Latest news with #KMBanggi
The Star
12 hours ago
- General
- The Star
Visit by Japanese Coast Guard vessel to strengthen partnership between maritime enforcement agencies
Japan Coast Guard (JCG) patrol vessel Mizuho safely docked at Port Klang Cruise Terminal. — KK SHAM/The Star THE Malaysian Maritime Enforcement Agency (MMEA) welcomed the arrival of the Japan Coast Guard (JCG) Mizuho class patrol vessel to Port Klang Cruise Terminal (PKCT) on Monday (June 23) for a five-day strategic mission. MMEA acting deputy director-general (Operations) Rear Admiral Mohd Zawawi Abdullah said the Mizuho class patrol vessel's visit will strengthen the longstanding strategic partnership between both maritime enforcement agencies. Japan Coast Guard (JCG) patrol vessel Mizuho safely docked at Port Klang Cruise Terminal, while (third from left) MMEA acting deputy director-general (Operations) Rear Admiral Mohd Zawawi Abdullah speaks to Japanese ambassador to Malaysia, Shikata Noriyuki (fourth from left) and JCG deputy commander (Operations) vice admiral Kanosue Hiroaki while others look on. — KK SHAM/The Star It also reflects JCG's confidence in MMEA's capabilities in enhancing maritime security cooperation amid increasingly complex regional challenges, he said. 'Both agencies will share experience and expertise as well as work towards a common goal in safeguarding regional waters from potential threats,' said Mohd Zawawi at the wharf of PKCT in Port Klang, Selangor. The JCG delegation was led by deputy commander (Operations) Vice-Admiral Kanosue Hiroaki. Japanese ambassador to Malaysia Shikata Noriyuki, who was also present, said the visit will further strengthen ties between the two maritime enforcement agencies, particularly in training, cooperation and technology sharing. 'Since 2006, the partnership between JCG and MMEA has played an important role in strengthening regional maritime enforcement capabilities,' he added. Highlights included a long-range acoustic device drill and a joint exercise between Mizuho and MMEA's vessel KM Banggi in the waters off Selangor.
The Star
26-05-2025
- Business
- The Star
Shin Yang in talks to build MMEA patrol vessels
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 for the proposed construction of the two offshore patrol vessels for Malaysian Maritime Enforcement Agency (MMEA) at the Langkawi International Maritime and Aerospace Exhibition 2025 last week. The LoI sets the foundation for detailed negotiations and technical planning that will lead to the finalisation of a shipbuilding contract. 'Negotiations for the contract are expected to take two to three months,' Shin Yang Shipyard executive director Vincent Ling Lu Yew told StarBiz. The contract value for the two vessels based on the LoI is RM298.5mil. Ling said the vessels will have a length of 83m and beam of 13.7m, with a top speed of 21 knots. The vessel's endurance is up to 21 days at sea without resupply. The planned features and equipments of the vessels include two rigid hull inflatable boats (RHIBs) and one fast interceptor craft, and a helicopter landing pad. The vessel is expected to accommodate up to 70 personnel. A RHIB is a vessel featuring a rigid (often aluminium or fibreglass) hull surrounded by inflatable collars or tubes. The vessel's performance include high speed, lightweight, remarkably stable in rough water and ideal for patrol or rescue mission. 'The LoI marks a significant step forward in the government's effort to enhance national maritime security and reflects a strong confidence in local shipbuilding capabilities,' said Ling. Last month, Shin Yang Shipyard delivered KM Banggi to MMEA in Sabah after completing the repair and repowering of the coastal patrol boat for a contract value of about RM60mil. KM Banggi was the biggest repowering job ever undertaken by the Miri-based shipbuilder and repairer. The company posted a jump in its net profit to RM42.42mil in the second quarter of its financial year ending June 30 (2Q25) from RM19.52mil a year ago. This was on the back of higher revenue of RM611mil in 2Q25 versus RM235.27mil a year earlier. The company attributed the significant pre-tax profit and revenue growth to income from the newly acquired automotive segment during the current quarter. The automotive segment contributed RM359.9mil to the group's revenue and RM25.2mil to its pre-tax profit. However, its shipping segment's revenue fell 4.6% to RM169.4mil in 2Q25 from RM177.6mil in the same quarter last year. This decrease in revenue was primarily due to the normalisation of freight rates in the shipping segment. However, the increase in pre-tax profit for the shipping segment was mainly attributed to an improvement in load factors and cargo volume in the container segment and a gain of RM5mil from the disposal of three vessels. Moving forward, it plans to expand its investments in container depots, haulage services, including warehouse facilities, to capture new business opportunities. Shin Yang is optimistic about its prospects in the newly acquired segment in the automotive business, considering that Toyota is a well-established brand and its cars business have been among the top five best-selling cars in Malaysia for many years.
