27/1 Iceland govt toppled amid…
27/1 Iceland govt toppled amid financial mess after banks collapsed under debts amassed during years of rapid expansion, says AP report
Monthly Archives: January 2009
23/1 S&P lowers corporate rati…
23/1 S&P lowers corporate rating on Titan Chemicals to BB- from BB due to weakening operating performance, remains on Creditwatch Negative
Intel to close 2 plants in Penang
KUALA LUMPUR: Intel Corporation plans to close two existing assembly test facilities in Penang under the restructuring of its manufacturing operations. Intel said in a statement on Thursday it was restructuring some of its manufacturing operations and align its manufacturing capacity to current market conditions. …
Idle containership fleet grows to 255 vessels – 675,000 TEU
THE level of idle containerships has risen to historic highs, with 675,000 TEU, or 5.5 per cent of the global fleet now idle, according to AXS-Alphaliner News. This figure translates into around 255 container vessels by Alphaliner’s last count to January 19, up from around …
jan 22: Nymex crude oil jumped…
jan 22: Nymex crude oil jumped USD2.71 to USD43.55 a barrel.
jan 21: CPO -RM36 to RM1,823 y…
jan 21: CPO -RM36 to RM1,823 yesterday’s closing. Crude oil gained USD2.23 to USD38.74 a barrel.
2009 CNY road ban
Ministry of Transport’s circular on subject from 24th Jan to 25th Jan and 31st Jan to 1st Feb. 4 categories of heavy vehicle has been defined with the time it’s banned from the road indicated. Permission for heavy vehicle on the road during this time …
Asia-Europe rates hit zero – shippers only pay for bunker
ASIA-EUROPE spot container freight rates are said to have plummeted for the first time to zero dollars, with cargo owners paying for bunker to so carriers can a major operational cost. According to unidentified industry sources in Singapore, an increasing number of containers were being …
Aust to record zero GDP growth in 2009
SYDNEY: The Australian economy is forecast to record zero growth this year as the global credit crisis stifles business activity, a report says. Dun and Bradstreets (D&B) economic & risk outlook report says Australian real gross domestic product(GDP) would slow to zero through this year, …