Search results for: Malaysia

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  • 22 July 2013
    Business & Finance

    The government has agreed to allocate RM250 million to deepen the Sungai Besut estuary for the fishing and tourism industries. Deputy Prime Minister Tan Sri Muhyiddin Yassin said Prime Minister Datuk Seri Najib Tun Razak had approved the allocation for the project which was expected to be implemented early next year. “The Prime Minister had […]

  • 22 July 2013
    Business & Finance

    IJM Corp Bhd’s port business, via Kuantan Port Consortium Sdn Bhd (KPC), is expected to start construction of its new RM3bil deepwater terminal by year-end. Kuantan Port, the most prominent maritime terminal in the east coast of Peninsular Malaysia, will double up its capacity by the end of the expansion to 52 million freight weight […]

  • 19 July 2013
    Business & Finance

    Bintulu Port Holdings Bhd has awarded Pekerjaan Piasau Konkerit Sdn Bhd and China Harbour Engineering Company Ltd an RM306mil contract to construct and complete the proposed Samalaju Port Development Project in Sarawak. The company informed Bursa Malaysia on Thursday that the project contracted to the joint venture (JV) between Pekerjaan Piasau Konkerit and China Harbour […]

  • 8 July 2013

    HR Wallingford has been appointed as the distributor for Innovyze products in Malaysia. From 1 July 2013, the international engineering and environmental hydraulics organisation will sell and support Innovyze’s range of hydraulic modelling and asset management software in the region. “HR Wallingford successfully distributes Innovyze software in China, Hong Kong, Taiwan and Italy,” explains Dr […]

  • 7 May 2013
    Business & Finance

    Sabah Ports Sdn Bhd, the port operating subsidiary of Suria Capital Holdings Bhd, will invest RM229mil over the next two years to further improve its port facilities and equipment to better serve the port users and shipping communities in Sabah. Suria Capital told Bursa Malaysia that its board, as well as the board of Sabah […]

  • 16 April 2013
    Business & Finance

    The Penang State Government must review and take into account the long-term development of Penang Port given its intent to construct the 6.5km Gurney Drive – Bagan Ajam undersea tunnel. The undersea tunnel project will incur comprehensive construction. Hence, for Penang Port to enjoy sustainable development, the depth of the seabed of Penang Port must […]

  • 5 April 2013
    Business & Finance, Equipment, Technology

    Offshore Constructor (Labuan) Ltd (OCL), a wholly-owned of Tekala Corp Bhd, has entered into a Memorandum of Agreement with National Marine Dredging Company for the disposal of a 300-men accommodation workbarge known as “Offshore Safeena” for a total of US$29.3 million (about RM90 million). Vessel “Offshore Safeena” is a 300-men accommodation workbarge. It was built […]

  • 25 February 2013
    Business & Finance

    From its humble beginning of container operations since the early 1970s, Port Klang recently celebrated the handling of the 100 million twenty-foot equivalent units (TEUs) at Northport (M) Bhd. “We also began this year with a milestone achievement of surpassing the 10 millionth TEU mark. Northport handled 1.74 million TEUs or 47% of Port Klang’s […]

  • 20 February 2013
    Business & Finance

    Bintulu Port Holdings Berhad has agreed a contract with Integrated Marine Works Sdn. Bhd. for a large dredging project. This project, named Capital Dredging And Reclamation Package For Phase 1 Works, will include the construction and completion of the proposed Samalaju Port development project at Samalaju, Bintulu. The duration of this contract will be six […]

  • 14 January 2013

    Hock Seng Lee (HSL) Bhd would be able to get ports dredging works, waste water management, flood mitigation, rural road works and other infrastructure projects on the back of the execution of the Sarawak Corridor of Renewable Energy (SCORE), said Kenanga Research. “Over the years, HSL has transformed vast acres of uninhabitable swamp land into […]

  • 7 January 2013
    Business & Finance

    Nortport (M) Bhd, which operates one of two main maritime gateways in Port Klang, will be spending some RM104mil to acquire 13 units of electric rubber-tyred gantry (e-RTG) cranes as part of the port’s plan to be more environmentally friendly. Northport is the first terminal in Malaysia to purchase this eco-friendly port handling equipment and […]

  • 6 January 2013

    Datuk Ahmad Ibnihajar, the Penang Port Sdn Bhd (PPSB)’s managing director, stated that his biggest hope is to see the dredging of the port before his service term ends, reports The Malay Mail. The future of Penang depends on the port and the deepening of the north channel to 14.5 metres ACD (approach channel depth) […]

  • 30 December 2012

    Masdo Dakolah, the protem chairman of Kumpulan Nelayan Kecil Persisiran Pantai dan Sungai Daerah Pitas, has alleged that a non-Sabahan company is carrying out illegal sand dredging activities along Sungai Bengkoka. He claimed that the company started dredging sand from the mentioned area on December 5, reports theborneopost.com. “I went to speak to the manager […]

