Local News
What cargo ships are passing Hormuz strait?
From March 1 to 19, commodities carriers made just 114 crossings, according to analytics firm Kpler -- a decrease of 95 percent from peacetime. Of these, 69 crossings were by oil tankers and more than half were loaded, Kpler data showed, with most travelling east out...
Expected price hikes for feed, fertilisers in Malaysia may have spillover effect on S’pore
KUALA LUMPUR – For some, the war in the Middle East may feel far away. But for Mr Latiff Abu Hassan, a community leader and seed supplier, the conflict has already landed in his garden. Over the past few weeks, the 55-year-old has been spending...
Malaysia can avoid Iran war’s immediate economic shocks, say economists
Malaysia can avoid the immediate economic shocks from rising oil prices triggered by the Iran war, economists say, although an increase in living costs is likely if the conflict prolongs. Yeah Kim Leng of Sunway University said the economic impact on Malaysia is...
Malaysia to safeguard port operations after shipping disruptions
[KUALA LUMPUR] Malaysia will take several measures to protect port operations following shipping disruptions stemming from the war in the Middle East, Transport Minister Anthony Loke said on Tuesday (Mar 10). The measures include clearing empty containers from port...
Malaysia says its airlines may suspend some flights as fuel costs rise due to Iran war
KUALA LUMPUR – Malaysia said its airlines may need to suspend some flights if the Middle East war pushes fuel costs significantly higher. Jet fuel accounts for almost half of airlines’ operating costs, Malaysia’s Transport Minister Anthony Loke said on...
Malaysia’s integrated O&G system shields economy from global shocks, says analyst
Oil and gas analyst Samirul Ariff says the Petroleum Development Act 1974 has allowed Petronas to create a coordinated industry that strengthens Malaysia’s energy resilience.PETALING JAYA: Malaysia’s integrated oil and gas industry, built around the Petroleum...
Justified to maintain subsidised diesel in East Malaysia
THE Federal Government’s decision to maintain subsidised diesel prices in Sabah and Sarawak is justified, taking into account geographical factors and the still significant price gap for goods compared to Peninsular Malaysia.Minister Armizan said although fuel price...
Here’s where container rates will go in extended Iran war
As the U.S. threatens to escalate attacks against Iran, the shutdown of a key Persian Gulf shipping lane is causing congestion at regional ports that threatens to spread to the global supply chain. Now entering its second week, the undeclared war has hampered ports...
Global tension, Malaysia’s maritime future: Turning crisis into strategic opportunity — Izyan Munirah Mohd Zaideeen
MARCH 7 — Rising tensions in the Middle East involving Iran, the United States, and Israel are sending shockwaves across the global landscape. What may appear as a regional conflict carries far-reaching implications for international trade, energy markets,...
Malaysia able to support regional energy supply, says expert
KUALA LUMPUR: Malaysia can capitalise on the large-scale oil supply disruption caused by the conflict in the Middle East by positioning itself as a viable and more reliable energy supplier to customers in Asia, said commentator and scholar in the field...