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Hubline inks MoU with PCML to expand services
Published on: Tuesday, January 16, 2018

Kuala Lumpur: Hubline Bhd signed a memorandum of understanding (MoU) with Petronas Chemicals Marketing (Labuan) Ltd (PCML) to expand its dry bulk logistic services that will also include liquid chemical logistic services in future.

In a filing to Bursa Malaysia Monday, Hubline said, PCML is an experienced international petrochemicals marketer and trader and the MOU was a mutually beneficial agreement.

"The MOU creates no contractual relationship between Hubline and PCML but aims to provide a framework of cooperation and for any future arrangement between the parties for dry bulk and liquid chemicals logistic services," it said.

The pact will also see PCML working with the logistics company in Hubline's five-year plan to develop the needed chemical vessel technical capability to meet PCML's logistics requirements.– Bernama

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