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Weekly News |
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17/02/2010 -
24/02/2010 |
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Over-capacity, low
freight rates put shipping sector
in troubled waters
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With the
shipping industry still sailing in troubled
waters, Fitch Ratings has taken a negative
outlook on it for the year 2010.
more
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Japanese Ship Orders
Rise for Second Straight Month
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After
falling for 14 months in a row, Japanese export
ship orders rose for the second consecutive
month in January on a year-on-year basis.
more
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Muhyiddin wants all
maritime units under one roof |
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Deputy Prime Minister Tan Sri Muhyiddin Yasin
wants all maritime units in various department
and agencies to be absorbed into the APMM.
more |
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Shamsul appointed
MISC chairman |
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New Petronas CEO Datuk Shamsul Azhar Abbas has
been appointed chairman of Malaysia’s largest
shipowner MISC.
more |
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Swettenham Pier to
undergo further expansion
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The
Penang Swettenham Pier International Cruise
Terminal will undergo further expansion in the
coming months. more
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Breakbulk: Operators, Fleets, Markets |
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However, it should not be overlooked that it was breakbulk vessels
carrying the out-of-box-gauge machinery to the
new production centers that allowed the China
Factor to actually take off.
more |
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MISC to seek damages
after US appeal win |
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MISC is to
seek $500,000 in damages from Equatorial Marine
Fuel Management Services after a US Court ruled
the bunker supplier had no right to arrest one
its vessels. more
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Bulk Shipping Costs to Jump 54% From 2009 |
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China
Cosco Holdings Co., the world’s largest operator
of dry-bulk vessels, said the Baltic Dry
Index of commodity shipping rates will
jump as much as 54 percent this year from
2009’s levels.
more
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Tugboat and barge
held
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The
Malaysian Maritime Enforcement Agency's Tanjung Sedili enforcement chief
Abdul Hadib Abd Wahab said the Maritime
Operations Centre received information on the
barge’s illegal activities near Tanjung Stapa,
here, on Saturday.
more
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China port faces
worst ice threat in 30 years |
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A
northern China port that is one of the world's
largest was facing the worst ice conditions in
30 years Saturday, and icebreaking ships were
working to keep the path to it open.
more |
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Port operators see
volume growth |
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The
country’s major port operators are optimistic of
registering volume growth this year as volume
has been picking up since the third quarter of
last year, reflecting green shoots of economic
recovery.
more
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Dry-Bulk Shipping:
All Eyes on the Horizon |
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With rates
for their services reaching levels not seen
since before the crash, dry bulkers will likely
post strong profit and cash-flow numbers when
they go public with their quarterly results
later in February. more
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State-of-the-art
warehouse helps speed up distribution |
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The
RM290mil state-of-the-art distribution centre
built and operated by GCH Retail Malaysia
Sdn Bhd, aims to reduce logistics costs for its
suppliers substantially.
more |
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48 illegals
hiding in
ferry compartment detained |
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About
50 illegal immigrants, including a pregnant
woman, were found squeezed in a narrow
compartment inside a passenger ferry engine room
in an attempt to flee the country.
more
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Bangladesh
keen to
make Penang Port its sister port |
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Bangladesh is keen to make the Penang port
its sister port as part of efforts to
enhance trade and relationships between the two nations, its
Minister of Shipping, Shahjahan Khan, said.
more
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Don't think the
tanker industry is complacent |
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While
tanker shipping continues to deliver
ever-improving performance, the tanker industry
is definitely not complacent and is wedded to
maintaining its aims to develop and adopt best
practices in shipping
more
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Mixed views on
shorter container storage period |
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Industry players have mixed views on the
reduction of free storage period for
full-container load at Port Klang to three days
from five that came into effect on Jan 1.
more
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Baltic index drops,
capesize market pressured |
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The
Baltic Exchange’s main sea-freight index, which
tracks rates to ship dry commodities, fell
further on Thursday pressured by slower interest
for the larger capesize vessels.
more
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PKA adopts
whistle-blower policy to tackle abuses in PKFZ |
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PKA board will
implement the whistle-blower policy in the PKA
and PKFZ to curb
corruption and other abuses.
more |
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