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Shin Yang Shipping Corporation Berhad (Malaysia)

Main Activities: Ship and Boat Building | Water Transportation | Management of Companies and Enterprises
Secondary Activities: Repair and Maintenance
Full name: Shin Yang Shipping Corporation Berhad Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Shin Yang Shipping Corporation Berhad, located in Miri, is a shipping company that started in the early 80s with a small fleet of wooden tugs and steel hull barges. The company primarily transports timber products domestically from the interior parts of Sarawak. They also ship cargoes to other ports in Peninsular Malaysia, Thailand, Vietnam, the Philippines, and Indonesia. Shin Yang Shipping focuses on transporting loose bulk and container cargoes such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, and project cargoes. They also transport car containers, timber products, light equipment, heavy machinery, vehicles, metal plates, steel products, flour, and spare parts. In addition to their shipping business, Shin Yang ventured into ship repair and acquired Piasau Slipways in the early 1980s. They expanded into four shipyards in East Malaysia to cater to the needs of the shipping division and the growing oil and gas industry. In 1999, Shin Yang Shipyard Sdn Bhd was established to provide vessel construction, repairs, and fabrications for the local and international market. The company has delivered over 420 different types of vessels, including offshore support vessels, maintenance/workboats, seismic support vessels, harbor tugs, pneumatic cement carriers, floating docks, and specialized vessels for the navy. They have customers from various countries, including Australia, Europe, the United Arab Emirates, Singapore, Thailand, and Malaysia. Shin Yang aims to be the preferred solution for shipping and shipbuilding needs, and they have acquired land in Tanjung Manis to meet their shipbuilding and metal fabrication activities.

Headquarters
Sublot 153 (Parent Lot 70), Jalan Kuala Baram, Kuala Baram, Miri
Miri; Sarawak; Postal Code: 98100

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Website: http://www.syshippingcorp.com.my

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2004
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Managing Director
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Vice Chairman
Ownership Details
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56.52%
Subsidiaries
Danum Shipping Sdn.Bhd.
100%
Piasau Slipways Sdn. Bhd.
100%
Shin Yang Shipping Sdn. Bhd.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
-4.98%
Total operating revenue
-5.77%
Operating profit (EBIT)
-53.55%
EBITDA
-45.5%
Net Profit (Loss) for the Period
-47.22%
Total assets
1.32%
Total equity
8.76%
Operating Profit Margin (ROS)
-9.7%
Net Profit Margin
-8.24%
Return on Equity (ROE)
-4.04%
Debt to Equity Ratio
-8.08%
Quick Ratio
0.89%
Cash Ratio
-0.7%

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