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MARC sees Northport incurring RM823m in capex over 3 years Giant Carey Island port in the works Bintulu Port awards RM14.19m stevedoring contract Kuantan Port ready to handle bauxite shipments Sabah Ports may need RM1.5b over 2 to 3 years, says RAM Ratings
 
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MARC sees Northport incurring RM823m in capex over 3 years

KUALA LUMPUR: Malaysian Rating Corporation (MARC) sees Northport (Malaysia) Bhd incurring over RM823mil in capital expenditure (capex) over the next three years to replace its equipment and repair existing infrastructure. It said on Tuesday that as at July 31, 2016, Northport’s interim finance-to-equity ratio (FER) stood at 0.35 times (January-July 2015: 0.33 times). Assuming the […]

End of the day: Several ships plying the Malacca Strait in the background as a couple takes in the sunset on a beach in Carey Island.

Giant Carey Island port in the works

PETALING JAYA: Northport. Westport. And next up is Carey Island, a massive port-industrial city project, with infrastructure investments of more than RM200bil covering an area of over 100sq km – more than twice the size of Putrajaya. This giant new port will also be able to handle more cargo than the two existing ports combined. […]

bintuluPort

Bintulu Port awards RM14.19m stevedoring contract

KUALA LUMPUR: Bintulu Port Holdings Bhd has awarded a RM14.19mil contract to Blessed General Contractor Sdn Bhd to provide stevedoring services. The ports operator said on Wenesday its units Bintulu Port Sdn Bhd had issued the letter of acceptance to the contractor to provide the services over 36 months. Howewer, it also had a clause […]

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Kuantan Port ready to handle bauxite shipments

KUANTAN: Kuantan Port Consortium Sdn Bhd (KPC) is ready to handle bauxite shipments if the government lifts the moratorium on mining in the state on Dec 31. “KPC has spent a lot of money on improving facilities to ensure the situation does not go back to what it was,” said chief executive officer Datuk Khasbullah […]

Sapangar Bay Container Port

Sabah Ports may need RM1.5b over 2 to 3 years, says RAM Ratings

KUALA LUMPUR: Sabah Ports Sdn Bhd may need up to RM1.5bil over the next two to three years to transform Sapangar Bay Container Port into a transshipment hub, says RAM Rating Services. The ratings agency said on Friday the plan, mooted by the state and federal governments, might boost Sabah Ports’ profile from a hinterland-based […]

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MARC sees Northport incurring RM823m in capex over 3 years

10 January 2017

KUALA LUMPUR: Malaysian Rating Corporation (MARC) sees Northport (Malaysia) Bhd incurring over RM823mil in capital expenditure (capex) over the next three years to replace its equipment and repair existing infrastructure. It said on Tuesday that as at July 31, 2016, Northport’s interim finance-to-equity ratio (FER) stood at 0.35 times (January-July 2015: 0.33 times). Assuming the […]

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End of the day: Several ships plying the Malacca Strait in the background as a couple takes in the sunset on a beach in Carey Island.

Giant Carey Island port in the works

09 January 2017

PETALING JAYA: Northport. Westport. And next up is Carey Island, a massive port-industrial city project, with infrastructure investments of more than RM200bil covering an area of over 100sq km – more than twice the size of Putrajaya. This giant new port will also be able to handle more cargo than the two existing ports combined. […]

Read the full story

bintuluPort

Bintulu Port awards RM14.19m stevedoring contract

07 December 2016

KUALA LUMPUR: Bintulu Port Holdings Bhd has awarded a RM14.19mil contract to Blessed General Contractor Sdn Bhd to provide stevedoring services. The ports operator said on Wenesday its units Bintulu Port Sdn Bhd had issued the letter of acceptance to the contractor to provide the services over 36 months. Howewer, it also had a clause […]

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Kuantan Port ready to handle bauxite shipments

05 December 2016

KUANTAN: Kuantan Port Consortium Sdn Bhd (KPC) is ready to handle bauxite shipments if the government lifts the moratorium on mining in the state on Dec 31. “KPC has spent a lot of money on improving facilities to ensure the situation does not go back to what it was,” said chief executive officer Datuk Khasbullah […]

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Sapangar Bay Container Port

Sabah Ports may need RM1.5b over 2 to 3 years, says RAM Ratings

02 December 2016

KUALA LUMPUR: Sabah Ports Sdn Bhd may need up to RM1.5bil over the next two to three years to transform Sapangar Bay Container Port into a transshipment hub, says RAM Rating Services. The ratings agency said on Friday the plan, mooted by the state and federal governments, might boost Sabah Ports’ profile from a hinterland-based […]

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New O&G centre: Noormustafa posing with a scale model of the port servicing the oil and gas industry. The project is expected to generate demand for port services.

Work on Malacca port starts in 2017

28 November 2016

T.A.G Marine with Chinese investors will build the RM12.5bil hub SHAH ALAM: Construction of the RM12.5bil Kuala Linggi International Port (KLIP) in Malacca will begin in the first quarter of next year. T.A.G Marine Sdn Bhd managing director Datuk Wira Noormustafa Kamal Yahya hoped the port servicing the oil and gas industry would attract more […]

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malacca oil

With US$3bil port, Malacca eyes slice of shipping giant Singapore’s pie

24 November 2016

KUALA LUMPUR: Once at the heart of the global spice trade, Malacca is pumping nearly $3 billion into an ambitious plan to put itself in demand in a different hot commodity – oil. The Malaysian state is reclaiming land along the Straits of Malacca to build a port that can handle the biggest tankers on […]

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Kemaman Port will undergo a massive multi-billion ringgit facelift to cater for the demands of the oil, gas shipping and tourism industries in Terengganu. Menteri Besar Datuk Seri Ahmad Razif Abdul Rahman said several foreign investors are keen to assist the peninsular east coast state to develop its main port into a sprawling entity to boost its economy.

Kemaman Port set for a major, multi-million ringgit expansion

22 November 2016

KEMAMAN: Kemaman Port will undergo a massive multi-billion ringgit facelift to cater for the demands of the oil, gas shipping and tourism industries in Terengganu. Menteri Besar Datuk Seri Ahmad Razif Abdul Rahman said several foreign investors are keen to assist the peninsular east coast state to develop its main port into a sprawling entity […]

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bintuluport

Bintulu Port pre-tax profit rises to RM48.93m

21 November 2016

KUALA LUMPUR: Bintulu Port Holdings Bhd’s pre-tax profit rose to RM48.93 million in the third quarter ended Sept 30, 2016 from RM41.19 million a year earlier. Revenue was slightly higher at RM138.43 million in the period from RM130.79 million previously, the company said in a filing with Bursa Malaysia on Monday. For the nine months, […]

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Liow: Port Klang’s ranking set to rise

15 November 2016

PORT KLANG: Malaysia’s very own port here – the 12th largest container port in the world – is set to improve its ranking following strong double-digit percentage point growth this year, says Transport Minister Datuk Seri Liow Tiong Lai (pic). He said Port Klang had achieved 11.3% growth with 9.8 million in twenty-foot equivalent units […]

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