ASEAN Ports Association Malaysia (MAPA)

PETALING JAYA: Malaysian ports have been operating at high efficiency, staying competitive and active in the dynamic but challenging global environment, says Dr Wee Ka Siong (pic). The Transport Minister said the development and expansion of Malaysian economic events were closely connected to the maritime sector. “Investments, trade, human resource, structure and, in particular, port […]

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PETALING JAYA: Shares of Malaysia’s largest port operator Westports Holdings Bhd fell, following news that the second phase of a tariff hike will be delayed for six months until March next year. Analysts said the development was a negative surprise for the market, which had priced in a stronger second half (H2’18) outlook for the […]

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MELAKA: The Malay Sultanate once thrived because of Melaka’s strategic position and well-known port, as such Chief Minister Adly Zahari (pic) is determined to restore the sector as a major economic contributor to the state. He said in making this a reality, Melaka has to plan the development of a sustainable port and the first […]

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JOHOR BARU: Johor Port Bhd, which comes under MMC Ports, will invest RM10mil to set up facilities at the Tanjung Bruas Port, Melaka, to roll out the country’s first roll-on/roll-off (RoRo) service between Malaysia and Indonesia. Chief executive officer Shahrull Allam Shah Abdul Halim said the investment would be used to construct the Customs, Immigration […]

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KUALA LUMPUR: Westports Holdings Bhd has reported a fourth quarter earnings jump of 36% to RM210.98mil over the previous corresponding quarter due to more favourable mix of gateway volume and investment tax allowance provided for the capitalisation of assets for the expansion at container terminals (CT) 8 and 9. This brings full year earnings to […]

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Northport (Malaysia) Bhd, Shin Yang Shipping Sdn Bhd and Harbour-Link Group Bhd have signed a memorandum of understanding (MoU) to firm a strategic alliance called The East Malaysia Network or TEAM Network. MMC Corporation Bhd said in a statement the MoU was aimed at achieving economies of scale through the sharing of resources such as […]

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Westports Holdings Bhd is expected to invest up to RM10bil to double its container-handling capacity and the company will tap the bond market to partly finance this plan. Sources told StarBiz that Westports, the largest port operator in the country, was considering options from the debt market such as sukuk and other forms of borrowings […]

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Westports Holdings Bhd’s subsidiary, Westports Malaysia Sdn Bhd, has received an approval-in-principle (AiP) from the Government to expand its container terminal facilities from CT10 to CT19, which is an extension from the current CT1 to CT9 development. “With the AiP, the company will now commence and undertake the various studies required before finalising the terms […]

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PETALING JAYA: Port Klang is expected to move up one spot to the 11th placing in the World Container League for 2016, boosted by its strong performance in terms of container throughput and transshipment growth. The largest port in Malaysia was ranked 12th in the World Container League 2015. However, PKA said it would expect […]

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KUALA LUMPUR: MMC Corp Bhd is taking 70% equity interest in KMB Seaport Sdn Bhd, the operator of Tanjung Bruas Port in Malacca, for RM21mil in cash. In a filing with Bursa Malaysia, MMC said it had inked a conditional agreement to acquire the ordinary equity interest and 4.99 million irredeemable convertible cumulative preference shares […]

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