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Northport, Shin Yang and Harbour-Link form strategic alliance Westports on RM10bil expansion Westports receives govt nod for container terminal expansion Ports of Pasir Gudang, Tg Pelepas on track to hit container volume target Bintulu Port wins jobs from oil majors
 
northport

Northport, Shin Yang and Harbour-Link form strategic alliance

Northport (Malaysia) Bhd, Shin Yang Shipping Sdn Bhd and Harbour-Link Group Bhd have signed a memorandum of understanding (MoU) to firm a strategic alliance called The East Malaysia Network or TEAM Network. MMC Corporation Bhd said in a statement the MoU was aimed at achieving economies of scale through the sharing of resources such as […]

Westports on RM10bil expansion

Westports on RM10bil expansion

Westports Holdings Bhd is expected to invest up to RM10bil to double its container-handling capacity and the company will tap the bond market to partly finance this plan. Sources told StarBiz that Westports, the largest port operator in the country, was considering options from the debt market such as sukuk and other forms of borrowings […]

westport terminal expansion

Westports receives govt nod for container terminal expansion

Westports Holdings Bhd’s subsidiary, Westports Malaysia Sdn Bhd, has received an approval-in-principle (AiP) from the Government to expand its container terminal facilities from CT10 to CT19, which is an extension from the current CT1 to CT9 development. “With the AiP, the company will now commence and undertake the various studies required before finalising the terms […]

PTP

Ports of Pasir Gudang, Tg Pelepas on track to hit container volume target

The Pasir Gudang Port and Tanjung Pelepas Port are on track to achieve their target of handling container volume of 9.5 million 20ft equivalent units (TEUs) this year. Johor Port Authority (JPA) general manager Muhammad Razif Ahmad said both ports, which were being managed by the JPA, recorded container volume of 9.2 million TEUs in […]

BPSB

Bintulu Port wins jobs from oil majors

KUCHING: Bintulu Port Holdings Bhd (BPHB) has secured contracts from major oil and gas (O&G) companies as the company expands its port business to provide base support services for the O&G industry. Wholly-owned subsidiary Bintulu Port Sdn Bhd has won a five-year contract each from Petronas Carigali Sdn Bhd and Petronas Floating LNG as well […]

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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Revenue up: Westports recorded higher revenue of RM474.4mil in the third quarter compared to RM400.8mil in the corresponding quarter last year.

Westports profit gets a lift

11 November 2016

Q3 earnings buoyed by higher container throughput, tariff revision PETALING JAYA: Westports Holdings Bhd’s net profit for the third quarter ended Sept 30 soared to RM151mil, reflecting a jump of 16.15% from a year ago buoyed by healthy container throughput growth and a revision in container tariff. According to Westports, container throughput increased by 9% […]

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westports3aug15

CIMB Research retains Hold for Westports, ups target price

11 November 2016

KUALA LUMPUR: Westports Holdings nine-month to September 2016 core net profit was in-line at 77% of CIMB Equities Research’s forecasts. It said on Friday the factors for the 21% increase in core profits on-year were due to strong volume growth of 8% on-year and last November’s 15% gateway tariff hike. “While Westports is outperforming many […]

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