PETALING JAYA: MTT Shipping and Logistics Bhd (MTTSL) is investing a combined US$79.93mil to acquire two new 3,300 twenty-foot equivalent unit (TEU) container vessels from China's Wuhu Shipyard Co Ltd.

In separate filings with Bursa Malaysia, the group said its indirect wholly-owned subsidiaries, MTT Shipping Pasir Gudang Sdn Bhd and MTT Shipping Miri Sdn Bhd, had each entered into contracts valued at US$39.97mil for the construction of a vessel.