March 2, 2009

The Star MARITIME

Swee Joo adds two tankers

Swee Joo Bhd will take delivery of two new chemical tankers, the 12,700-tonne Asia Success and 7,000-tonne Asia Bright, between mid this month and early April, a company official told StarBiz.

March 2, 2009

The Star MARITIME

Scomi Marine to buy more vessels

Scomi Marine Bhd’s long-term fleet expansion programme is expected to benefit from the current drop in vessel prices and the company is looking to acquire more vessels than it had actually planned for, said president Mukhnizam Mahmud.

February 23, 2009

The Star MARITIME

Maritime agency to beef up ops    

The Malaysian Maritime Enforcement Agency will recruit more personnel as part of efforts to boost its operations.     

February 16, 2009

The Star MARITIME

Maritime financing seminar in KL next week         

OCBC Bank (M) Bhd and Maritime Institute of Malaysia (MIMA) will co-organise a maritime financing seminar with the aim of providing a platform for stakeholders in the ship financing sector to exchange information on developments in the industry and the issues facing it.

February 16, 2009

The Star MARITIME

New PKA initiatives
Although the current business environment in Port Klang is less robust due to the decline in trade amid the economic slowdown, the Port Klang Authority (PKA) is busy trying to overcome the situation and be more competitive by coming up with new initiatives.

February 6, 2009

The Star MARITIME

MISC denies defaulting payment for bunker fuel
MISC Bhd has denied the allegation that it has not made payment for its bunker fuel supply that could lead to the arrest of some of its vessels.

February 2, 2009

The Star MARITIME

Rampant piracy attacks push up premiums
The rampant piracy attacks in the Gulf of Aden have caused a hike in shipping insurance premiums for vessels plying that area.

January 26, 2009

The Star MARITIME

BDI shows early signs of recovery
The Baltic Dry Index (BDI) has shown nascent signs of revival, rising 8.9% over the last three trading days to Friday on stronger booking demand for iron ore and coal transportation to China prior to the Chinese New Year.

January 19, 2009

The Star MARITIME

Striking the right balance
The shipping downturn will narrow the gap between the supply and demand of seafarers, according to the Malaysian Maritime Academy (Alam).

January 19, 2009

The Star MARITIME

Drop in crude tanker demand
Demand for crude tanker shipping is expected to contract by 13% this year as the Organisation of Petroleum Exporting Countries (Opec) cuts oil production.

January 12, 2009

The Star MARITIME

Survival of the fittest
The local maritime industry is expected to sail in choppy waters this year as global trade continues to decline.

January 12, 2009

The Star MARITIME

Hauliers gearing up for greater efficiency
Association of Malaysian Hauliers (AMH) is working towards greater efficiency to prepare for the reduction in the free storage period from five days to three for containers at Port Klang effective July 1.

January 05, 2009

The Star MARITIME

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.

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