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KIC joins hands with Nathalin

Malaysian private oil terminal operator KIC Group is reportedly setting up a shipping trust with its lead partner, Nathalin Group of Thailand – the largest private shipping company in the country. The shipping trust, that targets to be operational by the end of this year, will be roping in Thailand’s top energy firm PTT for the acquisition of 22 vessels at around USD 200 million within the next three years. KIC plans to deploy the vessels to support its oil terminal operations in Malaysia at the Port of Tanjung Pelepas in Johor, Westports in Port Klang and the Asia Petroleum Hub that is currently under construction.

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Written by: | Categories: Asia, Shipping Trust | April 22nd, 2010 |

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