South Korean feeder operator Korea Marine Transport Company (KMTC Line) and the state-backed finance institution Korea Ocean Business Corporation (KOBC) have jointly launched a container facility in Malaysia’s Port Klang.
The KRW700 million (US$630,000) joint venture, KM Cargo Services, is tapping growing cargoes within Southeast Asia.
KMTC Line and KOBC hold respective stakes of 60% and 40% in KM Cargo Services, whose facility is based in the Port Klang’s Northports terminal.
Port Klang is a...
https://container-news.com/kmtc-line-and-kobc-launch-port-klang-facility/