What MTT Shipping does

MTT Shipping and Logistics Berhad (MTTSL) is Malaysia's largest domestic container liner shipping operator, commanding a 46% share of cabotage volumes on routes between Peninsular Malaysia and East Malaysia. Founded in 2010 and headquartered in Shah Alam, Selangor, the company operates 26 container ships (24 owned, 2 chartered) from Port Klang, moving 38,879 TEUs monthly across an integrated network spanning Malaysia, Brunei, Southeast Asia, and India. Its service portfolio extends beyond container shipping into asset management, ship management, auto logistics, container depot services, flexitank, chemical tanker, integrated freight facilities, tugs and barges, and the MTT2U digital customer platform.

The company generates revenue through usage-based freight charges on container transport, with pricing negotiated by volume, route, and contract terms rather than publicly disclosed. It sells directly to enterprise cargo owners and freight forwarders requiring reliable, fixed-day sailing schedules and door-to-door services for domestic and regional trade. Revenue was RM1.2 billion in FY2024 (down from RM1.41 billion in FY2022 due to falling freight rates), with RM250.4 million in profit after tax.

Following its April 21, 2026 listing on the Bursa Malaysia Main Market — the largest Malaysian transportation and logistics IPO by market cap and deal size since 2013 — MTT raised RM652.5 million at an implied market cap of approximately RM2.58 billion. It is deploying 95.7% of IPO proceeds to expand its fleet to 40 ships by 2029, primarily through newbuild acquisitions at Chinese shipyards, to support network expansion into India and broader Southeast Asia.

Name

MTT Shipping

Legal name

MTT Shipping and Logistics Berhad

Website

https://mttshipping.com.my

Company type

Public

Founded year

2026

Operating status

Ipo

Headcount range

1–10 employees

Short description

MTT Shipping and Logistics Berhad is Malaysia's largest container liner operator, holding 46% market share on Peninsular-to-East Malaysia cabotage routes via a 26-ship fleet. It serves enterprise shippers and freight forwarders with usage-based container shipping across Malaysia, Brunei, Southeast Asia, and India.

Ownership category

akta.pro rank

Headquarters

HQ city

Selangor

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Container Shipping Freight Services: MTT Shipping generates revenue primarily through freight charges for container shipping services on domestic routes between Peninsular Malaysia and East Malaysia, as well as regional routes to Brunei, Southeast Asia, and India. Revenue is derived from cargo volume moved, with the company reporting RM1.2 billion in revenue for FY2024.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

MTT Shipping and Logistics Berhad is Malaysia's largest container liner shipping operator, providing scheduled container shipping services between Peninsular Malaysia and East Malaysia, with regional coverage extending to Brunei, Southeast Asia, and India. The company offers an integrated portfolio including container shipping, asset and ship management, auto logistics, container depot, flexitank, chemical tanker, integrated freight facilities, and tugs & barges services. It operates 26 container ships (24 owned, 2 chartered) and commands 46% market share of cabotage volumes on West Malaysia to East Malaysia routes.

Product overview

MTT Shipping and Logistics Berhad operates as Malaysia's largest container shipping operator with an integrated service portfolio. The company offers Container Shipping as its core service, supplemented by Asset Management and Ship Management Services for fleet operations. Additional services include Auto Logistics, Container Depot Services, Flexitank (liquid transport), Chemical Tanker, Integrated Freight Facility, Tugs & Barges, and the MTT2U digital booking platform. Together, these services provide end-to-end shipping and logistics solutions dominating the Peninsular Malaysia to East Malaysia and Brunei route, with 46% market share of cabotage volumes.

Differentiator

Problem solved

Functional benefit

Products and services

• Container Shipping Core container liner shipping service providing regular container transport on routes between Peninsular Malaysia and East Malaysia, with fixed day arrivals and departures.
• Asset Management Management services for container shipping assets including vessel ownership and fleet optimization.
• Ship Management Services Comprehensive ship management services for vessel operations and maintenance.
• Auto Logistics Automotive logistics services for vehicle transportation via shipping.
• Container Depot Services Container depot facilities for storage and handling of shipping containers.
• Flexitank Flexible tank solutions for transporting liquids in shipping containers.
• Chemical Tanker Specialized tanker services for chemical cargo transportation.
• Integrated Freight Facility Comprehensive freight forwarding services combining multiple logistics solutions.
• Tugs & Barges Tugboat and barge services for cargo movement and vessel assistance.
• MTT2U Customer-facing digital service platform for booking and tracking shipments.

Quantifiable outcome

• 46% market share on cabotage volumes between West Malaysia and East Malaysia
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Chinese Shipyards (Newbuild Vessel Suppliers)coreOthersMTT Shipping is acquiring at least 12 newbuild container vessels from Chinese shipyards as part of its fleet expansion program funded by IPO proceeds. The company plans to expand its fleet from 26 to 40 ships by 2029.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• SITC International Holdings: Hong Kong-listed intra-Asia container liner with a similar business model of operating owned vessels on regional and domestic Asian routes. Highly comparable to MTT in terms of vessel ownership, intra-Asia route network, and service breadth.
• X-Press Feeders: Singapore-based intra-Asia container line operating a fleet of owned and chartered vessels on regional feeder networks. Direct competitor to MTT on intra-Asia and ASEAN trade lanes with similar liner-shipping economics.
• Wan Hai Lines: Taiwan-listed container shipping operator with strong intra-Asia presence. Comparable to MTT in vessel ownership, regional route network, and customer base of Asian cargo owners and freight forwarders.
• SeaLead Shipping: Singapore-based regional container line operating scheduled services across intra-Asia, Middle East, and Indian Ocean trades. Highly comparable to MTT's planned expansion into regional and India container shipping.
• Pacific International Lines: Singapore-based container shipping operator with extensive intra-Asia and Asia-Africa networks. Comparable to MTT in liner shipping model, regional scale, and ASEAN hub-and-spoke operations.
• Regional Container Lines: Thailand-listed container shipping company focused on intra-Asia and Asia-Europe routes. Comparable to MTT as a regional liner operator with owned vessel fleet and similar Asian trade-lane exposure.
• T.S. Lines: Hong Kong-listed intra-Asia container line with a fleet of owned and chartered vessels. Comparable to MTT in regional liner-shipping model, vessel ownership, and intra-Asia customer base.

Regional players

• Samudera Shipping Line: Indonesia-listed container shipping and logistics company operating across Southeast Asia. Comparable to MTT in intra-Asia liner operations but focused on Indonesian domestic and ASEAN routes rather than Malaysian cabotage.

Broad incumbents

• Maersk: Global container shipping and logistics incumbent with broad intra-Asia presence. Overlaps with MTT on regional container shipping but operates at vastly larger scale across multiple trade lanes and end-to-end logistics services.
• Evergreen Marine Corporation: Taiwan-based global container shipping line with significant intra-Asia presence. Comparable to MTT in container liner operations but serves as a much larger incumbent across global and Asian trade routes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/about
• Instagraminstagram.com/mttshippinglogisticsberhad
• LinkedInlinkedin.com/company/mtt-shipping-sdn.-bhd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MTT Shipping