LNG ship surplus likely as fleet growth beats output LONDON: The liquefied natural gas (LNG) market may have a surplus of ships in 2014 and 2015 as new vessels join the fleet faster than production plants are completed, according to Hoegh LNG AS, owner of seven carriers.
Westports looks beyond Malaysian waters PORT KLANG: Westports Malaysia Sdn Bhd (Westports), operator of the country's busiest port, is looking at the overseas market to expand its business beyond Malaysia via partnerships.
It's now 5 times a week between KL and Kathmandu KUALA LUMPUR: Malaysia Airlines (MAS) has increased its services between Kuala Lumpur and Kathmandu to five weekly from thrice, operating on Mondays, Tuesdays, Wednesdays, Thursdays and Fridays.
Air cargo slowdown puts squeeze on specialist carriers LONDON: Dedicated air-freight operators are struggling to remain viable as a sluggish economy undermines their ability to compete with the cargo space on offer from carriers focused on the more buoyant passenger market.
MAS buys 36 ATR aircraft NATIONAL carrier Malaysia Airlines (MAS), which is expanding operations of its units Firefly and MASwings, has purchased 36 new ATR 72-600 aircraft worth RM3 billion.
MASkargo makes unique 'airport to door' delivery Malaysia Airlines Cargo Sdn Bhd (MASkargo), the air cargo division of Malaysia Airlines, transported two out of six motor ball valves, weighing 22 tonnes each, from Frankfurt to Kuching last Tuesday.
IATA warns of fuel price spike The loss of some refinery capacity due to the earthquake in Japan could lead to higher jet fuel prices, says International Air Transport Association (IATA).
Japan eases fears among shipping lines SINGAPORE/TOKYO: Japan's transport ministry sought to ease growing fears among global shipping lines on the safety and insurance issues of operating in Tokyo Bay, saying radiation at the country's largest ports were at "very safe" levels.
Penang Port setto grow in stature AN automotive logistics hub to be built on mainland Penang for RM630 million is set to raise Penang Port's profile as a transportation and logistics hub.
Getting more out of logistics sector KUALA LUMPUR: Asean members have embarked on an initiative to better integrate their logistics services, thus opening a window of opportunity for Malaysia to expand or gain access into regional markets.
CMA-CGM hopes fora repeat performance The CMA-CGM Group expects to grow its container volume in Port Klang between 12 per cent and 13 per cent again this year, if everything goes reasonably well.
'Stop blaming Cabotage Policy' Local shipowners have called on shippers to stop blaming a 28-year-old national policy that allows only Malaysia-flagged shipping lines to carry cargo between domestic ports, for the higher cost of goods in Sabah and Sarawak.
Busy months ahead for shipyards Malaysia's shipyards are expected to remain busy until mid-2009, fulfilling contracts awarded during the past few years, said Lloyd's Register (LR).
SAM makes its mark in aviation DURING the recently-concluded 12th edition of the Singapore Air Show at the Changi Air Base, the event's clear star was Boeing's much-delayed 787 (dubbed by many as the 7-late-7).
Euroala to start JetFox production in Q4 KUALA LUMPUR: Euroala Industries Sdn Bhd, which has bought the design and technology of Ita-lian light aircraft JetFox, expects to start production of four aircraft per month in the fourth quarter, said its chairman Tun Dr Mahathir Mohamad.
PKA awaiting cabinet nod for third port KLANG: The proposed third port, to complement the existing Northport and Westports, is currently awaiting cabinet approval, Port Klang Authority chairman Datuk Dr Teh Kim Poo said.
Firefly receives third B737-800 for KK route KOTA KINABALU: Firefly, a community airline subsidiary of Malaysia Airlines (MAS), has taken delivery of a third Boeing 737-800 aircraft to be stationed here, officially marking the start of Kota Kinabalu as its eastern hub.
Singapore Airlines takes bold gamble SINGAPORE: Singapore Airlines' decision to launch a long-haul budget carrier is a risky but necessary gamble as it comes under growing pressure at both ends of the market, aviation analysts said.
Backing for plan to accredit logistics firms The Federation of Malaysian Freight Forwarders (FMFF) has agreed in principle to introduce accreditation to players in the logistics industry, in an effort to raise the quality of freight forwarders in the country.
Port Klang retains status as busiest container port Port Klang, comprising Northport and Westports, has retained its title as the country's busiest container port in the first half of this year, with a 48.3 per cent share of the total number of containers handled by all Malaysian ports.
Upbeat outlook on halal logistics Container haulier and logistics service provider Kontena Nasional Bhd expects its halal logistics division to contribute between RM7 million and RM8 million, or about 5 per cent, to annual revenue from this year.
