Megah Port Reaffirms Commitment To Efficiency, Strengthens Ties With Labuan Port Authority

By Jailani Hasan

LABUAN, April 8 (Bernama) -- Labuan’s container port operator Megah Port Management Sdn Bhd (MPM) has reaffirmed its commitment to delivering efficient, high-quality cargo handling services while working closely with its regulatory partner, the Labuan Port Authority (LPA).

Dayang Enterprise Higher In Early Trade After Securing Petronas Carigali Contracts

KUALA LUMPUR, March 25 (Bernama) -- Dayang Enterprise Holdings Bhd's share price rose in early trading today after securing three work order contracts from Petronas Carigali Sdn Bhd.

Motion Ventures Unveils US$100 Mln Maritime Tech Fund 

KUALA LUMPUR, March 19 (Bernama) -- Motion Ventures, a venture capital fund catalysing digital and energy transitions across global supply chains, has unveiled its US$100 million second fund (Fund II), the largest maritime-focused tech fund to date. (US$1=RM4.44)

Govt's Investment Injection In Sapura Energy 'A Beacon Of Hope' For Vendors

KUALA LUMPUR, March 15 (Bernama) -- The government’s RM1.1 billion investment in Sapura Energy Bhd (SEB) is a crucial lifeline for vendors grappling with severe cash flow challenges due to outstanding payments, amounting to approximately more than RM10 million, offering a much-needed boost to the local oil and gas ecosystem.

Bumi Armada Shares Rise In Early Trade After Securing Contracts

KUALA LUMPUR, March 10 (Bernama) -- Bumi Armada Bhd shares rose in early trade after the group secured two contracts worth a total of RM578.4 million from India's state-owned oil company Oil and Natural Gas Corporation Ltd (ONGC).

Malaysia Must Prioritise Green Shipping As Global Maritime Industry Leans Towards Protecting Environment - Consultant

KUALA LUMPUR, March 9 (Bernama) – Malaysia should embrace and prioritise green shipping trends to remain relevant despite its strategic advantage along the Strait of Malacca, a global management consultant said.

Bumi Armada Bags Two Contracts Worth Rm578.4 Mln

KUALA LUMPUR, March 7 (Bernama) -- Bumi Armada Bhd has secured two contracts worth a total of RM578.4 million from India's state-owned oil company, Oil and Natural Gas Corporation Ltd (ONGC). 

Petronas Seen Maintaining RM50 Bln CAPEX In 2025 Despite Petros Uncertainties

KUALA LUMPUR, Feb 26 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects Petroliam Nasional Bhd (Petronas) to maintain its capital expenditure (capex) at RM50 billion or higher in the financial year 2025 (FY2025).

Analysts Upbeat On MISC Cite Strong Cash Flow

KUALA LUMPUR, Feb 24 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on MISC Bhd, citing its steady operating cash flow and solid balance sheet, which position it well to pursue growth opportunities in the floating production storage and offloading (FPSO) market.

Vortexa Unveils World's First Port-to-port Freight Pricing Platform For Energy Trading

KUALA LUMPUR, Feb 21 (Bernama) -- Vortexa, a global energy and freight market analytics provider, has launched Anywhere Freight Pricing, the first-ever port-to-port freight pricing platform for energy trading.

MISC’s Net Profit Slips To RM1.19 Bln In FY2024 From RM2.12 Bln In FY2023

KUALA LUMPUR, Feb 21 (Bernama) -- MISC Bhd’s net profit for the financial year ended Dec 31, 2024 (FY2024) declined to RM1.19 billion from RM2.12 billion registered in 2023.

SeRenE, Megamas Resources Partner To Establish Semarak MIS JV

KUALA LUMPUR, Feb 21 (Bernama) -- Semarak Renewable Energy Sdn Bhd (SeRenE) has inked a memorandum of agreement (MoA) with Megamas Resources, a Singapore-based marine and offshore services provider, to establish a new joint venture company, Semarak MIS Sdn Bhd.