Diesel Bound For Australia Not Owned By Malaysia -- Fahmi

KUALA LUMPUR, April 22 (Bernama) -- The 200 million litres of diesel shipped to Australia do not belong to Malaysia, said Communications Minister Datuk Fahmi Fadzi.

Malaysia Consumes 700,000 Barrels Of Oil Per Day, Double The Daily Production -- MOF

KUALA LUMPUR, April 18 (Bernama) -- Malaysia still needs to import crude oil despite having its own oil production because domestic consumption is much higher, at about 700,000 barrels per day, compared to the 350,000 barrels produced per day, according to the Finance Ministry (MoF).

Petronas Takes Delivery Of One Million Barrels Of Iraqi Crude Via Ocean Thunder

KUALA LUMPUR, April 18 (Bernama) -- Petroliam Nasional Bhd (Petronas) on Saturday confirmed that the vessel Ocean Thunder has arrived in Malaysia, transporting one million barrels of crude oil originating from Basrah, Iraq.

Malaysia Balances Legal Rights With Diplomacy As Strait Of Hormuz Blockade Tests UNCLOS

KUALA LUMPUR, April 16 (Bernama) – Malaysia’s ability to negotiate with Iran to secure safe passage for its crude oil imports through the vital Strait of Hormuz is not indicative of a failure of the principles of international maritime law, but rather reflects the reality that rights under law often require diplomatic backing, said a logistics expert.

OSV Operators Set To Gain As Oil Firms Shift Focus From West Asia

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 24 (Bernama) – The decision by oil companies to shift away from West Asia and support offshore crude oil exploration in Southeast Asia could potentially benefit offshore support vessel (OSV) operators.

Prolonged West Asia Conflict Could Disrupt Malaysia’s Fertiliser Market -- FIAM

KUALA LUMPUR, March 19 (Bernama) -- The ongoing conflict in West Asia, if prolonged, could lead to severe structural disruptions in the Malaysian fertiliser market, says the Fertiliser Industry Association of Malaysia (FIAM).

Funds May Favour Commodity Exporters Like Malaysia Amid West Asia Uncertainties - Economist

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 17 (Bernama) -- Heightened geopolitical uncertainty surrounding developments in the Strait of Hormuz could influence global capital flows, with commodity-exporting economies such as Malaysia potentially better positioned amid rising energy prices.

Megah Port Management, Labuan Port Authority Ink Agreements To Boost Port Operations

KUALA LUMPUR, March 17 (Bernama) -- Megah Port Management Sdn Bhd (MPM) and the Labuan Port Authority (LPA) today signed the operation, facility and management continuation agreement and the leasing agreement aimed at further strengthening port operations and maritime services on this duty-free island.

Bursa Malaysia Opens Lower As Geopolitical Risks Persist

By Zufazlin Baharuddin

KUALA LUMPUR, March 12 (Bernama) -- Bursa Malaysia opened lower on Thursday, weighed down by softer Wall Street performance amid ongoing US-Iran tensions, while crude oil prices remained elevated.

FMM Calls For Export Crisis Task Force Amid Strait Of Hormuz Disruptions

KUALA LUMPUR, March 10 (Bernama) -- A coordinated government–industry response is needed to address the growing impact of the Iran-US-Israel conflict and the disruption around the Strait of Hormuz on Malaysia’s manufacturing exports and maritime trade, said the Federation of Malaysian Manufacturing (FMM).

Uni-Fuels Expands Bunkering Operations Across Thailand To Support Global Growth

KUALA LUMPUR, March 4 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels) announced that its regional operating subsidiaries have expanded its bunkering operations across major and strategic marine fuel supply locations in Thailand, marking a significant milestone in the company’s global growth strategy.

Ship, Cargo War Insurance Surge Amid Middle East Tensions

By Harizah Hanim Mohamed

KUALA LUMPUR, March 2 (Bernama) – The global maritime industry is closely monitoring rising tensions in the Middle East, with hull insurance and cargo war risk coverage skyrocketing in response to the current situation.