Plenty more to do to develop green shipping The International Maritime Organisation (IMO) is a special United Nations agency responsible for the safety and security of shipping and the prevention of marine pollution by ships.
PosLaju to make 'house calls' POS MALAYSIA Bhd's courier strategic business unit, PosLaju plans to cater to more contractual customers to maintain its position as a front runner in the local courier business.
MASkargo makes Baku a hub KUALA LUMPUR: MASkargo Sdn Bhd, the air cargo unit of Malaysian Airline System Bhd (MAS), has made Baku in Azerbaijan as its hub to expand its market reach in the Commonwealth of Independent States region and Russia.
Penang Port returns fire at shipping lines Penang Port Sdn Bhd (PPSB) is throwing the ball back into the court of international shipping lines who have slammed the terminal operator for not penalising shippers that overload their cargo containers on a vessel.
DNV to classify Nam Cheong vessels The Miri-based firm has inked a contract to partner the classification society to ensure its offshore support vessels will be fit and acceptable for any trade in any part of the world
Rising trade strains Malaysia's top ports Malaysia's growing international trade is putting a strain on main ports, with delays in cargo handling being reported despite an increase in throughput volume, according to a business report on Malaysia.
Ship glut to weigh on dry bulk sector LONDON: An oversupply of ships will continue to weigh on overall prospects for the dry bulk industry in 2011 despite an expected pick-up in rates for smaller vessels later this year, ship industry officials said on Thursday.
Dream come true for Boeing WASHINGTON: Boeing's new 787 Dreamliner won approval from US and European Union regulators last Friday, setting the stage for the first delivery of the aircraft to Japan's ANA after three years of production delays.
Westports Q1 container volume jumps 20pc KUALA LUMPUR: Port operator Westports Malaysia Sdn Bhd posted a 20 per cent jump in container volume for the first quarter of the year compared to the same period in 2010.
747-8 Intercontinental will sell well, says Boeing EVERETT (Washington): Boeing says its largest ever passenger plane, the 747-8 Intercontinental, which is also touted to be the most fuel-efficient in the world, is on schedule for delivery by the year-end and will "sell well".
'Re-engine' plans for Boeing, Airbus WASHINGTON: Boeing Co and Airbus are about to roll the dice on plans to update their single-aisle planes, probably reaching different conclusions and possibly tipping the balance of sales in the narrow-body market.
Germans consider use of biofuel in aircraft Airlines in Malaysia, which have been pioneering the development of biofuel, might be interested to know that German experts are "actively considering" the use of biofuel in aircraft.
Port switching to paperless billing from Sept 1 JOHOR BARU: Effective September 1, Port Tanjung Pelepas (PTP) is switching to paperless billing, a move that will save it more than 100,000 sheets of paper annually, the port operator said in a statement.
Profits fall as airlines face fresh turbulence SINGAPORE: Hefty falls in earnings for aviation giants Singapore Airlines and Emirates are the clearest signs yet of fresh turbulence just three years after the 2008 financial crisis wreaked havoc, analysts said.
Flying has never been so good On the most profitable international routes, high flyers are being treated with preflight champagne, flat-screen TVs and seats that turn into beds. Flight attendants greet them by name, hang up jackets and serve meals on china.
Haulage charges set to go up KUALA LUMPUR: The Association of Malaysian Hauliers (AMH) will raise its haulage tariff guidelines by 20 per cent, effective June 1.
Konsortium Logistik eyes more vessels LOGISTICS provider Konsortium Logistik Bhd (6157) plans to buy four vessels between this year and next in an effort to provide consistent service to its customers.
Container traffic up in first 10 months Malaysian ports handled 16.6 per cent more containers in the first 10 months of this year compared with the same period in 2009, reflecting a recovery in both domestic and transhipment cargo.
Penang Port aims to handle more cargo Penang Port Sdn Bhd aims to double the volume of cargo handled from the one million 20-foot equivalent units (TEUs) it looks on course to achieve this year.
Landbridge gets itself ready for better times The container haulage operator, which started its operation in March this year, is investing in 20 Mercedes-Benz prime movers, 100 trailers, a depot building and haulage software system
Century Logistics looking at Indonesia Century Logistics Holdings Bhd (7117) expects contribution from its overseas ventures in Thailand, India and China to account for a third of its revenue in three years.
New facility set to double CEVA’s business CEVA Logistics, one of the leading global supply chain companies, will launch its latest 32,516 sq m warehouse in Selangor soon, and expects the new facility to double its business in Malaysia by 2010.
Initial works on permanent LCCT to begin soon Malaysia Airports Holdings Bhd (MAHB) (5014), which manages all the airports in Malaysia, said initial works for the permanent low-cost carrier terminal (LCCT) in Sepang will start next month.
