Category: Petroleum and Gas

MISC positive about higher oil output looking ahead

7 Aug, 2018,  Vincent Wee, Asia Editor, Seatrade Maritime New Malaysia’s MISC was reasonably upbeat on the tanker market going forward but warned that earnings are still being hit as fleet growth continues to put pressure on petroleum freight rates. Pointing to the recent OPEC agreement to raise output by about 1m barrels per day, MISC said: “This development is expected to be positive for tanker markets as demand for crude tankers is likely to pick-up and the Very Large…

Opportunities for Malaysia to develop maritime economy

Friday, Feb 2 2018, The Star KUALA LUMPUR: Malaysia has the opportunities to further develop its maritime economy, with the support of numerous shipyards, ports and terminals, in addition to a prime geographic location. Nazery Khalid, honorary secretary of the Association of Marine Industries Malaysia and head of planning and development, Boustead Heavy Industries Corp  said there were still opportunities for maritime players to tap the Asean market with the Asean Free-Trade Area (Afta) expanding into other regions such as the Middle…

Opportunities For Malaysia To Develop Maritime Economy

KUALA LUMPUR, Feb 1 (Bernama) — Malaysia has the opportunities to further develop its maritime economy, with the support of numerous shipyards, ports and terminals, in addition to a prime geographic location. Nazery Khalid, Honorary Secretary of the Association of Marine Industries Malaysia and Head of Planning & Development, Boustead Heavy Industries Corporation, said there were still opportunities for maritime players to tap into the ASEAN market with the ASEAN Free-Trade Area (AFTA) expanding into other regions such as the Middle East. He said…

IMO Training to Cut Emissions in Malaysian Ports

July 26, 2018 MarineLink Shailaja A. Lakshmi Malaysian maritime officials are touring the Port of Bintulu on Borneo island as part of an International Maritime Organization (IMO)  training package helping countries to reduce emissions in ports. Thirty participants from authorities and ports across Malaysia are taking part in the event (24-26 July), with the aim of gaining improved expertise on assessing emissions in ports and devising strategies to address those emissions. The result – better air quality for local populations and contribution…