DANISH shipping giant, Maersk Line together with Malaysia’s regional carrier MISC have increased coverage of southeast Asia and Oceania, adding six calls and five vessels to their NZ1/NZE services with Hapag-Lloyd, Hamburg Sud and Alianca taking slots, reports ComPair Data. This changes NZ1/NZE from a …
GLOBAL deliveries of new containerships have surpassed one million TEU since the beginning of 2011 with 154 vessels delivered and 280,000 TEU more to come by the end of the year, says Alphaliner. “”Non-deliveries” due to cancellations, deferrals and slippage have fallen to 8.5 per …
TAIWAN’s Evergreen Marine and its affiliates have signed syndicated loan with a consortium of nine banks led by the Bank of Taiwan worth US$824 million to fund the purchase of ten 8,800-TEU newbuildings from China Shipbuilding Corporation (CSBC) of Taiwan. The container shipping sector has …
GEORGE TOWN: Penang Port Sdn Bhd plans to introduce new tariffs in the middle of next year, said chief operating officer Obaid Mansor. Obaid told StarBiz that the proposal to raise port tariffs, comprising largely cargo-handling and ship charges, had been submitted to the regulatory …
Overcapacity in the shipping industry and the worsening global economic outlook are likely to compound piracy and marine safety risks in the Southeast Asian region. THE RISK of renewed recession is one negative factor currently bearing on the shipping industry, regionally and globally. Faltering growth …
Reuters reported that CMA CGM, the world third largest container shipping group denied a Chinese newspaper report that it was looking at placing USD 2 billion worth of orders to shipyards in China, saying cutting debt remains its priority. In a statement, CMA CGM said …
Xinhua reported that affected by the continuously slumped international ocean-going market, China ship building industry is having a difficult time with ship delivery of only 4.7 million DWTs in August down by 9%YoY. A report on the website of the National Development and Reform Commission …
The 2012 Budget proposed a reduction of income tax exemption for shipping companies from 100 per cent to 70 per cent of statutory income. The proposal, made in the Budget tabled by Prime Minister Datuk Seri Najib Tun Razak today, will be from year of …
Malaysian companies are urged to devise a long term marketing plan and devote enough resources to enhance exports to Latin America. The Malaysia External Trade Development Corporation (MATRADE) in a statement today said Malaysian companies should enhance their market share now while the market in …