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COSCO Shipping Int. (Singapore) to expand in Malaysia

COSCO Shipping Int. (Singapore) to expand in Malaysia


COSCO Shipping International (Singapore) is expanding its logistics operations in Malaysia with the proposed acquisition of 80 per cent of shares of Guper Integrated Logistics, Gem Logistics, Dolphin Shipping Agency and East West Freight Services.

The company also plans to lease land at Port Klang, Malaysia, to construct a warehouse of approximately 300,000 square feet and to acquire the assets by SH Cogent Logistics from Golden Logistics & Storage, a subsidiary of COSCO Shipping (South East Asia).

The company expects the consolidated platform to provide customers with a one-stop integrated service which will be expanded to include container haulage, freight forwarding, container depot and warehousing. Moving forward as an integrated platform, the Group expects to benefit from potential synergies and economies of scale, by engaging in cross-selling of services and business optimisation with its related companies.