The U.S. Treasury has announced new action against the Russian “shadow fleet” with sanctions on an unprecedented 183 tankers, along with two Russian insurers specializing in questionable P&I cover. “The United States is taking sweeping...
As disclosed, the 12 millionth TEU was recorded on the evening of December 23, 2024, surpassing its previous record of 11.2 million in 2021, which, at the time, was said to represent an annual increase of 14%, compared to 2020’s 9.8 million TEUs. “By...
KUALA LUMPUR, Jan 4 — Retreaded tyres and imported tyres from China have become the top choice among heavy vehicle operators, dominating 80 per cent of the commercial vehicle tyre market. Their affordability makes them highly sought after, with costs significantly...
PETALING JAYA: Bus and lorry services companies are grappling with a critical shortage of drivers, threatening their viability and sustainability, said Pan Malaysia Bus Operators Association president Datuk Mohamad Ashfar Ali. He said the affected sector, which...
Today, Malaysia sits at the heart of this transformation, uniquely positioned to harness the e-commerce boom sweeping across the region. Yet, to fully capitalise on its potential and not lose ground to its neighbours, Malaysia must confront key challenges, including...
A report from S&P Global’s Journal of Commerce says talks are set to resume between the International Longshoremen’s Association and the terminal operators at U.S. East Coast and Gulf Coast ports represented by the U.S. Maritime Alliance (USMX). This comes after...
