MISC, SHI Receive Approval For World’s First Ammonia-fuelled LR2 Tanker

KUALA LUMPUR, Sept 24 (Bernama) -- International maritime corporation MISC Bhd and Samsung Heavy Industries (SHI) have received Approval in Principle (AiP) from Bureau Veritas Marine and Offshore (BV) for the world’s first ammonia-fuelled Long Range 2 (LR2) tanker powered by proton exchange membrane fuel cell (PEMFC) technology.

MIDF Research: Oil Prices Under Pressure As Supply Outpaces Demand

KUALA LUMPUR, June 6 (Bernama) -- Crude oil prices are expected to remain under pressure and could fall below US$65 per barrel (pb) due to persistent oversupply and weaker demand projections, according to MIDF Amanah Investment Bank Bhd (MIDF Research).

Airbus Sees Increasing Demand For A400M Fleet

LANGKAWI, May 21 (Bernama) -- Airbus Defence and Space sees that its A400M is gaining traction across the region, driven by rising demand for versatile air mobility solutions in Asia-Pacific.

Putra Heights Fire Sparks Production Disruptions, Financial Losses For 200 Factories

By Zufazlin Baharuddin

KUALA LUMPUR, April 5 (Bernama) -- The gas pipeline fire incident at Putra Heights has significantly impacted the operations of approximately 200 industrial facilities in the Klang Valley, spanning various manufacturing sub-sectors and company sizes.

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.

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.

M&G Sells Vessel To Thai Company For RM31.54 Mln

KUALA LUMPUR, Feb 20 (Bernama) -- Marine & General Bhd’s (M&G) an indirect wholly owned subsidiary, M&G Tankers Sdn Bhd, has completed the disposal of its vessel JM Sutera 6 for US$7.10 million (RM31.54 million) to Thailand-based company Lion Great Energy Co Ltd.

Milbros UV Graphs Revolutionises Tank Cleaning Practices Across Global Fleets

KUALA LUMPUR, Nov 7 (Bernama) -- Milbros, a Veson Nautical solution and the industry’s most reliable and extensive database of liquid bulk products, has launched Milbros UV Graphs, a product aimed at revolutionising traditional tank cleaning practices across fleets worldwide.

Malaysia Positioned As Bridge Between BRICS And Asean For Driving Collaboration

By Abdul Hamid A. Rahman

KUALA LUMPUR, Oct 25 (Bernama) -- Malaysia’s official admission as a BRICS partner country, along with its role as ASEAN chairman in 2025, positions the nation as a bridge in advocating for regional economic resilience and collaboration between the two blocs.