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Buoyant Year For Port Operators, Shipping Industry But Challenges Persist

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 18 (Bernama) -- It has been a strong year for ports in Malaysia as operators pushed ahead with capital-intensive infrastructure upgrading works and rode on the wave of e-commerce growth as well as rising global trade to maintain their competitiveness.

MAHB Records 11.2 Mln Passenger Movements In November, Nearing Pre-pandemic Levels

KUALA LUMPUR, Dec 18 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) reported a total of 11.2 million passenger movements across its airport network in November 2024, reflecting a robust 16.1 per cent growth compared to November 2023 and reaching 96.7 per cent of pre-pandemic levels.

Hong Kong-Taipei Is 2024 World's Busiest International Airline Route, says OAG

KUALA LUMPUR, Dec 18 (Bernama) -- The Hong Kong (HKG) to Taipei (TPE) route has been revealed as the world’s busiest international route in 2024, according to a latest analysis by OAG.

TMK Chemical's IPO Public Offer Oversubscribed By 14.28 Times

KUALA LUMPUR, Dec 3 (Bernama) -- A total of 14,739 applications for 305.54 million shares with a value of RM534.71 million were received from the Malaysian public for TMK Chemical Bhd’s initial public offering (IPO) en route to its listing on the Main Market of Bursa Malaysia, for an oversubscription of 14.28 times.

Northport Breaks Container And Conventional Cargo Annual Records With A Month To Spare

KUALA LUMPUR, Dec 3 (Bernama) -- Northport (Malaysia) Bhd has achieved new annual throughput records in its container and conventional cargo business segments, handling 3,328,508 twenty-foot equivalent units (TEUs) as of Nov 27, 2024, surpassing its previous annual record of 3,324,364 TEUs set in 2021.

Global Shipping Costs To Remain High Amid Tariff Threats, Red Sea Challenges

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 1 (Bernama) -- Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry, including US President-elect Donald Trump’s tariff threats and the situation in the Red Sea.

Airbus Delivers First A330neo For Malaysia Airlines

KUALA LUMPUR, Nov 29 (Bernama) -- Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has taken delivery of its first A330neo aircraft, according to Airbus. 

ACE Market-bound Vanzo Holdings Aims To Raise RM14 Mln From IPO

KUALA LUMPUR, Nov 27 (Bernama) -- Vanzo Holdings Bhd aims to raise RM14 million through its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia on Dec 17, 2024.

MAHB To Sustain Strong Passenger Growth In 2024-2025 -- Analysts

KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) is expected to sustain strong passenger traffic growth in 2024-2025, supported by rising demand from key markets such as China, India, and Southeast Asia.

MAHB Posts Higher 3Q Net Profit Of RM210.37 Mln

KUALA LUMPUR, Nov 26 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) posted a higher net profit of RM210.37 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM94.76 million in the same period last year.

ACE Market-bound Winstar Capital Targets RM19.79 Mln From IPO

KUALA LUMPUR, Nov 26 (Bernama) -- Aluminium products manufacturer Winstar Capital Bhd, en route to a listing on Bursa Malaysia’s Ace Market on Dec 19, 2024, aims to raise RM19.79 million through its initial public offering (IPO).

Chennai-Penang Flight Opens New Opportunities For State’s Tourism Industry

GEORGE TOWN, Nov 25 (Bernama) -- The launch of the direct flight between Chennai and Penang will open up new opportunities for Penang’s tourism industry, thus enhancing the sector's resilience against risks and boosting the state's competitiveness in the global tourism market.