Local News

Palm oil drops on strong ringgit, posts second monthly fall

Palm oil drops on strong ringgit, posts second monthly fall

JAKARTA: Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July export as a stronger ringgit weighed down the price. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange...

Marine DG charged with deceiving predecessor with fake letter

Marine DG charged with deceiving predecessor with fake letter

SHAH ALAM: A top tier civil servant was charged at the Sessions Court here Thursday (Aug 1) for deceiving his then superior into issuing some documentation four years ago. Current Marine Department director-general Capt Mohamad Halim Ahmed was accused of tricking his...

India’s quest to become leading maritime shipping hub

India’s quest to become leading maritime shipping hub

Maritime transport serves as the bedrock of international trade and, by extension, the global economy. As per the International Chamber of Shipping, the international shipping industry is accountable for transporting approximately 90 per cent of global trade....

Singapore, Hafnia to transfer oil cargo from fire-hit tanker

Singapore, Hafnia to transfer oil cargo from fire-hit tanker

Shipowner Hafnia, operator of the Hafnia Nile oil tanker, is in discussion with Singapore’s Maritime and Port Authority (MPA) about transferring the damaged ship’s cargo of naphtha to a safe location, the MPA said on Wednesday. The Singapore-flagged Hafnia Nile and...

Cargo vessel congestion at port eases: Phoong

Cargo vessel congestion at port eases: Phoong

KOTA KINABALU: Cargo vessel congestion at the port has here been eased with the Roll on Roll Off (RORO) ships operations relocated from Sepanggar Port.State Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe said this immediate short-term...