Harbour-Link buys two container ships to expand regional capacity

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Harbour-Link expands vessel capacity

Highlights

Harbour-Link Lines Sdn Bhd bought two 90-metre container ships from Sapor Shipbuilding for RM28.34 million each, financed through internal funds and bank borrowings.
The purchase of the new vessels increases operating capacity after the group sold a ship in 2025, reflecting strong regional demand for container transport.
Harbour-Link shares closed one sen lower, or 0.81%, at RM1.22 on Thursday, with a market capitalisation of RM488.49 million and a 17% decline since the start of the year.

This article was translated from the original. Read the original version by our correspondent here.

Acquisition and financing details

According to a The Edge Malaysia report, Harbour-Link's filing with Bursa Malaysia on Thursday said its 85%-owned subsidiary, Harbour-Link Lines Sdn Bhd, bought two self-propelled 90-metre container vessels from Sapor Shipbuilding Industries Sdn Bhd for RM28.34 million each.

The company said the acquisition is in line with the group's expansion plan to increase marine fleet capacity, improve operational efficiency and meet growing demand for container transport services in the region. The purchase was financed through internally generated funds and bank borrowings.

As at the financial year ended 30 June 2026, Harbour-Link had cash and cash equivalents of RM332.68 million, compared with total borrowings of RM93.09 million. The group also said the vessels would be delivered alongside the builder's shipyard in Sibu, free of maritime liens, mortgages or hire-purchase obligations.

Operational and share price impact

The acquisition adds assets to Harbour-Link's shipping business, which, according to its 2025 annual report, operates 10 container ships and four tug-and-barge sets, with a combined capacity of 8,432 twenty-foot equivalent units, serving Malaysia and other Asian markets.

In financial year 2025, the group sold a container ship with a capacity of 653 twenty-foot equivalent units, saying the disposal aligned fleet capacity with demand in the market in question and helped maintain vessel utilisation. The latest purchase indicates that the company now sees a need to restore capacity amid strengthening regional demand.

Harbour-Link shares closed one sen lower, or 0.81%, at RM1.22 on Thursday, giving it a market capitalisation of RM488.49 million. The shares have fallen by about 17% since the start of the year.

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