  • 21 December 2012

    Dialog Group Bhd, the country’s second-biggest oil and gas services provider, said it has signed some customers for the RM1.9bil storage terminal, it is developing with Royal Vopak NV. Talks with other potential customers were continuing, Dialog managing director Ngau Boon Keat said in an interview at Pengerang in Johor. Dialog, Vopak and the Johor […]

  • 29 November 2012

    The dredging program has been completed for the first phase of the Malaysian Pengerang oil terminal, according to platts.com The spokesman for the terminal operator said that, after the dredging work has been finished, the contractor commenced work on storage tank foundations. This Pengerang-based terminal is being developed by a joint venture between Dutch oil […]

  • 19 November 2012

    Westports Malaysia Sdn Bhd, operator of the country’s busiest port, still projects growth in its business for next year despite the gloomy global economy. Its chief executive officer Ruben Emir Gnanalingam said despite the global economic crisis and news of the European economy in recession, consumption worldwide was still increasing. Therefore, he said, Westports’ cargo […]

  • 14 November 2012
    Business & Finance

    Malaysian Rating Corp Bhd (MARC) has downgraded the ratings of Tanjung Langsat Port Sdn Bhd’s (TLP) RM250mil bonds and RM135mil debt notes while the outlook on the ratings remains negative. The rating action reflects TLP’s continued losses and weak cash flow arising from a delay in the commencement of TLP’s port operations which has resulted […]

  • 12 November 2012
    Business & Finance

    Northport (M) Bhd, one of the main maritime gateways in the country, believes that its port capacity-expansion plans will be the catalyst to ride over the expected headwinds that may hit the industry going forward. This is because as a seasoned player, the wholly-owned subsidiary of NCB Holdings Bhd has survived and withstood quite a […]

  • 2 November 2012
    Business & Finance

    Samajalu Industrial Port Sdn Bhd expects construction of phase one of the RM1.8 billion Samalaju Port to be completed by the first quarter of 2016. It will have an annual handling capacity of 18 million tonnes of cargo for industries operating in Samalaju Industrial Park (SIP), which is part of the Sarawak Corridor of Renewable […]

  • 24 October 2012

    Tan Sri Joseph Pairin Kitingan, the Sabah Deputy Chief Minister, said that RM368.51 million has been allocated to develop infrastructure in Sabah next year, reports bernama.com. The amount will be distributed to four departments: – Public Works Department (RM186.9 million), – Waterworks Department (RM164.9 million), – Port and Wharf Department (RM13.5 million) – Railway Department […]

  • 9 October 2012

    The commissioning of two new units of Panamax Class Ship-to-Shore Container Quay Cranes (QC) and eight units of Rubber-Tyred Gantry Cranes (RTG) will beef up Bintulu Port Sdn Bhd’s (BPSB) container handling capabilities and services. Its chief executive officer Dato Mior Ahmad Baiti Mior Lub Ahmad when speaking during the handing over of the equipment […]

  • 2 October 2012

    The Kuantan Port development work should commence soon and is expected to be completed by 2015. Datuk Seri Lam Kam Sang, the Pahang Associated Chinese Chambers of Commerce and Industry President, stated: “The project to deepen Kuantan Port will benefit the state in the long run and increase transshipment business.” Located about 25.0 km to […]

  • 17 September 2012

    “The current seabed depth of 11 metres at the Penang Port is not deep enough and it should be increased to 15 metres,” stated Chief Minister Lim Guan Eng. A deeper channel will allow bigger ships to enter the port and have access to the upgraded RM680 million wharf. “This is what the state has […]

  • 13 September 2012

    The hive of industrial development in Samalaju is creating opportunities for players to cater to increasing demand for cargo handling in the immediate to long term for both the Samalaju and Bintulu ports, consequently benefitting Bintulu Port Holdings Bhd. The two ports are expected to see increases in cargo demand of 13 million to 14 […]

  • 11 September 2012

    The Sultan of Johor, Sultan Ibrahim Almarhum Sultan Iskandar, said that the RM22bil Mersing Laguna project had been cancelled after the developer failed to fulfil a condition in the agreement. “The developer, Radiant Starfish Development Berhad, had failed to raise the paid-up capital to RM200mil within six months as required under the agreement signed on […]

  • 10 September 2012
    Business & Finance, Equipment, Technology

    Cargotec Terminal Solutions Sdn Bhd, a well-known equipment and services provider to some of the major ports in Malaysia, expects to reap the benefit of the rising demand from the industry going forward. Currently, the port industry has regained its momentum after much of its plan was put on hold due to the global economic […]