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Maritime
MISC to sail out of choppy waters
IT will get worse before it gets better. That pretty much sums up what MISC Bhd, the world’s single-largest owner-operator of liquefied natural gas (LNG) tankers, has experienced when its recent ballooning losses caught everybody by surprise.
Attractive remuneration and job satisfaction will attract the best brains
WORKING behind the scenes amid the dazzling array of behemoth ships, towering port cranes, stacks of containers and huge cargo loads, workers in the maritime sector and along the maritime supply chain play a key role in ensuring goods and raw materials are transported from producers to consumers smoothly and in a cost competitive manner.
New plans by Bintulu Port
KUCHING: Bintulu Port Holdings Bhd (BPHB) is eyeing new business related to the oil and gas industry when Bintulu Port’s free commercial zone (FCZ) is operational before year-end.
Century plans major expansion
PORT KLANG: Century Logistics Holdings Bhd will expand its logistics capacity by almost 100% by the first quarter of next year once its two new facilities in Port Klang and Tanjung Pelepas come onstream.
Petronas: Construction of Rapid complex will create 50,000 jobs
KUALA LUMPUR: The multi-billion ringgit refinery and petrochemical integrated development (Rapid) project in Pengerang and its spin-off activities will create thousands of jobs during the peak of its implementation.
Hub for global oil traders
PETALING JAYA: Tanjung Bin Petrochemical and Maritime Centre (TBPMC), which will cost about RM2.4bil, is set to play a vital role in transforming south Johor into an oil and gas (O&G) hub, supported by other major developments in the area.
Tanker hijacked off W. Africa freed
LAGOS: A tanker hijacked off the west African nation of Togo has been freed with its crew unharmed but with cargo stolen, the ship’s operator said.
Baltic Dry Index strengthens as demand picks up
PETALING JAYA: The Baltic Dry Index (BDI), a barometre of rates to ship dry commodities, continues to gradually strengthen to date as demand slowly recovers.
Vehicle for OSV owners
THE launching of the Malaysian Offshore Support Vessels Owners Association (OSV Malaysia) in February brings to attention the issues and challenges faced by the local offshore support vessels (OSV) sector.
Yinson to build Vietnam warehouse
JOHOR BARU: Yinson Holdings Bhd will be starting the construction of the warehouse facilities at Vietnam’s PTSC Phu My Port in the third quarter this year.
7.3% rise in Penang Port cargo
GEORGE TOWN: Penang Port Sdn Bhd (PPSB) handled 298,552 twenty-foot-equivalent units (TEUs) of container cargo at the North Butterworth Container Terminal (NBCT) for the first quarter of this year. This represents an increase of 7.3% over the previous corresponding period. The target set was for a 4% increase.
STX France loses ship order from Viking River Cruises
SAINT-NAZAIRE: Shipbuilder STX France said Norway’s Viking River Cruises withdrew an order for two luxury cruise ships last Thursday, in a major blow to an already struggling industry.
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