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LABUAN, July 29 (Bernama) -- Megah Port Management Sdn Bhd (MPM) today officially commenced its marine services at Labuan Port, backed by the acquisition of four tugboats worth RM23 million.
KUALA LUMPUR, July 24 (Bernama) -- Maritime company MISC Bhd is projected to deliver a three-year earnings compound annual growth rate (CAGR) of 12 per cent, driven by 19 asset additions and stronger contributions from fully owned liquefied natural gas (LNG) carriers, according to AmInvestment Bank Research.
KUALA LUMPUR, July 22 (Bernama) -- Orkim Bhd’s wholly-owned subsidiary, Orkim Ambition Sdn Bhd, has entered into a Memorandum of Agreement with ALLContinents International Shipping Ltd for the proposed acquisition of an IMO Type II oil/chemical tanker for 157 million renminbi (about RM94.88 million).
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, July 22 (Bernama) – Market intelligence company Kpler’s senior crude oil analyst Muyu Xu has warned that crude oil prices can climb above US$100 per barrel and even spike to US$120 due to acute supply constraints if the war between the United States and Iran in West Asia persists for another one or two weeks.
By Siti Radziah Hamzah & Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, July 21 (Bernama) -- The ringgit opened flat against the US dollar but mostly higher against other major currencies on Tuesday, supported by Malaysia’s strong economic data, which helped cushion the impact of heightened global market volatility.
KUALA LUMPUR, July 15 (Bernama) -- The government is reminding the public and businesses not to become complacent or underestimate the economic and supply chain impacts following Iran's declaration of the renewed closure of the Strait of Hormuz.
KUALA LUMPUR, July 15 (Bernama) -- Countries bordering the Strait of Melaka must embark on a multinational defence cooperation by conducting stress tests and simulations in the strait to better prepare for potential geopolitical crises, an analyst said.
By Abdul Hamid A Rahman
KUALA LUMPUR, July 13 (Bernama) -- The ringgit ended higher against major and regional currencies, including the US dollar, on Monday amid continued geopolitical uncertainties in West Asia.
By Harizah Hanim Mohamed
KUALA LUMPUR, July 13 (Bernama) – Ports, shipping lines and cargo owners are now confronting the formidable task of restoring global supply chains and clearing a backlog of vessels and cargo built up during months of conflict in and around the Strait of Hormuz, a process that industry players say could take weeks or even months.
KUALA LUMPUR, July 13 (Bernama) -- The ringgit opened slightly lower against the US dollar on Monday amid uncertainties over the free flow of vessels through the Strait of Hormuz and the resilience of the United States economy, an analyst said.
By Siti Radziah Hamzah
KUALA LUMPUR, July 7 (Bernama) -- Asia Pacific (APAC) offshore spending remains broadly stable post-West Asia conflict, with Southeast Asia (SEA) estimated to see a 12 per cent increase in greenfield capital expenditure (capex) to more than US$100 billion (US$1 = RM4.08), reflecting stronger prioritisation of new offshore developments, said Hong Leong Investment Bank Bhd (HLIB) today.
KUALA LUMPUR, July 7 (Bernama) -- The cultural exchange event, Encounter & Insight: Dialogue Between Ningbo, China and Colombo, Sri Lanka, brought together representatives from the two port cities to discuss integrated port-city development and bilateral economic and trade connectivity.
