Citigroup revised downward its net income estimate for Malaysia’s Westports Holdings in fiscal years 15 to 17 by 5 percent to 6 percent and reiterated its sell rating on the stock, despite the terminal operator handling a record 2.29 million TEUs in the third quarter.
25 Aug 2015
Malaysia-listed port operator Bintulu Port Holdings warned softness in the domestic container market could further crimp profit, which fell 31 percent year-over-year to 4.9 million in second quarter.
09 Jul 2015
IAG Cargo has reported huge growth out of Kuala Lumpur to North America, Africa and the Middle East this year and expects that to continue following the launch of direct services to the Malaysian capital in the middle of the year.
19 May 2015
Container carrier APL said it will replace its current Singapore West Asia Express (SWX) service in the intra-Asia trade with a new weekly service, branded the Asia Sub-continent (AS1), starting at the end of this month.
27 Mar 2015
OOCL and Yang Ming Line have expanded their joint China-Pakistan Express (CPX) Service by adding a direct call at Adani Hazira Container Terminal, a private facility in West India, starting in mid-April.
19 Mar 2015
Malaysia plans to invest millions of dollars into the transportation infrastructure supporting Port Klang in an effort to boost exports out of the country’s main maritime gateway.
09 Mar 2015
There were 221 kilograms of lithium ion batteries in the belly hold of Malaysia Airlines Flight 370 that vanished in March last year, according to the first comprehensive report into the disappearance of the Kuala Lumpur-Beijing aircraft.
16 Dec 2014
Malaysia’s port of Tanjung Pelepas (PTP) passed the 8 million 20-foot container mark at the beginning of December, although with less than a month left and volumes slowing down, the 2014 throughput target of 9 million TEUs looks well out of reach.