Profit growth goal revised upwards MULTIMODAL freight service provider Freight Management Holdings Bhd (FMHB) (7210) expects net profit to grow by up to 20 per cent in the current fiscal year, aided by growth from all divisions except rail freight services and cost and margin improvements.
Port Klang container, cargo throughput down Container traffic through Port Klang, the country's busiest container port, fell by 8.3 per cent last year, as the global economic downturn continues to hurt the country's exports.
Freight derivatives trade loses appeal SINGAPORE: Freight derivatives are falling out of favour as traditionally conservative ship owners and brokers back out of the sort of speculation on volatile freight rates that has just claimed its highest-profile victim.
TNT Express aims to triple revenue TNT Express Worldwide (M) Sdn Bhd, a subsidiary of Netherlands-based logistics group TNT NV, is looking at tripling its revenue in Malaysia over the next three years.
MASkargo joins IATA e-freight programme IATA e-freight, an industry-wide initiative involving carriers, freight forwarders, ground handlers, shippers and customs authorities, aims to take the paper out of the air cargo supply chain
Labuan Shipyard ready to do its part THE much anticipated boom in the oil and gas industry in Sabah and Sarawak has put the Labuan Shipyard and Engineering Sdn Bhd on standby mode.
PKA won't extend grace period for enforcement of new rules Port Klang Authority (PKA), the regulator of Northport and Westports, said it will not extend a three-month grace period on enforcing changes to rules that require shippers to pay storage charges for full-container load (FCL) cargo at Port Klang after 72 hours.
This concept doesn't fly Analysts and industry executives do not think that Malaysia needs two airports located within 10km of each other.
Westports posts healthy volume growth in Q1 Malaysia's leading port, Westports Malaysia Sdn Bhd, posted a healthy 27 per cent surge in its container volume for the first quarter of this year compared with the corresponding period of last year.
DHL not slowing down investments DHL, the express and logistics subsidiary of Germany's Deutsche Post AG, expects its overall revenue to shrink this year, from e54 billion (e1= RM5.03) in 2008, as the economic downturn slowed trade and led to huge falls in freight rates.
Westports container volume jumps PORT KLANG: Container volume moving through Westports Malaysia Sdn Bhd rose by 15 per cent or 6.4 million twenty foot equivalent units (TEUs) last year, compared with 5.6 million TEUs in 2010.
Alam Maritim sees continued growth Offshore oil and gas services firm Alam Maritim Resources Bhd (AMRB)(5115) said it expects continued earnings growth in 2009, mainly from vessel optimisation and working with strategic joint-venture partners.
Maersk aims to sail into 'modest' profit COPENHAGEN: Danish shipping and oil group AP Moller-Maersk said it would return to a "modest" profit in 2010 after weak global trade knocked freight rates and dragged it to a deeper loss than expected for 2009.
Organic growth for Freight Management The company expects seafreight and airfreight forwarding, tug and barge services to drive its internal net profit growth target of 15 per cent for this fiscal year
Northport cutting costs to ride out slowdown Terminal operator Northport (Malaysia) Bhd has embarked on a cost-cutting exercise that will see all recruitment frozen and advertising spending slashed, in anticipation of worsening economic conditions.
MASkargo set to resume US freight service Malaysia Airlines Cargo Sdn Bhd (MASkargo), which stopped its freight business to the US in 2001, aims to resume operations in July as it ties up with the US-based air cargo carrier Southern Air Inc.
Airbus A320neo makes big splash in Paris PARIS: The A320neo, the short-medium haul passenger aircraft by European planemaker Airbus, is currently the best selling airliner in the commercial aviation industry, with over 1,000 commitments received within six months of its launch.
MASkargo eyes bigger freighters next year MAalaysia Airlines Cargo Sdn Bhd (MASkargo), the air cargo subsidiary of Malaysia Airlines, says it is looking for bigger cargo planes next year when the lease of its four narrow-body freighters expires.
DHL launches new road freight services KUALA LUMPUR: DHL Global Forwarding, the road, air and sea freight specialist arm of DHL has come out with new road freight services connecting Singapore, Malaysia and Thailand to provide customers with a complete range of flexible and fast overland freighting options.
MAS revamps fleet, adds capacity to India Spurred by the healthy rise in air traffic this year, Malaysia Airlines (MAS) (3786) plans to revamp its fleet and scale up operations to achieve 30 to 40 per cent passenger growth in the Indian sector next year.
Europe to help in 'going green' KUALA LUMPUR: Europe wants to help Malaysia in its "going green" efforts including building blocks of "green" logistics network.
