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Global News

Ports of Stockholm Joins Rush to Add Shore Power

Ports of Stockholm Joins Rush to Add Shore Power

Ports of Stockholm has joined a growing number of European seaports investing in shore power to cut emissions from cruise ships at berth. The port has now inaugurated Sweden's first facility for onshore power supply (cold ironing) for cruise ships, and TUI Cruises´...

Hurricane Helene Shuts Down Florida’s Gulf Coast Ports

Hurricane Helene Shuts Down Florida’s Gulf Coast Ports

Hurricane Helene is making eight knots towards the Gulf Coast of Florida, transiting over warm water in conditions that are "very conducive" for strengthening, according to the National Hurricane Center.  As of Wednesday night, the storm's winds averaged about 75...

Russian Missile Damages Odesa Port and Docked Bulker

Russian Missile Damages Odesa Port and Docked Bulker

Reports are coming from Ukraine of a Russian missile strike on the city of Odesa that damaged port infrastructure and a vessel alongside loading. There are no reports of causalities in the port but four civilians were injured in the city. The governor for the region,...

Canadian Port Grows as Staging Point for U.S. Offshore Wind

Canadian Port Grows as Staging Point for U.S. Offshore Wind

The Port Argentia in the eastern reaches of Canada’s Newfoundland is using its strategic position and available land to develop a business in staging for U.S. offshore wind farms. Port officials reported they have signed a contract with Denmark’s Scan Global Logistics...

Cargo Ship Lost in WWI Found During UK Wind Farm Survey

Cargo Ship Lost in WWI Found During UK Wind Farm Survey

Teams working on the geological surveys for a planned floating offshore wind farm to be located off the northeast coast of Scotland are reporting an “added bonus” from their work. They believe they located the wreck of a WWI-era cargo ship in remarkably good condition...

New Concept Ocean Energy Support Vessel to be Built in Spain

New Concept Ocean Energy Support Vessel to be Built in Spain

Norwegian offshore support company Østensjø has ordered a new concept offshore support vessel to be built in Spain at the Astilleros Gondan shipyard. Called an Ocean Energy Support Vessel (OESV), the company reports it is a more versatile design for a broad range of...

Mozambique Leases a Port Terminal to Landlocked Malawi

Mozambique Leases a Port Terminal to Landlocked Malawi

In a rare move, Mozambique is planning to lease part of its northern port of Nacala to neighboring landlocked Malawi. The deal seeks to boost trade ties between the two countries. To formalize the initiative, Mozambican President Filipe Nyusi and his Malawian...

Giant Wind Turbine Installation Vessel Delivered to Cadeler

Giant Wind Turbine Installation Vessel Delivered to Cadeler

Cadeler, which already attests to being the world’s largest operator in offshore wind installation, operations, and maintenance services, took delivery today, August 16, on the first of its new larger installation vessels. It comes just three months after the company...

Gearbox Failure, Pilot Error Caused V-22 Crash off Japan

Gearbox Failure, Pilot Error Caused V-22 Crash off Japan

A disintegrating metal gearbox was responsible for the crash of an Air Force CV-22 Osprey tilt-rotor aircraft off Japan last November, which killed eight servicemembers and prompted a large-scale subsea salvage response, according to the Air Force.  On the...

Philippine Coast Guard Brings Tanker Spill Under Control

Philippine Coast Guard Brings Tanker Spill Under Control

The Philippine Coast Guard and its salvage response partners have been making progress on preventing pollution from the sunken tanker Terra Nova, which went down in rough weather from Typhoon Gaemi on July 25. Terra Nova has an estimated 370,000 gallons of petroleum...

Local News

Malaysia, UAE look to bolster ties

Malaysia, UAE look to bolster ties

DUBAI: Malaysia and the United Arab Emirates (UAE) are looking forward to bolstering ties across various sectors. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said his meeting with UAE’s Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei here...

‘Need to cut excessive plastic use in logistics’

‘Need to cut excessive plastic use in logistics’

Consumer group calls for awareness programmes to seek alternatives, reduce packaging waste THE government is urged to broaden its focus on eliminating single-use plastics by addressing how they are also utilised in logistics, in addition to the retail sector. Malaysia...

Westports’ net profit rises to RM233.07mil in 3Q24

Westports’ net profit rises to RM233.07mil in 3Q24

KUALA LUMPUR: Westports Holdings Bhd has posted a higher net profit of RM233.07 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM195.0 million in the same quarter a year ago. Revenue for the quarter rose to RM572.57 million versus...

Malaysia’s Budget 2025: Impact for Businesses

Malaysia’s Budget 2025: Impact for Businesses

On October 18, Malaysia’s government introduced its 2025 national budget – the largest in its history – to bolster the economy’s competitiveness by introducing new tax incentives, slashing subsidies, and developing new economic clusters. With an unprecedented 421...

Explained: What will the expanded SST affect and when?

Explained: What will the expanded SST affect and when?

KUALA LUMPUR, October 18 — The federal government is expanding the scope of the Sales and Service Tax (SST) to further improve the nation's tax revenue in the Budget 2025. The expansion will be implemented starting May 1, 2025. Here are the key points from Prime...