PETALING JAYA: An important milestone in Malaysia-China maritime industry relations has been reached in a cordial meeting between Transport Minister Datuk Seri Liow Tiong Lai and China Cosco Shipping Corp Ltd chairman Xu Lirong.
The meeting in Shanghai, said Liow, provided an opportunity for China Cosco Shipping Lines to play an important role in enhancing Port Klang as a logistics hub in Asean.
China Cosco Shipping Lines currently has 44 services calling at Westport in Port Klang.
“The ministry has been tasked with laying the foundation for Malaysia to be the premier destination as a logistics hub and the participation of Alibaba in the Digital Free Trade Zone has provided an important footprint.
“With the participation of China Cosco Shipping Lines in the maritime sector, Malaysia’s position in Asean will be greatly enhanced,” he said.
Liow met Xu during his working visit to Shanghai yesterday.
China Cosco Shipping Corp Ltd, which was formed as a result of the merger between Cosco Container Lines and China Shipping Container Lines, has emerged as China’s biggest container line and the fourth largest in the world.
Together with other shipping companies CMA-CGM, OOCL and Evergreen Asia, China Cosco Shipping is also part of the Ocean Alliance that has the combined volume to be the largest container line in the world.
On April 7, Liow said several large-scale infrastructure and logistics projects would be implemented as part of the Government’s logistics masterplan to promote trade and growth.
The Logistics and Trade Facilitation Masterplan, launched in 2015, is aimed at turning Malaysia into the preferred logistics gateway to Asia by 2020.