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 2007,reported The Associated Press, adding that experts estimate the world’s [...]
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 will be the governing body looking after all the jetties within [...]
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 more he can trim.
His Kaiming Maoyi group - which produces [...]
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 headcount in 2009, reports Lloyd’s List. The carrier is also [...]
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 cost of moving goods across the oceans, has set off alarm [...]
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 the ITT movement. This is withstanding any additional charges for 20ft [...]
