28 August 2017
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 […]
27 August 2017
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 […]
13 July 2017
The Pasir Gudang Port and Tanjung Pelepas Port are on track to achieve their target of handling container volume of 9.5 million 20ft equivalent units (TEUs) this year. Johor Port Authority (JPA) general manager Muhammad Razif Ahmad said both ports, which were being managed by the JPA, recorded container volume of 9.2 million TEUs in […]
10 April 2017
KUCHING: Bintulu Port Holdings Bhd (BPHB) has secured contracts from major oil and gas (O&G) companies as the company expands its port business to provide base support services for the O&G industry. Wholly-owned subsidiary Bintulu Port Sdn Bhd has won a five-year contract each from Petronas Carigali Sdn Bhd and Petronas Floating LNG as well […]
21 February 2017
KUALA LUMPUR: Johor Port Bhd, a member of the MMC Group, has signed a memorandum of understanding (MoU) with PT Pelabuhan Indonesia IV (Pelindo IV) that will involve several collaborations, including a sister port partnership programme. The MoU will also pave the way for Johor Port to share its experience and expertise with Pelindo IV […]
18 January 2017
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 […]
13 January 2017
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 […]
10 January 2017
KUALA LUMPUR: Malaysian Rating Corporation (MARC) sees Northport (Malaysia) Bhd incurring over RM823mil in capital expenditure (capex) over the next three years to replace its equipment and repair existing infrastructure. It said on Tuesday that as at July 31, 2016, Northport’s interim finance-to-equity ratio (FER) stood at 0.35 times (January-July 2015: 0.33 times). Assuming the […]
09 January 2017
PETALING JAYA: Northport. Westport. And next up is Carey Island, a massive port-industrial city project, with infrastructure investments of more than RM200bil covering an area of over 100sq km – more than twice the size of Putrajaya. This giant new port will also be able to handle more cargo than the two existing ports combined. […]
07 December 2016
KUALA LUMPUR: Bintulu Port Holdings Bhd has awarded a RM14.19mil contract to Blessed General Contractor Sdn Bhd to provide stevedoring services. The ports operator said on Wenesday its units Bintulu Port Sdn Bhd had issued the letter of acceptance to the contractor to provide the services over 36 months. Howewer, it also had a clause […]
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22 - 24 October 2024
