Singapore Sembawang Kimtrans Signs MoU with Amsteel Mills

Singapore-based Sembawang Kimtrans Ltd has announced that it has signed a MoU with Malaysia’s Amsteel Mills Sdn Bhd. to form a joint venture for providing marine logistics services in that country. Amsteel, a unit of Lion Industries Corp Bhd will hold the majority stake in the joint venture, Sembawang Kimtrans said in a statement.
The venture [...]

Posted Under: Malaysia Biz Update, Malaysia News, Malaysia shipping industry
This post was written by kAyEf on January 7, 2009 Comments (0)

Malaysia industry update

Jan 7th: November Exports down 4.9% to RM51.79b, that’s a 3.1% down against Oct due mainly to weaker e-goods export and refined petroleum and palm based products. CPO fell MYR75 to MYR1905 per mt.
Basic commodities continue to experience slow overseas demand.. plywood, steel.

Posted Under: Malaysia shipping industry
This post was written by kAyEf on January 7, 2009 Comments (0)