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February 10, 2016 11:39 PM ET

Marine

Company Overview of Shin Yang Shipping Corporation Berhad

Company Overview

Shin Yang Shipping Corporation Berhad, an investment holding company, provides shipping services in Malaysia. The company transports loose bulk and container cargoes, such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, project cargoes, car containers, timber products, light equipment, heavy machinery, vehicles, metal plates, steel products, flour, spare parts, and other cargoes; and general cargoes, including machineries, timber and steel products, and other cargoes. It manages and operates tug boats, barges, container vessels, crew boats, oil tankers, landing crafts, and cargo vessels. The company operates a fleet of 295 vessels with a total gross registered tonnage...

Sub Lot 153 (Parent Lot 70)

Jalan Kuala Baram

Kuala Baram

Miri,  98100

Malaysia

Phone:

60 8 542 8399

Fax:

60 8 542 1428

Key Executives for Shin Yang Shipping Corporation Berhad

Shin Yang Shipping Corporation Berhad does not have any Key Executives recorded.

Shin Yang Shipping Corporation Berhad Key Developments

Shin Yang Shipping Corporation Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2015

Shin Yang Shipping Corporation Berhad reported unaudited consolidated earnings results for the first quarter ended September 30, 2015. For the quarter, the company’s revenue was MYR 183,901,000 against MYR 255,937,000 a year ago, the decrease was mainly due to the lower revenue generated from the shipbuilding operations in the current quarter. Operating profits was MYR 16,324,000 against MYR 16,435,000 a year ago. Profit before tax was MYR 6,235,000 against MYR 1,750,000 a year ago, The increase in profit before tax due to the improvement of shipping profit margin in view of bunker cost filter from the global decline of crude oil price and improvement in container shipping operations segments. Profit attributable to equity holders of the parent was MYR 4,105,000 or 0.30 sen basic and diluted per share against loss attributable to equity holders of the parent of MYR 150,000 or 0.01 sen basic and diluted per share a year ago. Net cash used in operating activities was MYR 12,368,000 against cash generated from operations of MYR 21,169,000 a year ago. Capital expenditure was MYR 14,600,000 against MYR 39,693,000 a year ago.

Shin Yang Shipping Corporation Berhad, Annual General Meeting, Dec 23, 2015

Shin Yang Shipping Corporation Berhad, Annual General Meeting, Dec 23, 2015., at 11:00 Singapore Standard Time. Location: at Conference Room, Level 5, Imperial Hotel. Agenda: To consider the audited financial statements for the financial year ended 30 June 2015 together with the reports of the directors and auditors thereon; to approve the directors' fees for the financial year ended 30 June 2015; to consider re-election of Directors; to re-appoint Messrs Ernst & Young as Auditors of the Company and to authorise the Directors to fix their remuneration; to consider proposed shareholders' mandate for recurrent related party transactions of a revenue or trading Nature; to consider proposed shareholders' mandate for share buy-back; and to transact any other ordinary business.

Shin Yang Shipping Corporation Berhad to Report Q1, 2016 Results on Nov 30, 2015

Shin Yang Shipping Corporation Berhad announced that they will report Q1, 2016 results on Nov 30, 2015

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