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All Stories by kAyEf

Vessel opening – new feature!

malaysiashipping.info will be trying out a new feature this week, vessel opening. For a start, it’ll feature conventional / breakbulk vessels that’s opening within Asia (mostly South East Asia). Any enquiries / prospect / interest on the said vessel, pls email to malaysiashipping.info admin for …

Layup or perish: more vessel idling needed to tackle oversupply crisis

DESPITE serious excess supply in the market, particularly on the Asia-Europe trade, carriers have announced a series of dramatic rate increases on that trade, beginning from next month. The likelihood of them actually achieving these hikes, based on the history of the shipping industry, is …

Tianjin port lifted 150,000 TEU during Chinese New Year holiday!!

DURING the Chinese New Year holiday from February 22 to 28, the Port of Tianjin recorded a throughput of 150,000 TEU, or 5.47 million tonnes, Xinhua reports. In the seven days, a total of 241 vessels called at the port, including the 13,000-TEU mega ship …

Samsung designs tailor-made 13,200 TEU ship to transit Panama Canal

KOREA’s Samsung Heavy Industries is designing a 13,200-TEU ship that will exactly fit the expanded Panama, which would will tilt the scales to the advantage of US east and Gulf ports at the expense of the west coast, according to the Maritime Professional journal. Panama …

MOL containership rescues 116 after ferry sinks off Papua New Guinea

JAPAN’s MOL has announced its 3,586-TEU MOL Summer has rescued 116 survivors from the Rabaul Queen, a ferry that sank 17 kilometres east of Papua New Guinea. On the morning of February 2, the ferry sank near Fischhafen, shortly after transmitting a distress signal, said …

Amazon.com builds major China distribution centre in Nanning

AMAZON.COM, the world’s largest online retailer, will set up a major distribution centre in the south western Nanning city, Xinhua reports. Seattle-based Amazon has signed a deal with the Economic and Technological Development Zone in Nanning to build its distribution centre in the city, capital …

Malaysia’s TNB, Petronas to build power plant, LNG terminal in Sabah: report

Malaysia’s state power utility Tenaga Nasional Berhad, or TNB, and national oil company Petronas are to jointly build a 300 MW gas-fired power plant and LNG receiving terminal in Sabah, East Malaysia, local media reported Thursday. The gas plant and LNG terminal will be located …

Jakarta importer could face up to 15 years in prison for smuggling hazardous scrap steel

The Jakarta Globe reported that customs officials have seized 113 containers of imported scrap steel that they contend is actually hazardous waste and for which the importer could face up to 15 years in prison for smuggling. During an inspection of the containers at Tanjung …

600 steelworkers risk losing their jobs in Sweden

It is reported that around 600 steel industry jobs are expected to disappear in Sweden. The reason is that the German Thyssen Krupp and the Finnish Outokumpu have agreed to unite their production of stainless steel. The trade union Metall’s newspaper Dagens Arbete wrote that …