Shipping Outlook - costlier

Container shipping may get costlier
The spot rate for container shipping on the Asia-Europe route is likely to rise to US$2000 per TEU in two months as carriers plan to take out more capacity following the Chinese New Year due from the middle of this month, the Hindu Business Line reported.
The present rate is $1763 per [...]

MISC and Al Hilal in JV to set up shipping agency

By Joseph George  on Monday, February 08, 2010
MISC’s wholly-owned subsidiary MISC Agencies has entered into an agreement with Al Hilal Shipping Agency to set up a joint venture (JV) company in Dubai.
In a filing with Bursa Malaysia, MISC last Wednesday said the agreement is to incorporate a joint venture company in Dubai for acting as [...]

Road transport restrictions during 2010 Chinese New Year

MOT had this up only in Malay language apparently. Some key points have been translated and i’ve translated some in bracket below - to my best knowledge of Bahasa Malaysia. For more info, try +603 88866412.
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Kementerian Pengangkutan melaksanakan larangan ke atas kenderaan barangan menggunakan jalan raya semasa cuti perayaan Tahun Baru Cina 2010 [...]

Lower Import Tariff, China Auto Demand to Boost Malaysia Rubber Exports

Malaysian exports of rubber products including compound rubber to China may rise further in 2010 due to lower import tariffs under a free trade agreement and the country’s insatiable appetite for cars, an industry executive said Friday.
Exports of rubber products to China increased by 18% in 2009, tracking the astonishing growth in the country’s vehicle [...]

JFE and Marubeni Itochu Steel win order for Chevron Gorgon Project

01 Feb 2010JFE Steel Corporation & Marubeni Itochu Steel Inc has been awarded the following line pipe orders for Gorgon Natural Gas Project operated by Chevron Australia Pty Limited:
1. 154 KMT of DNV450 Grade line pipe for the Gorgon and Jansz Export Flowlines
2. 18KMT of DNV450 Grade line pipe for the Gorgon Domestic Gas Line
The [...]