MALAYSIAN Deputy Prime Minister Seri Najib Tun Razak wants a limit imposed on the number of ships using the Malacca Strait to be considered for safety reasons, reports The Malaysia Star. Mr Razak said traffic had increased from 44,000 ships in 1999 to 70,000 in …
ALL private jetties built within the port limit are required to re-apply for operation licenses from the Port Klang Authority (PKA). PKA general manager Lim Thean Shiang said the new ruling, effective Oct 1, covered the Port Klang area. “Under the Port Authority Act, we …
BEIJING, Oct 28 – Chinese factory owner Ma Ning has shrunk his business by a third and fired 1,000 workers over the past months. But as the chill of the global financial storm sweeps into his eastern coastal city of Wenzhou, Ma wonders how many …
TAIWANESE container shipping lines Wan Hai Lines and Yang Ming Marine Transport are shelving plans to launch new services during the current global economic turmoil. Wan Hai Lines will also stop hiring new staff, apart from essential ship crew, after saying it will freeze its …
The ports and shipping lanes of Asia, the arteries of world trade through which goods and commodities surged in the boom times, are starting to seize up as the financial crisis strangles demand. The Baltic Dry Index, a signpost of economic trends which tracks the …
KTMB will be increasing the rate for ITT movement from RM 160.00 per wagon to RM 170.00 per wagon between both terminals in Port Klang effective 25th August 2008. With this increase, Westport and North Port will still maintain subsidizing 50% of the cost for …