Talk is rife that Northport (Malaysia) Bhd managing director and CEO Datuk Basheer Hassan Abdul Kader may not seek to renew his contract, which expired on Saturday, with the port operating subsidiary of NCB Holdings Bhd. Industry sources said the matter was recently discussed at …
Equatorial allowed to pursue its claim for over $21.7 million from shipping firm MISC for alleged non-payment of bunkers. Source: Bunkerworld (28th Mar 2012)
A deluge of enormous containerships has recently flooded the market as ships held back at yards during the downturn are being delivered at last, adding capacity in an already overtonnaged scenario, according to Exim News Service. China Shipping Container Lines (CSCL) has taken delivery of …
KUCHING: Bintulu Port Holdings Bhd (BPHB) is in final talks with its major shareholders, including the Sarawak government, on the funding for the proposed Samalaju deepsea port project in Bintulu. Chief executive officer Datuk Mior Ahmad Baiti Mior Lub said discussions should wrap up in …
INTERNATIONAL shipbroker Braemar Seascope has reported that 56 per cent of new containership capacity delivered over the past two years entered the Asia-North Europe and Asia-Mediterranean trades. It said that 2.6 million TEU of newbuilding capacity has been delivered over this period with 1.5 million …
CABOTAGE POLICY WOES: Business and political leaders want an end to a policy blamed for the high cost of goods in the state THERE seems to be no end to the Cabotage Policy issue in Sabah. Although the Federal Government had partially liberalised the policy …
CONTAINER shipping lines have idled five per cent, or 800,000 TEU, and more lay-ups are to come, says Maersk Line new CEO Soren Skou, who expects a million TEU to be laid up, a level not experienced since downturn year of 2009, said Reuters. Mr …
PETALING JAYA: Malaysian Bulk Carriers Bhd (Maybulk) is expected to have a sluggish year ahead as the industry is still struggling to absorb its overcapacity. The company’s financial performance for the year ended Dec 31, 2011 (FY11) was below estimate, it revealed recently. Maybulk’s net …
TAIPING: The Perak stretch of the 329km Ipoh-Padang Besar electrified double-tracking project is expected to be completed six months ahead of schedule. ”To date, the Perak stretch is 89.7% complete,” said Transport Minister Datuk Seri Kong Cho Ha. Kong said this at the ceremonial handing- …