Cops nab 15 men in shipping industry for misappropriating diesel
KUALA LUMPUR: Police busted a syndicate for misappropriating diesel of the country’s leading oil and gas company after 15 men were arrested in an operation across several states on Monday (Aug 21). Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said all suspects aged between 29 and 52 were detained in […]
International Maritime Organisation nations agree to 2050 net zero emissions goal
WASHINGTON: Countries of the International Maritime Organisation (IMO) on Friday adopted new greenhouse gas emissions strategies for shipping that set a net zero emissions target by about the middle of the century. All 175 states agreed to reach net zero emissions by or close to 2050, taking into account different national circumstances, according to United […]
Sealink significantly cuts group net loss
KUCHING: Miri-based Sealink International Bhd has significantly cut its group net loss to about RM1.1 million in Q22022 from RM7.5 million in Q22021 as revenue rose to RM16.1 million from RM9.99 million previously. Losses per share were reduced to 0.21sen from 1.5sen. Sealink attributed the 61 per cent increase in group turnover in the current […]
Hubline positive on shipping business
KUCHING: Hubline Bhd expects its dry bulk shipping business to remain encouraging and its aviation business to continue perform well in the final quarter of the financial year ending Sept 30, 2022 (Q42022). This is despite the downward pressure on shipping freight rates, the company said in releasing its latest quarterly results, which saw improvement […]
Harbour-Link expects stable freight rates
KUCHING: Harbour-Link Group Bhd expects freight rates for container liners for both domestic and Intra-Asia trade to remain stable throughout 2022. The Bintulu-based company foresees all services provided under the group’s shipping and marine division to maintain and continue with organic growth this year. “Container line service shall remain the key contributor to this division. […]
Govt to ensure progress of state’s shipping industry
KUCHING: Sarawak will ensure the shipping sector is well administered and continues to progress, Transport minister Datuk Seri Lee Kim Shin said. He said since the formation of the state Ministry of Transport, efforts had been taken to resolve some of the issues pertaining to shipping sector. “These issues were addressed, and a decision has […]
