Allbet:Hubline explores collaboration on Kuching port

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KUALA LUMPUR: Hubline Bhd has entered into a memorandum of understanding with the Port of Antwerp-Bruges International to explore a partnership in the development and operation of a proposed deep-sea port in Kuching.

The logistics firm said in a filing with Bursa Malaysia that this is congruent with its objective of expanding its business operations into the provision of port and terminal management, operations and related marine services.

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The MoU will be effective for a period of one year with an option to renew for a further period upon agreement by the parties.

Shares in HubLine ended Wednesday unchanged at four sen a share on the back of 3.06 million units exchanging hands.