Malaysian firm bags Chittagong dredging job KUALA LUMPUR: Privately-owned Malaysian Maritime and Dredging Corp Sdn Bhd (MMDC) has been awarded a 2.3 billion taka or RM100 million contract to carry out capital dredging work at Chittagong port in Bangladesh.
Roadblocks to growth WASHINGTON: Long famous for its top-notch highways and passion for cars, the US is letting bridges rust as traffic chokes overburdened roads, threatening a pillar of its economic strength.
SIA's chief a low profile high-flier Analysts say Goh Choon Phong is facing a challenge that Singapore Airlines has never had to deal with before - the rise of Asian and Middle Eastern carriers in the premium market.
Airbus extends lead over Boeing PARIS: Airbus extended its lead over Boeing in July as both planemakers added a major order from American Airlines to their books and prepared to fight over other big fleet replacement orders expected in coming months.
Supertanker rental income surges Rental income from supertankers shipping Middle East crude oil to Asia more than doubled after demand strengthened and owners rejected unprofitable cargoes.
More Malaysian crew on board The multilingual abilities of Malaysian cabin crew is set to see Hong Kong's flag carrier Cathay Pacific Airways having more of these professionals on its flights.
Marseilles port to help bolster halal exports MARSEILLES (France): Due to its important geo-strategic location and historic connections with former North African colonies, the Port of Marseilles (PoM) in France has evolved into a European hub for trade and commerce with Northern Africa.
MAS still popular among Malaysians, overseas travellers Malaysia Airlines (MAS) (3786) has remained a popular airline for domestic and overseas destinations although it has gone through various challenges including stiff competition and rising operations cost in the airline industry.
Logistics sector set to grow by 11.5pc Research and consulting firm Frost & Sullivan expects the logistics industry here to grow by 11.5 per cent to RM121 billion this year, helped by growing external trade and a stable economic outlook.
Port Klang, PTP maintain top 20 ranking Port Klang moved up one rung from 14th to 13th spot with 8.87 million twenty-foot equivalent units while PTP improved to 16th place from 17th with 6.54 million TEUs.
Headwinds buffet Boeing 747-8 freighter PARIS/CHICAGO: Boeing Co is battling to prevent teething problems on its 747-8 freighter from turning into a wider customer revolt as jittery airlines seize on a chance to curb their exposure to a slump in the global freight market, industry sources said on Friday.
PPSB moves to boost productivity Terminal operator Penang Port Sdn Bhd (PPSB) will be roping in 30 additional skilled personnel to handle vital port machinery next year, as part of efforts to boost productivity.
Oil tanker owners seeking premium LONDON: Some oil-tanker owners are seeking additional fees for carrying cargoes to Japan, the world's third-largest crude consumer, according to Stena Bulk AB, which operates a fleet of more than 80 vessels.
TNT Malaysia revenue surges 40pc TNT Express Worldwide (M) Sdn Bhd (TNT Malaysia), a subsidiary of Dutch logistics group TNT NV, saw revenue grow a phenomenal 40 per cent for the first seven months of the year.
MAS on schedule to receive A380s Malaysia Airlines (MAS) (3786) is receiving almost daily updates from aircraft engine maker Rolls Royce, following engine issues experienced by two A380 operators, Qantas and Singapore Airlines (SIA).
FedEx enhances services to Romania FedEx Express, a subsidiary of FedEx Corp, has introduced a series of service enhancements that will allow customers to access Timisoara, Romania's fastest growth area, within one to three business days.
Penang Port slammed over overweight containers International container shipping lines operating at Penang Port have slammed the terminal operator for not penalising shippers who overload their cargo containers on a vessel, saying it could lead to an accident.
Global Maritime expects to stay profitable in 2009 Global Maritime Ventures Bhd, a unit of Bank Pembangunan Malaysia Bhd, expects to stay profitable in 2009, helped by the performance of the tanker and offshore supply vessel (OSV) sectors, and new tonnage.
India to triple port capacity MUMBAI: India, Asia's third biggest economy, plans to triple port capacity within a decade as it tackles infrastructure deficiencies that threaten to damp growth.
GDEX hopeful of delivering double-digit revenue growth Local air express firm GD Express Carrier Bhd (GDEX) said its revenue growth is unlikely to return to levels seen before fiscal year 2007/08 when it rose as high as 182 per cent, as its business reached a stable and large base.
KTMB freight unit all out to hit revenue target It may seem like an impossible task, but Keretapi Tanah Melayu Bhd's (KTMB) freight unit is working overtime to meet an ambitious revenue target of RM200 million for the financial year 2009.
Halal inflight caterer seeks new markets A potential market was the republic of Tatarstan in Russia, which is the gateway to the whole of the former Soviet Union states for halal food, he said in an interview.