Maritime
Monday, May 12, 2008Oil price a boon to Alam Maritim
Alam Maritim Resources Bhd, an oil and gas (O&G) service provider, expects the current high oil price will fast track more oil production and exploration projects.
Straits of Malacca traffic set to increase
The annual traffic volume at the already congested Straits of Malacca is expected to further swell by 42.9% to about 100, 000 vessels in less than a decade, according to Malaysian Shipowners Association (Masa) chairman Nordin Mat Yusoff.
Hammar sees higher sales
Hammar Maskin (M) Sdn Bhd, a leading side loader supplier in Malaysia, is confident that the sales volume this year will exceed last year's figure based on the surge in demand in the first four months of 2008.
Time to give support services a boost
Malaysia needs to beef up its ancillary services supporting the maritime industry as 95% of the nation's trade is carried via ocean.
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