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Container vessels supply to exceed demand, pressuring freight rates, says analyst

Container vessels supply to exceed demand, pressuring freight rates, says analyst

by jpsfa admin | Apr 21, 2024 | Local News

KUALA LUMPUR, April 18 — The supply of container vessels will continue to outpace demand, putting pressure on freight rates as more newly built containerships are introduced into the market amidst ongoing geopolitical conflicts. -ADVERTISEMENT- Veson Nautical senior...
Tengku Zafrul: Miti closely monitoring situation in Middle East for possible escalation in conflict

Tengku Zafrul: Miti closely monitoring situation in Middle East for possible escalation in conflict

by jpsfa admin | Apr 21, 2024 | Local News

RAWANG, April 19 — The Ministry of Investment, Trade and Industry (Miti) is closely monitoring reports on the Middle East conflict for a possible escalation in the region. Minister Datuk Seri Tengku Zafrul Abdul Aziz said so far, shipments through the Red Sea shipping...
Invest Malaysia Facilitation Centre a crucial cog in Johor’s development, says MB

Invest Malaysia Facilitation Centre a crucial cog in Johor’s development, says MB

by jpsfa admin | Apr 21, 2024 | Local News

JOHOR BARU: The Invest Malaysia Facilitation Centre (IMFC) will play a crucial role in the economic development of Johor, says Datuk Onn Hafiz Ghazi. The Johor Mentri Besar said establishing the IMFC was among the issues discussed with Prime Minister Datuk Seri Anwar...
Malaysia: Lack of cross-sector merger control sparks updates to current regime and new emphasis on digital economy

Malaysia: Lack of cross-sector merger control sparks updates to current regime and new emphasis on digital economy

by jpsfa admin | Apr 15, 2024 | Local News

In summary This article provides an overview of developments in competition law from 2022 to 2024, including the status of proposed amendments to introduce a cross sectoral merger control regime in Malaysia, the application of merger control via sectoral laws, cartels...
Malaysia is next best bet – Country can position itself as viable alternative to S’pore

Malaysia is next best bet – Country can position itself as viable alternative to S’pore

by jpsfa admin | Apr 15, 2024 | Local News

PETALING JAYA: With some Japanese multinational corporations (MNCs) looking beyond Singapore to base their regional headquarters due to the rising cost there, Malaysia has what it takes to position itself as a viable destination, say economists. Sunway University...
Escalating tension in Middle East could result in supply chain disruption, higher insurance premiums for shipping, say Malaysia industry associations.

Escalating tension in Middle East could result in supply chain disruption, higher insurance premiums for shipping, say Malaysia industry associations.

by jpsfa admin | Apr 15, 2024 | Local News

KUALA LUMPUR, April 13 — Escalated tension in the Middle East with the latest Israel-linked container ship seized by Iran’s Islamic Revolutionary Guard Corps (IRGC) earlier today could result in supply chain disruption and higher insurance premiums, said shipping...
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19A, Jalan Rosmerah 2/5,
Taman Johor Jaya,
81100 Johor Bahru.

Executive Secretary : Sree Devi Nair
Tel / Fax : 07- 3611361
Email : secretariat@jpsfa.com

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