SHIN YANG Group - News

Shin Yang in talks to build MMEA patrol vessels

Information
27 May 2025

KUCHING: Shin Yang Group Bhd’s (SYG) wholly owned subsidiary Shin Yang Shipyard Sdn Bhd is likely to build two offshore patrol boats for the federal government. Shin Yang Shipyard had signed a letter of intent (LoI) with the Home Affairs Ministry...

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Shin Yang Shipyard Delivers KM Banggi to MMEA – A Testament to Malaysian Maritime Excellence

Information
07 May 2025

Sabah, 15 April 2025 – Shin Yang Shipyard Sdn Bhd, member of Shin Yang Group Berhad is proud to announce the successful delivery of KM Banggi, to the Malaysian Maritime Enforcement Agency (MMEA), marking a significant milestone in national maritime...

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Shin Yang posts 20% increase in 1Q profit on improved margin, increased shipment volume

Information
29 November 2024

KUALA LUMPUR (Nov 29): Shipping company Shin Yang Group Bhd (KL:SYGROUP) reported a 19.6% increase in net profit for the July-September period on improved profit margin as well as increased shipment volume and vessel deliveries for ship repairs. Net...

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Shin Yang Group building value-added vessels for the O&G industry

Information
12 November 2024

KUCHING: Shin Yang Group Bhd is constructing value-added vessels with innovative designs to service the oil and gas industry. The vessels include a 42m fast crew boat designed for offshore support vessel (OSV) operations tailored for Petroleum...

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Shin Yang’s uptrend may be extended, says RHB Retail Research

Information
30 July 2024

KUALA LUMPUR (July 29): RHB Retail Research said Shin Yang Group Bhd’s (KL:SYGROUP) uptrend may be extended after it breached the resistance on strong volume. In a trading stocks note on Monday, the research house said the counter rose above the...

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收购汽车经销商升阳触20个月高位

Information
12 July 2024

（吉隆坡12日讯）升阳（Shin Yang Group Bhd）（KL:SYGROUP）今早涨至20个月高位，因林氏家族提议将东马汽车经销业务注入这家航运公司。该股一度扬9.5%或7.5仙，至86.5仙，为2022年11月以来最高。截至9时15分，该股挂85.5仙，市值报10亿3000万令吉。共520万股易手，是20天平均的一倍多。升阳今年来上涨了39%，过去一年升幅则达53%。没有机构分析员研究该股。该公司昨日宣布，以1亿4450万令吉的现金和股票收购Boulevard Jaya私人有限公司，后者是丰田汽车（Toyota）在砂拉越的授权经销商和凌志（Lexus）汽车的授权代理商，以及另收购3家从事丰田和凌志汽车相关汽车业务公司的各60%股份。升阳表示，上述收购旨在多元化公司收入来源，减少对现有航运和造船业务的依赖，并为未来盈利作出贡献。 * Credit news article from：https://theedgemalaysia.com/node/718714...

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Shin Yang's controlling Ling family injects East Malaysia car dealership business into group for RM144.5 mil

Information
12 July 2024

KUALA LUMPUR (July 11): The Ling family behind shipping company Shin Yang Group Bhd (KL:SYGROUP) is injecting part of their Toyota and Lexus car dealership business in East Malaysia into Shin Yang for RM144.5 million, in a cash and share deal. In a bourse...

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MOU Signed Between 3 Malaysian Companies And A Singapore Company To Build Offshore Vessel In Malaysia

Information
02 August 2022

A memorandum of understanding (MOU) was signed between three shipyard Malaysian companies and a Singapore company to build the first green offshore supply vessel (OSV) in Malaysia. Association of Marine Industries of Malaysia (AMIM) is facilitating the...

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Marine Industries Association welcomes Cabinet decision to resume littoral combat ship project

Information
11 May 2022

KUALA LUMPUR (April 22): The Association of Marine Industries of Malaysia (AMIM) has welcomed the Cabinet's decision to proceed with the littoral combat ship (LCS) project. AMIM also emphasized that mega projects related to shipping should be...

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Shin Yang Shipping proposes to acquire Piasau Gas for RM22.8m

Information
11 May 2022

KUALA LUMPUR (April 27): Shin Yang Shipping Corporation has proposed to acquire 100% of Piasau Gas Sdn Bhd for RM22.8 million cash in an acquisition it said would strengthen and complement the shipbuilding activities of the group. In a Bursa...

