MOL buys into Malaysian logistics outfit

MOL buys into Malaysian logistics outfit

Mitsui OSK Lines (MOL) has bought a 20.9% stake in Malaysian firm, PKT Logistics.

PKT provides end-to-end logistics solutions, has 55,000 sq m of warehousing in Shah Alam, Selangor, and is developing a 70-acre auto hub in Batu Kawan Industrial Park, Penang.

“With its advantageous geographical location, excellent highway network, international seaports network and other well-established logistics infrastructure, Malaysia is poised to be the next regional logistics hub,” MOL said in a release from Tokyo today.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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