Local News
Intra-Asia index brings clarity to largest container shipping trade
In what is the world’s largest trade by volume, and deployed capacity, it was an anomaly that the intra-Asia trades did not have a dedicated spot index to match the other major tradelanes out of Asia to Europe and the US. Philip Damas, MD and head...
Singapore to gain six Asia-North Europe calls in alliance reshuffle
Singapore, the world’s largest transhipment hub, has emerged as one of the clear winners in the forthcoming alliance reshuffle, new analysis from Alphaliner today shows. With the February deadline for the new alliance structure to begin – with the three main groupings...
Singapore port congestion may persist until year-end
Ships have had to wait for one to two days to berth amidst the Red Sea attacks. Congestion at Singapore’s container port, which is at its worst since the COVID-19 pandemic, is expected to persist until year-end due to ship rerouting to avoid Houthi attacks in the Red...
Tensions Rise As Chinese Naval Frigate Spotted Near Malaysian Oil Rig In South China Sea
The presence of a Chinese Type 053H3 Jiangwei II Class frigate near Malaysia’s Velesto NAGA 4 oil rig in Sarawak’s waters has raised concerns over China’s ambitions in the South China Sea. A Chinese Type 053H3 Jiangwei II class light frigate has been observed near...
Behind the headlines: Engagement is vital
THE South China Sea is a bustling waterway with growing freight and naval passages, combining widespread commercial and military interests. More than 80% of world trade exceeding US$5 trillion (RM21.67 trillion) in value traverses these much-contested waters each...
Pahang, Perak ready for Chinese halal industry investments, which will spur state economies
SHANGHAI: The Pahang and Perak state governments are ready for large investments from China in the halal industry by preparing and developing the infrastructure in the respective states’ halal hubs. This includes providing sites to build factories and farms,...
Johor-Singapore SEZ: International firms call for reduced red tape, improved infrastructure for zone to be a success
JOHOR BAHRU: Dutch tank storage company Vopak has long straddled its business on both sides of the Johor Strait. Over the last 30 years, it has based oil and gas operations in both Singapore and Pengerang in the southern part of the Malaysian state. Now, with...
Johor Port registers record container throughput of 102,324 TEUs in August
KUALA LUMPUR: Johor Port Bhd, a member of MMC Group, registered a record monthly throughput of 102,324 TEUs in August 2024, surpassing the previous record of 99,039 TEUs in July 2019. Over the first eight months of 2024, the port recorded a throughput of 698,914 TEUs,...
Renewed MOU with China will benefit local exporters, says Matrade chairman
KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) has renewed a memorandum of understanding (MOU) with the China Construction Bank Malaysia Berhad (CCBM) to benefit businesses in both countries. Matrade chairman Datuk Seri Reezal Merican...
With Mahathir as adviser, Malaysia’s four opposition states join forces to beef up lagging economies
KUALA LUMPUR - Four Malaysian states controlled by federal opposition alliance Perikatan Nasional (PN) have closed ranks to jointly beef up their economies, as their leaders move to strengthen their grip on the Malay-belt states. With Tun Dr Mahathir Mohamad as their...