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\nKOTA KINABALU: Global logistical linkages, attracting foreign direct investments and the concept of green port are the potentials that state-owned POIC Sabah Sdn Bhd is finalizing with China\u2019s Shandong Port Overseas Development Group Co. Ltd.
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\n\u201cBoth parties are clear on what each other can bring to the table, and are narrowing our options,\u201d said POIC Sabah Chief Executive Officer Datuk Fredian Gan said on the visit by top officials of the major Chinese port group.
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\nAn eight-men delegation, led by Deputy Director of Shandong Port International Cooperation Department, Mr Sun Chao, made their much-awaited visit to POIC Lahad Datu on Dec 19, eight months after having virtually signed a Strategic Collaboration Agreement with POIC Sabah in April.
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\nThe delegation also included Deputy General Managers of Shandong Port Overseas Development Group, Yantai Company of Shandong Port Trade Group Co. Ltd. and Container Company of Qingdao Port. Their itinerary included meetings with port officials and visiting selected ports in Malaysia and Indonesia.
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\nTo mark the visit to Sabah, POIC Sabah and Shandong Port Overseas Development Group Co. Ltd. signed a Friendship Port Agreement of details of business agreements will be concluded in the near future.
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\n\u201cThe (Shandong) Group is a diversified industrial group that runs seven ports on China\u2019s eastern seaboard. Their combined cargo throughput to the tune of 2.0 billion metric tons annually and the over 300 shipping routes they operate on makes them the biggest port group in the world.
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\n\u201cSeen together with POIC\u2019s strategic position in our part of Asean, our rich natural resources and untold market and shipping growth potentials, there are innumerable areas to explore.
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\n\u201cAt POIC we are looking into how to use Shandong\u2019s diversified base and global connections to attract foreign investors to Lahad Datu, latching onto Shandong\u2019s global shipping linkages to expose POIC Port and to learn about the Green Port concept which is gaining widespread traction.\u201d
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\nIn a meeting with the Shandong Port Overseas Development Group Co. Ltd.
\ndelegation, POIC Sabah Chairman Datuk Seri Panglima Yong Teck Lee said the Sabah-owned company is \u2018on the shoulders of a giant\u2019 in terms of working with SRPG and its stature in the global logistics industry.
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\nHe said that while POIC Sabah sees Shandong Port as a gateway to global logistics, its interest is a recognition of POIC Lahad Datu\u2019s vital position in east Asean. He said POIC\u2019s tie-up with SPODG will have major contribution to Sabah\u2019s development and efforts to draw foreign investments.
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\nShandong Port Overseas Development Group Co. Ltd. has seven major municipal ports \u2013 Bingzhou, Dongying, Weifang, Qingdao, Rizhao, Yantai and Wehai. They combined for 1.9 billions metric tons of cargo in 2021 and 30 million TEUs (container units). The ports are linked to a combined 313 shipping routes of which 173 are international, 113 covering RCEP (Regional Comprehensive Economic Partnership) countries and 84 so called Belt and Road ports The Group has business in Southeast Asia. South Asia,, the Middle East, Europe and West Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0 KOTA KINABALU: Global logistical linkages, attracting foreign direct investments and the concept of green port are the potentials that state-owned POIC Sabah Sdn Bhd is finalizing with China\u2019s Shandong Port Overseas Development Group Co. Ltd. \u00a0 \u201cBoth parties are clear on what each other can bring to the table, and are narrowing our options,\u201d […]<\/p>\n","protected":false},"author":9,"featured_media":17520,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-17519","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/17519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/comments?post=17519"}],"version-history":[{"count":1,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/17519\/revisions"}],"predecessor-version":[{"id":17521,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/17519\/revisions\/17521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media\/17520"}],"wp:attachment":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media?parent=17519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/categories?post=17519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/tags?post=17519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}