Asean Express boosts freight carriage by rail through region up to China

Asean Express News

Asean Express boosts freight carriage by rail through region up to China
Freight TrainLaunchTransport Minister
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(Reuters) - Online comics platform Webtoon Entertainment said on Wednesday it has priced its initial public offering of 15 million shares at $21 per share.

Transport Minister Anthony Loke officiating the first Malaysian-made leased locomotive Asean Express , international freight train service connecting Malaysia, Thailand , Laos , and China at Kontena Nasional Inland Clearance Depot, Seri Setia.-Bernamapic

The train is expected to reduce the transit time of goods within the region significantly, for example taking just nine days from KNICD to Chonqing against the 14 to 21 days normally required by sea. “The shorter transport times are also expected to open up new markets, with the agricultural sector in particular to benefit by allowing perishable produce to be transported more quickly by rail.

The new service will also see the deployment of the first Malaysian-made “pay-per-use” leased locomotives by Keretapi Tanah Melayu Berhad . KTMB Group chief executive officer Datuk Mohd Rani Hisham Samsudin expressed his pride in the new service for showcasing both Asean and Malaysia’s competitiveness in the global market.

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Freight Train Launch Transport Minister Anthony Loke Selangor Perlis Thailand Laos China KTMB

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