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Shin Yang Shipping appoints Ling Lu Kiong as executive vice chairman

Information
28 February 2022

KUALA LUMPUR (Feb 25): Shin Yang Shipping Corp Bhd has appointed Datuk Ling Lu Kiong as the group’s executive vice chairman, effective Friday (Feb 25). The shipbuilding and repair company made the announcement in a filing with Bursa Malaysia. Lu Kiong...

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SYSCORP expects to sail through in second half

Information
17 November 2021

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) is seeing better days ahead with anticipated further recovery in its shipping, shipbuilding and ship repair business. Chairman Tan Sri Ling Chiong Ho said the recovery of the shipping sector has...

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Petronas invites bids for building of 16 OSVs

Information
16 February 2021

IN view of its ageing fleet of offshore support vessels (OSVs) for the oil and gas (O&G) industry, Petroliam Nasional Bhd (Petronas) has recently put out to tender the building of 16 such vessels. It is understood that this is just the first batch...

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Acquired a 1200 TEU Container Vessel - Danum 175

Information
08 January 2021

Shin Yang Shipping Corporation Bhd acquired a 1200TEU Container Vessel - Danum 175 recently in month of November 2020 to enhance our shipping capabilities.

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Hull 987 Launching Ceremony

Information
10 July 2020

Shin Yang Shipping Corporation is pleased to announce that Shin Yang Shipyard has successfully launched Hull 987 (YD987), a 80 metre Navy Training Vessel at Shin Yang Shipyard Sdn Bhd in Kuala Baram on 7th July 2020 . The United Arab Emirates (UAE)...

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Sabah aims to become Rotterdam of the East with maiden docking of container ship

Information
14 September 2019

LAHAD DATU, Sep 5 — The maiden docking of container vessel 17224 DWT MV Danum 172 at the purpose-built Palm Oil Industrial Cluster (POIC) Container Terminal here today has raised Sabah’s hope of becoming the Rotterdam of the East Deputy Chief...

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Malaysia’s first LNG-powered vessel shipbuilding

Information
16 November 2018

Malaysia is bound to set a key milestone in the maritime industry as leading integrated ship management brand, Synergy Marine (M) Sdn Bhd recently unveiled its collaboration with Malaysian companies, MTCMS Design Sdn Bhd and Shin Yang Shipping...

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Malaysia steps into LNG sector with shipbuilding MOU

Information
16 November 2018

Three Malaysian companies have reportedly signed a memorandum of understanding (MoU) that would see the first LNG-powered ship built and operating in Malaysian waters by the end of 2020. The contract for a dual-fuel platform support vessel (PSV) is...

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Expanding Container Ship Fleet service

Information
14 August 2018

Shin Yang Shipping Corporation acquired another 2 units of container vessels - Danum 171 and Danum 172 in month July and August 2018 to expand container ship fleet services.

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Northport, Shin Yang and Harbour-Link form strategic alliance

Information
20 September 2017

KUALA LUMPUR: Northport (Malaysia) Bhd, Shin Yang Shipping Sdn Bhd and Harbour-Link Group Berhad have signed a memorandum of understanding (MoU) to firm a strategic alliance called The East Malaysia Network or TEAM Network. MMC Corporation Bhd said...

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Syscorp expects charter rates to remain under pressure

Information
11 April 2016

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) said overcapacity in the industry and weak demand will continue to pressure charter rates. “The demand is not strong enough and everybody (shipping firms) is fighting for the cargo,” group financial...

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Syscorp focuses on domestic routes amid slump in regional operations

Information
01 February 2016

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes as the industry is shrouded with continued uncertainty. Group financial controller Richard Ling said Syscorp currently...

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Shin Yang Shipping focuses on domestic boxes for profits

Information
01 February 2016

Leading Malaysian domestic shipping company Shin Yang Shipping Corp (Syscorp) has tuned inwards in the face of continued volatility in the international container shipping market, local reports said. Syscorp has realigned its focus to domestic...

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Shin Yang foresees domestic, coastal shipping as growth driver

Information
26 January 2016

KUCHING: Shin Yang Shipping Corporation Bhd (Shin Yang) foresees domestic and coastal shipping as a driving growth in anticipation of the coming Pan-Borneo Highway projects as a further boost from the recent Budget 2016. According to chairman Tan...

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Shin Yang sees boost in earnings, benefits from bunker fuel price drop

Information
29 December 2014

KUCHING: Shin Yang Shipping Corp Bhd, which owns and operates a fleet of 297 vessels serving domestic and international routes, will see a boost to its bottom line if the current low bunker fuel price stays. Group financial controller Richard Ling...

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