State-owned port operator Taiwan International Ports Corporation (TIPC) has signed a cooperation agreement with Sabah Ports of Malaysia. Sabah Ports is also a state-owned company.
TIPC chair Wu Men-feng signed a Memorandum of Understanding on Monday to share resources and expertise with Sabah Ports in a number of areas. These include investment, strategy, port planning and operational efficiency.
Wu traveled to Malaysia together with representatives of the Taiwan-based CECI Engineering Consultants and Wan Hai shipping company. He said the delegation was already beginning plans to consult with Sabah Ports on freight-handling efficiency and good environmental practices.
He also noted that Sabah, on the island of Borneo, is well located for access to the Philippines, Vietnam and China. Taiwan is seeking to improve exchanges with countries in Southeast Asia as part of President Tsai Ing-wen's New Southbound policy.
Source: Radio Taiwan International