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By Jailani Hasan
LABUAN, Oct 16 (Bernama) -- The Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah Section has welcomed Sabah Industrial Development, Entrepreneurship and Transport Ministry’s positive response to its proposal to explicitly include logistics in the planned Sabah Sustainable Transport Masterplan.
LABUAN, Oct 15 (Bernama) -- Sabah Customs has decided to discontinue the arrangement allowing Labuan-bound cargo and containers to transit through Kota Kinabalu Port for onward delivery to the island by road and ferry.
KUALA LUMPUR, Oct 13 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) wholly owned subsidiary, LFG Cengal Ltd, has acquired a bulk carrier, named LFG Cengal, for a total cash consideration of US$23 million (RM93.9 million) from an unrelated third party.
KUALA LUMPUR, Oct 12 (Bernama) -- Tax incentives for Malaysian shipping companies are proposed to be reviewed to contribute to the growth of Malaysian shipping fleet and reduce dependence on foreign vessels as well as enhance the inflow of ship freight revenue into Malaysia in the long term.
PUTRAJAYA, 12 Okt (Bernama) -- A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said.
KUALA LUMPUR, Oct 11 (Bernama) -- Budget 2027’s extension of the income tax exemption and fixed stamp duty rates on ship financing is expected to ease financing constraints for Malaysian shipowners facing stringent collateral requirements and mismatches between loan tenures and ships’ useful lives.
KUALA LUMPUR, Oct 10 (Bernama) -- Malaysia should establish a green shipping corridor to accelerate the maritime industry’s transition towards greener operations through closer coordination between the government and industry players, said an expert.
KUALA LUMPUR, Oct 7 (Bernama) -- Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has priced US$1.458 billion (US$1=RM4.08) in bonds to refinance its Agogo floating production, storage and offloading (FPSO) vessel off the coast of Angola.
KUALA LUMPUR, Oct 6 (Bernama) -- MISC Group has chartered its latest new-generation liquefied natural gas (LNG) carrier, Th'ailib, to QatarEnergy for 15 years, starting this year.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Oct 1 (Bernama) -- Malaysia has been urged to recognise marine food security and marine pollution prevention as a matter of national resilience and economic priority in Budget 2027.
KUALA LUMPUR, Sept 29 (Bernama) -- The Ministry of Transport (MOT) will be the single lead agency to approve bunkering licences and related permits starting Feb 1, 2027, said its Minister Anthony Loke Siew Fook.
KUALA LUMPUR, Sept 29 (Bernama) -- The proposed extension of the East Coast Rail Link (ECRL) to Rantau Panjang, Kelantan, will create new opportunities for Malaysia to strengthen regional connectivity, particularly following the opening of China's Pinglu Canal, said Transport Minister Anthony Loke Siew Fook.
