It is reported that shipping industry confidence is at its lowest level for three and a half years, as fears about overcapacity and the global economy reach new heights. According to the latest quarterly shipping confidence survey by accountant Moore Stephens, the rising cost of …
Bloomberg reported that U-Ming Marine Transport Corp the Taiwanese operator of dry bulk ships expects 2012 to be a difficult year for the market because of the launch of more large ships and higher iron ore production in China. Mr CK Ong President of U-Ming …
(Updates price in seventh paragraph.) Palm oil stockpiles in Malaysia, the second-largest grower, probably advanced to 2 million metric tons for the second time this year in September as harvests rebounded and exports dropped, showed a Bloomberg News survey. Inventories climbed 6.4 percent from 1.88 …
By Ranjeetha Pakiam(Updates price in fifth paragraph.) Indonesia, the world’s biggest palm oil supplier, may increase sales to China and India after export taxes were cut for refined products, weighing on global prices, said a Malaysian industry association. The country “will find a much bigger …
IRAN’S HDS Lines is expected to drop Mediterranean calls at Damietta, Gemlik, Istanbul and Malta from its Far East-Mideast-Med service (FMCL) at the end of October, reports Alphaliner. At present the Far East departures turn around at Bandar Abbas under a shortened SMX rotation that …
Finally, after months of delays, malaysiashipping.info has a new look and feel. It’s officially up but we’re making some slight tweaking will go on for the next few weeks – most not noticeable. Some of the new features to the site, aside from the cosmetic …
THE much-touted “Daily Maersk” Asia-Europe shipping scheme was presented at a Hong Kong press conference yesterday as major milestone in the development of international containerisation. The Daily Maersk service will start October 24 on the Asia-North Europe trade lane with ships departing at the same …
Indonesia’s logistics cost is 17 percent, while Malaysia 8 percent. The logistics distribution cost in Indonesia is the highest compared to ASEAN members, especially if compared to Malaysia. The logistics cost in Indonesia reaches 17 percent of the overall costs, while Malaysia 8 percent. According …
SINGAPORE: Kontena Nasional Bhd (KN), Malaysia’s premier logistics company with 40 years’ experience in logistics operations, sees significant growth in its cross-border business. Its chief executive officer, Hood Osman, said the cross-border business has grown tremendously. “It was zero in 2010, and by August last …