Federal Government Supports Sapangar Bay Port Expansion
Expansion works will begin on Sapangar Bay Container Port in Malaysia this year, resulting in the facility’s annual capacity more than...
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MTT Shipping
Sep 4, 20203 min read
Global Ship Orders May Take Decade to Mend as Crisis Builds
There’s hardly anyone buying new ships, with orders plunging to a 20-year low due to a potent combination of uncertainty over...
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MTT Shipping
Sep 4, 20203 min read
Box Ships Surpass Tankers with Fitted Scrubbers: BIMCO
Containerships with a total cargo carrying capacity of 5.3 million TEU are now fitted with an exhaust gas cleaning system (scrubber) to...
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MTT Shipping
Sep 4, 20201 min read
Global Trade Seen Rebounding Faster Now Than Post-Lehman
Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to...
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MTT Shipping
Sep 4, 20201 min read
MTT Shipping Supports Kinabalu Pink Ribbon as Breast Cancer Survivors Climb Mount Kinabalu
To commemorate the 10th anniversary of Kinabalu Pink Ribbon (KPR), the association completed their fifth climb to the highest mountain in...
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MTT Shipping
Aug 29, 20203 min read
MITI: July Exports Rise 3.1%, Trade Surplus Soars 57.5%
Malaysia's exports in July 2020 increased 3.1% to RM92.53 billion from that in July 2019, the highest export value ever recorded for the...
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MTT Shipping
Aug 29, 20202 min read
MIDF Revises Malaysia's Export Growth Forecast Upward
MIDF Amanah Investment Bank Bhd has revised Malaysia's export growth forecast upward to -3.5 percent year-on-year (YoY) from -8.3 percent...
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MTT Shipping
Aug 28, 20202 min read
Idle Box Ship Volume Falls Below 1m TEU For First Time This Year
The latest survey by Alphaliner shows that some 90 containerships, equating to over 600,000 TEU of capacity, have found employment in the...
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MTT Shipping
Aug 14, 20202 min read
BNM: Malaysia GDP contracted 17.1% in 2Q20, worst decline since 4Q98
Malaysia’s gross domestic product (GDP) contracted by 17.1% in the second quarter of 2020 (2Q20) mainly due to the movement control order...
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MTT Shipping
Aug 14, 20202 min read
Malaysia's Manufacturing Output Continues Its Rebound
The recovery in the Malaysian manufacturing sector continued in July, according to the headline IHS Markit Malaysia Manufacturing...
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MTT Shipping
Aug 14, 20202 min read
US-China Trade War Does Not Have Major Impact on Malaysia's Trade — MITI
The Ministry of International Trade and Industry (MITI) said Malaysia’s trade with the US in January to June 2020 registered an increase...
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MTT Shipping
Aug 14, 20203 min read
How Steep Will Malaysia's 2Q20 GDP Contraction Be?
Given the unprecedented Movement Control Order (MCO) to contain the Covid-19 outbreak, it is a foregone conclusion that Bank Negara...
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MTT Shipping
Aug 13, 20203 min read
Risk to Global Supply Chain Grows as Overworked Seafarers Halt Ships
A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by...
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MTT Shipping
Aug 10, 20201 min read
Strong Rebound in IPI Reflects Further Resumption Of Economic Activities - RHB Research
The strong rebound of Malaysia’s Industrial Production Index (IPI) in June reflected the further resumption of economic activity under...
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MTT Shipping
Aug 10, 20202 min read
Government Agrees to Remove Export Permit for Processed Food, Floriculture — MPC
The government has agreed to remove the export permit issued by Malaysia Quarantine and Inspection Services (MAQIS) for exporting goods,...
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MTT Shipping
Jul 28, 20202 min read
Malaysia’s Exports Rise 8.8% To RM82.9b In June, Recovery from Covid-19 Impact Seen
Malaysia’s exports bounced back to record an increase of 8.8% to RM82.9 billion in June from a decline of 25.5% in May 2020, according to...
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MTT Shipping
Jul 3, 20203 min read
CM: Proposed Sarawak Petrochemical Hub Expected to Create 74,000 Jobs
The proposed Sarawak Petrochemical Hub, when fully operational, is expected to create 74,000 new jobs, which could potentially contribute...
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MTT Shipping
Jul 3, 20202 min read
Ismail Sabri: Foreign Sailors on Malaysian Ships Not Barred from Entering
Foreign nationals working on Malaysian vessels as sailors will not be barred from entering and exiting the country, Senior Minister Datuk...
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MTT Shipping
Jul 3, 20201 min read
Idle Fleet Shrinks as Carriers Resume Some Halted Loops
The inactive containership fleet continued to shrink to 453 ships for about 2.32 MTEU as of 22 June, a decrease of almost 300,000 TEU...
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MTT Shipping
Jul 3, 20202 min read
New Research Center to Help De-Carbonize Shipping
A start-up donation of DKK 400M (USD 60M) by the A.P. Møller Foundation has kick-started the formation of the Center for Zero Carbon...
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