The Star | Maritime

PTP aims for 11% growth

PETALING JAYA: Port of Tanjung Pelepas, the single largest terminal in Malaysia by volume, aims to grow the handling of twenty-foot equivalent units (TEUs) by 11% this year against 2011.

Daewoo Q4 net profit down 62%

SEOUL: South Korea’s Daewoo Shipbuilding and Marine Engineering said its fourth-quarter earnings slumped 62% from a year earlier as it built more low-priced ships and raw material costs rose.

Dry-bulk fleet rates fall by 40%

PETALING JAYA: The Baltic Dry Index (BDI), the barometre of dry-bulk shipping rates, has fallen to a mere 753 points, mainly due to lower demand of raw materials and oversupply of ships.

Penang Port sees slow 2012

GEORGE TOWN: Penang Port Sdn Bhd is targeting for the container cargo handled at its North Butterworth Container Terminal (NBCT) to hit 1.278 million 20-ft equivalent units (TEUs) this year, an increase of about 7.4% from last year.

News

Demand for tugboats very encouraging, says TAS

KUCHING: Shipbuilder TAS Offshore Bhd, which sold nine tugboats between September and November last year, has received many enquiries for new orders.

Choppy outlook for shipping

SECTOR seen to be sailing into rough waters this year on global economic woes.

DHL positive on SMEs

KUALA LUMPUR: DHL Express (M) Sdn Bhd plans to continue investing in new vehicles and IT systems amid a positive outlook for the small and medium-scale industry.

EU mulls expanding anti-piracy mission

BERLIN: The European Union (EU) is weighing expanding its anti-piracy operation off the Horn of Africa to include targeting equipment stored on Somali beaches, Germany said on Friday.

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