal fabrication activities placing them firmly ahead of any
competition within the region.
“To date, the corporation has a total number of three hundred
vessels trading around the Asian region,” Captain Ting Hien Liong tells
us, “These include tugboats, a range of barges, coastal cargo vessels,
ocean going cargo vessels, chemical tankers, glue barges, piling
barges, anchor handling tug, supply vessels, offshore supply vessels
and offshore utility vessels.”
He adds that for the international markets, they also build supply
vessels, transportation vessel and patrol vessels for navy use in
particular for the UAE market.
New DevelopmentsProspects are bright for the Shin Yang Shipping Corp Bhd (Syscorp)
shipbuilding and ship-repair operations, as group financial controller
Richard Ling said late last year the group’s ongoing shipbuilding
contracts were worth RM762mil, with most of them secured in 2013,
meaning 2014 will be a period of action and consolidation.
DESB Marine Services, owned by Dayang Enterprise Holdings
Bhd, have already entered into a shipbuilding contract with Shin Yang
Shipyard Sdn Bhd for the construction of an offshore accommodation
workboat worth RM70mil.
Syscorp group is already currently building twenty five vessels
that will add to Shin Yang’s already substantial fleet of supply boats,
landing craft, tugs and barges.
“The order-book for new-build vessels can keep us busy for the
next two years. The group is constantly looking for new business and
bidding for new contracts,” Richard was quoted as saying.
These developments have extended the group’s shipbuilding
capacity after major upgrading works to its shipyards and it is due to
these same developments that they are now so heavily focussed on
building bigger vessels.
In 2013, Syscorp’s ship-repair business grew about 15% as more
ships were docked for maintenance and repair works benefitting
themselves from a wider array of services from Syscorp. As an
example, before the end of June 2013, the group had repaired 390
vessels, including 144 delivered in the fourth quarter.
The shipbuilding and ship-repair segment’s revenue in 2013
surged an incredible 70% to RM304.4mil from RM177.8mil in
2012 and the segment’s operational profit improved to RM7.6mil
from RM6.9mil and the credit falls directly on Syscorp’s shipping
operations as the main contributor to group revenue. Over and above
this the containerised cargo volume had risen more than 20% in the
months leading to 2014.
“ To date, the corporation has a total number of three hundred vessels trading around the Asian region.”