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  Weekly News

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06/01/2009 - 14/01/2009

  Plan for shorter free storage period delayed

The Port Klang Authority (PKA)  has decided to postpone the implementation of the reduced free storage period from five days to three for containers at the port to July 1. more

 Other News

Slower production causes bigger stockpile in warehouses

Logistics firms are experiencing an increase in raw material stockpile in their warehouses as manufacturers have slowed production due to falling demand.  more

 

Shippers yet to bounce back from devastating year

It’s been a devastating year for the US railroads, trucking companies and package shippers – the companies on the “front lines” of the economic recession. more



 
Demands for better and higher quality shipping services
It has been very clear within Intercargo for some time that what we will undoubtedly see in the coming years – irrespective of any changes in the market, will be a flight towards Quality.  more
 
Malaysia's Outlook for External Trade Remains Bouyant 
Malaysia's external trade is expected to remain bouyant this year with continued global economic expansion, according to the Ministry of International Trade and Industry (MITI). more  
 
Reduction of Free Storage at Port Klang Deferred to Jan 2009 
There was a time, some 30 years ago, when containers arrived at Port  Klang on ships from Southampton journeying about 30 days. more  
 
Bintulu Port expands tank farm facilities 
In anticipation of increasing demand
for and to fulfill the customers’ expectations, Biport Bulkers Sdn Bhd, has embarked on the construction of additional 24 storage tanks to handle growing volume of bulk cargoes at Bintulu Port, Sarawak. 
more  
 
Government Revamps SME Corporation
Small and medium enterprises in Malaysia can look forward to be better served with the formation of the new SME Corporation Malaysia (SME Corp) beginning 2 January 2009, following a revamped of the Small and Medium Industries Development Corporation (Smidec). more 
 
Malaysian ports invest RM6 billion   

Major ports in Malaysia are  investing more than RM6 billion over the next few years to further expand their capacities and improve the cargo handling facilities and services.

more  

 
Government Revamps SME Corporation 
Small and medium enterprises in Malaysia can look forward to be better served with the formation of the new SME Corp beginning 2 January 2009, following a revamped  of the Smidec. more 
 
 
The shipping industry foresee difficult times ahead

With the prevailing economic and financial crisis causing adverse repercussions on the equity and commodity markets, consumer confidence has waned rapidly.

more

 
INTERTANKO dismay at Hebei Spirit verdict 
INTERTANKO has expressed its extreme dismay and disappointment with the Judgment of the Appellate Division of the Daejeon District Court announced on 10 December in Korea. more  
 
MISC announces new dedicated Asia/South Africa Service
The new service rotation will include the Port of Tanjung Pelepas plus other ASEAN outports and provide customers with significant additional capacity. more
 
Gulf work boat demand remains strong
Despite the Wall Street “meltdown” and the recent 60 percent drop in  the price of oil, the demand for work boats, tugs and offshore service vessels remains strong in the Arabian Gulf. more  
 
Grand Alliance announces changes to their South China - US East Coast Service
The Grand Alliance carriers today announced a revised Asia-US East Coast service, which will include the New World Alliance lines. more  
 
New M'sian ports and shipping services directory out after March 

The Malaysian Ports and Shipping Services Directory 2009/2010,      which will feature comprehensive information on shipping services linking the Malaysian ports to over 270 ports worldwide, will be released after the first quarter next year. 

more

 
Northport’s Largest Port Development Project in Progress

The port expansion involves the

re-development of a multi purpose into a dedicated container terminal

Berth 8A as well as acquisition of three super post-panamax long    range cranes and related landside development. more

 
A special presentation on the Canadian Asia-Pacific Gateway & Corridor Initiative
A special presentation aimed at strengthening the trade and transportation network in Canada  and to market it as the best network facilitating global supply chains between North America and Asia,  will be held for the trading and transport communities in Malaysia. more  
 
 
   
             

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