PDZ diversifies into LPG production

PDZ diversifies into LPG production

Kuala Lumpur: Malaysia’s PDZ Holdings is looking to diversify its earnings away from container shipping to LPG. The intra-Asia operator aims to develop a gas field in Kazakhstan which should start production in 2019.

PDZ is paying for this diversification via the sale of new shares and rights issue with warrants.

PDZ has reported losses for the last two years, however, group managing director Aminuddin Yusof Lana was adamant yesterday that the company could return to the black in 2016.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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