Kuala Lumpur: Malaysian Bulk Carriers (Maybulk) saw 2012 full-year net profit plunge by nearly half to MYR66m ($21.2m) from MYR108m the year before while revenue fell to MYR262.3m from MYR363.9m previously.

Kuala Lumpur: Malaysia's MISC Bhd returned to profit in 2012 turning in a net gain of $249.86m recovering from a loss of $574.93m the year before. Revenues however fell to $3.07bn from $3.20bn previously.

Kuala Lumpur: Malaysian shipbuilders specialising in offshore marine are upbeat about market prospects for offshore supply vessels (OSVs). Malaysian based Nam Cheong continues to see demand for anchor handling tug supply (AHTS) vessels, platform...

Kuala Lumpur: Malaysia is aiming to raise its share of the global shipbuilding industry to 2% by 2020 from 1% in 2010, Association of Marine Industries of Malaysia (AMIM) president and chairman Ahmad Ramli Mohd Nor was quoted as saying.

Singapore: The International Chamber of Shipping (ICS) has welcomed a fruitful meeting between governments to enhance navigational safety in Malacca and Singapore Straits, where about 70,000 ships transit each year.

Port Klang: Westports Malaysia is hoping to move about 9m teu of containers at Port Klang upon the completion of its new 600 m wharf by 2014.

Kuala Lumpur: Port Klang's Westports terminal operator Westports Malaysia Sdn Bhd, is reportedly planning an initialpublic offering (IPO) to raise as much as $1bn (RM3.13bn) by as early as next year.

Shanghai:  Swire Shipping, part of the China Navigation Company, has launched a new service operating between Northeast and Southeast Asia.

Penang: Seaport Terminal believes Penang Port cannot compete with the other three major container ports in the Malacca Straits and will instead position it to serve the eastern and western routes of China and India respectively, according to...

Kuala Lumpur: Malaysian seaports recorded growth and improved in world ranking as they handled 4.9% more container throughput in the first half of this year compared to the same period a year ago.