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 […]
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 […]
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 […]
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, […]
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 […]
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% […]
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 […]
10 November 2016
It expects to be fully-tenanted by next year PORT KLANG: The Port Klang Free Zone (PKFZ) will be fully-tenanted with an expected rental revenue of RM80mil per annum by next year, according to PKFZ chairman Datuk Tan Chong Seng. Tan was confident that by 2020, PKFZ would be able to hit its rental revenue target […]
14 May 2015
PORT KLANG: All operations at Northport, here, have returned to normalcy with shipment backlogs caused by technical delays expected to be cleared by tomorrow. During a working visit to Northport (Malaysia) Berhad by Investment, Industry and Commerce, Small and Medium Enterprises, and Transportation committee chairman Datuk Teng Chang Khim on Tuesday, the Northport management assured […]
05 September 2014
ONCE renowned the world over as a famed port in the Straits of Malacca, Malacca Port was not only a bustling port, but also the envy of many seafaring nations. The port, located near the mouth of Sungai Melaka, thrived in the 15th century under the Malacca Sultanate. It was considered the Venice of the […]
