Jasa Merin parent Silk Holdings Bhd announced that its Oil and Gas Division, which continued to be the group’s main source of revenue and operating profit, recorded revenue for its FY13 third quarter of MYR74.4m slightly lower than MYR76m recorded...

Malaysia's Global Carriers Bhd remained in the red in the first quarter, posting a MYR3.96m ($1.24m) loss although this narrowed slightly from the MYR4.81m loss posted in the first quarter of last year.

Little known Luster Industries Bhd has reportedly been invited by the Kedah government to take part in the Kuala Muda port development project, its group managing director Lim See Chea was quoted as saying.

The Malaysian Shipowners' Association (MASA) is asking for financial assistance from the government as they continue to struggle with the weak shipping conditions and high operating costs, MASA chairman Nordin Mat Yusoff was quoted as saying.

Hundreds of cargo transport companies went on strike at Jakarta's Tanjung Priok port yesterday against an alleged monopoly attempt claiming around 785 companies at the port have been forced to cease operations, according to local media reports.

Westports Malaysia, operator of the country's busiest port, is gearing itself for an initial public offering (IPO) in October this year that could raise up to $500m, reports said.

Five companies have submitted tenders for  the Samalaju Port project's breakwater package worth more than MYR400m ($132.4m).

Malaysia's Northport has taken delivery of two new quay cranes for its Container Terminal Two, raising its total number of quay cranes to 28 . The super post-panamax cranes are part of a MYR170m six-crane order made by the port to boost increase...

Malaysia-based MMC Corp has earmarked MYR2.02bn ($676.83m) to upgrade its ports in Johor in a bid to attract more shipping companies and to stay competitive.

Suria Capital Holdings' ports unit Sabah Ports will invest MYR229m ($77.2m) over the next two years to boost port facilities and equipment.