|
Trying times for Asian shipping sector |
|
The Asian shipping industry remains in a
testing economic environment, according to
the Asian Shipowners’ Forum (ASF)
economics review committee.
more
|
|
|
|
Shipping agencies take steps to cope with
slowdown |
|
Shipping agencies in Port Klang have recorded
30% to 40% drop in volume year-to-date against
last year and are implementing strategies to
continue doing business under the current weak
market.
more
|
|
|
|
|
|
|
|
Port Klang Authority
ready to face anything, says chairman
|
|
Port
Klang Authority (PKA) is prepared to face all
eventualities including legal action from any
party, board chairman Datuk Lee Hwa Beng said.
more
|
|
|
|
More shipping
companies hiring "shipriders" against Somali
pirates but legal issues abound
|
|
The few companies that have begun offering armed
escorts say their services have become
increasingly popular since the April
more
|
|
|
|
Q3 cape FFA
rates slump 32%
in a day |
|
The
forward freight agreements (FFA) markets,
particularly for the capesize segment corrected
quite sharply overnight.
more |
|
|
|
Wärtsilä
successfully test runs engines on renewable
fuels |
|
Wärtsilä has successfully performed a number of
tests that demonstrate the ability of its
engines to run on a range of vegetable and
animal-based oils.
more
|
|
|
|
Modification of Bunga Mas Lima into a Navy
Auxiliary Vessel |
|
MISC Berhad, in collaboration with the RMN
and the National Security Council , has
successfully modified its container ship
Bunga Mas Lima into a RMN Auxiliary Vessel
more |
|
|
|
National anti-piracy law in the pipeline |
|
Currently there were no laws specific to
piracy, and pirates caught were charged
under the Penal Code, said Malaysia
Maritime Enforcement Agency head of
northern region Laksamana Pertama Zulkifli
Abu Bakar.
more
|
|
|
|
Tanker catches
fire, no spill say authorities |
A
tanker carrying sludge caught fire off the
waters of Pengerang here Monday, but authorities
say the mishap has not caused any spill
while damage to the ship was
minimal.
more
|
|
|
|
Northport wins
Asia’s best container terminal award |
|
Northport (M) Bhd bagged The Best Container
Terminal Award (Asia) at the Asian Freight and
Supply Chain Awards 2009 held in Hong Kong
recently.
more
|
|
|
|
New US$150mil
shipping fund by year end |
|
SFS Group Public Co Ltd and Kuwait Finance House
Labuan will jointly establish a Shariah
compliant shipping fund with a target fund size
of US$150mil by year-end.
more
|
|
|
|
Tanker sector in the
crisis - a comparative position |
|
The
tanker sector was the last of the three major
shipping sectors -containers, dry bulk and
tanker - to be hit hard by the crisis.
more
|
|
|
|
Baltic Dry in full
reverse |
|
The Baltic Dry Index has lost 36 per cent in the
last one month to reach 1,463, reversing the
rise it saw in the previous month.
more
|
|
|
|
Used ship prices expected to fall |
|
Second-hand ship prices may fall as much as a
third by September as world trade slows and new
vessels enter service, according to Fearnleys
A/S.
more
|
|
|
|
Shipping downturn strands many sailors
|
|
Driving on the West Coast Highway along
Singapore’s port, it’s easy to see the signs of
recession. Cranes that usually move containers
24 hours a day have their booms fixed
up in the air.
more
|
|
|
|
Maritime agency to beef up ops
|
|
The Malaysian Maritime Enforcement Agency will
recruit more personnel as part of efforts to
boost its operations.
more
|
|
|
|
Exports slump 14.9 pct in Dec |
|
Malaysia's exports slumped 14.9 percent year on
year in December, as demand from China, Europe
and the United States declined sharply,
according to official data released Thursday.
more
|
|
|
|
Grand Alliance announces changes to Europe
- Far East
Service
|
|
The member lines of the Grand Alliance, Hapag-Lloyd,
MISC Berhad, NYK and OOCL, have decided to
suspend their EU5 Service between Europe and
Asia with immediate effect.
more
|
|
|
|
Maersk shuts China headquarters |
|
Maersk Line, the world's largest container
shipping firm, has closed its Greater China
headquarters in Beijing and halved the number of
its mainland sub-regional offices to streamline
operations amid slowing demand.
more
|
|
|
|
GL Releases Guide for Ship Lay-Ups
|
|
Germanischer Lloyd
(GL) has developed a guide outlining
major methods and procedures involved
in ship lay-ups.
more
|
|
|
|
Ocean freight rates edge up; recovery fragile
|
|
The Baltic Exchange's chief sea
freight index inched up
on Wednesday but analysts said a
sustainable rally depended on a recovery
in global steel prices.
more
|
|
|
|
Wise move by MISC to cut ship order
|
|
MISC Bhd’s decision to cut by
half its order for eight chemical tankers with
SLS Shipbuilding Co Ltd is considered a smart
move in view of the uncertain demand outlook
this year.
more |
|
|
