The National Retail Federation, an industry trade group, issued its monthly report on expected import volumes through the major U.S. container ports, projecting that volumes will fall below two million TEU per month and continue a steady decline through the first...
As the global VLCC community gathers in Dubai for Bahri Week, all eyes are once again on OPEC and Middle East production policy. OPEC+ members, led by Saudi Arabia, have begun unwinding their voluntary production cuts, and the return of supply is reshaping momentum...
PETALING JAYA: The transport ministry will create the Malaysia Shipping Development Fund (MSDF), a statutory trust fund aimed at providing sustainable financing to boost the shipping sector’s growth and development. The ministry said the fund is a strategic...
PUTRAJAYA, Nov 6 —The Port of Tanjung Pelepas (PTP) in Johor is poised to enter the ranks of the world’s top 10 busiest ports soon, said Transport Minister Anthony Loke. He said this growth is driven by Denmark-based logistics giant Maersk’s decision to make PTP its...
A new logistics corridor for the seamless movement of goods between China and ASEAN has opened up. The first Liuzhou–Qinzhou–ASEAN rail-sea intermodal train, carrying 56 standard containers of automotive parts, departed from Liuzhou railway port in Liuzhou City,...
A fire aboard a containership alongside in Malaysia’s Port of Tanjung Pelepas (PTP) was fatal, killing three and injuring three more, reports Malaysia’s State Fire and Rescue Department. This fire, along with an ongoing incident on another Maersk ship in the United...
