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 …
0Malaysia’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 …
MAERSK Line has announced it will increase Asia-Europe routes with a US$775 per TEU effective March 1, which is more than double the current spot market price. The general rate increase will be applied to all dry and reefer cargo shipped from any Asian port …
JAPANESE big three carriers, MOL, NYK and “K” Line suffered common losses of more than US$500 million from October to December or the third quarter of their fiscal year 2011 ending March 31, 2012 due to low demand, soft rates, appreciating yen, high oil prices …
CHILE’s Compania Sud Americana de Vapores (CSAV), the world’s 14th biggest carrier, is receiving a capital injection of US$347 million from Quinenco and Marinsa, believed to be the first phase of a planned $1.2 billion investment. Quinenco subscribed to $247 million of newly issued shares, …
Global economic uncertainty and Middle East political turmoil are doing little to dim the attraction of emerging markets, which show signs of reducing their dependency on developed markets as they compete to be the trade hubs of the future, according to latest Emerging Markets Logistics …
PETALING JAYA: There should not be any issues to develop a third terminal in Port Klang in view of the probable capacity constraints to handle the expected increase in movement of goods in five years. Glenn Marine Group Malaysia chief executive officer Brian Paul said …
KUALA LUMPUR, Jan 17 (Bernama) — The country’s total trade is projected to grow by seven to eight per cent this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. From January to November 2011, Malaysia’s total trade amounted to RM1.16 trillion with …
EVERGREEN’s founder chairman Chang Yung-fa predicts the global economy in 2012 will not likely to recover due to week demands of the European and American markets, slow livelihoods consumption and sluggish electronic industry, reports Taiwan’s Economic Daily News. Mr Chang says it will be hard …
MALAYSIA’s Port of Tanjung Pelepas (PTP) throughput totalled 7.5 million TEU in 2011, representing an increase of 15 per cent year on year and outperforming global volume growth by seven per cent. The sharp increase was driven by strong organic growth from existing customers as …