GAC Malaysia has opened an office in Kota Kinabalu, expanding its presence in the region to provide solutions for the evolving needs of the shipping and energy sectors.
The office will work in close collaboration with GAC Malaysia’s Labuan office in the eastern state of Sabah to provide a wide range of shipping and logistics solutions, including ship agency, husbandry services as well as bespoke logistics, warehousing and distribution operations.
“Sabah is poised for major growth, most notably in its energy sector,” said Herman Jorgensen, managing director of GAC Malaysia. “This expansion will complement our operations in Labuan, fortify our presence in East Malaysia and enable us to be a critical part of the development in Sabah.”
He added: “Malaysia’s shipping and logistics sector is on the rise, driven by rising demand from local manufacturing industries.”
Recently, GAC Malaysia collaborated with Petronas Carigali (PCSB), a wholly-owned subsidiary of Malaysia’s state-owned energy giant Petronas, and the state government of Sabah over the operation of the Samarang offshore oil and gas field. Located 50 km off the coast of Sabah, the field produces approximately 36,000 barrels of oil and gas equivalent per day and 134 million standard cu ft per day of gas. The fuel is used to support the energy needs of customers in Kota Kinabalu and Labuan.
With the Malaysian freight and logistics market estimated to be worth USD26.35 billion in 2023 and expected to reach USD35.10 billion by 2029, GAC plans to support that growth with the opening of further offices in Kuantan and Yan.
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