Malaysia’s Transport Minister, Anthony Loke, has emphasized the imperative need for ongoing initiatives to strengthen the country’s competitive edge in ports and logistics services. With a focus on attracting increased trade flow into Malaysia, Minister Loke highlighted the importance of continuous improvement in these services to allure larger investments, especially in the face of regional…
In a bold move to redefine global trade routes, Thai Prime Minister Srettha Thavisin is actively promoting the Landbridge project, a $28 billion infrastructure initiative aimed at creating an alternative trade route through Southeast Asia. The proposed 100-kilometer bridge across the Kra Isthmus seeks to bypass the congested and piracy-prone Malacca Strait, cutting transport duration…
Bintulu Port Holdings Bhd, a leading port operator, announced robust financial results for the third quarter ended September 30, 2023, with a remarkable net profit increase to RM32.49 million from RM28.66 million in the corresponding period last year. While the revenue for the quarter witnessed a slight dip, amounting to RM186.53 million compared to RM198.13…
The Tanjung Priok port, a key hub for international container traffic in Indonesia, has reported a robust performance in 2023 across its three major container terminal operators: Jakarta International Container Terminal (JICT), Terminal Peti Kemas (TPK) Koja, and IPC TPK Tanjung Priok. The data, sourced from Logistiknews.id, reveals a positive trajectory with an average growth…
Quảng Ninh Province in Vietnam is proactively enhancing its seaport services and prioritizing the integrated development of ports and wharves with logistics services. The province’s 250km coastline provides an advantageous environment for creating a comprehensive seaport system, including deep-water ports capable of accommodating large vessels, positioning it as a significant center for seaport services and…
The Vietnamese shipping industry faces a challenging landscape, as several enterprises report disappointing third-quarter results, grappling with losses attributed in part to the slow recovery of exports and imports in the third quarter of this year. One notable case is the Việt Nam Sea Shipping Joint Stock Company (VOS), which disclosed a substantial loss in…
The Thai National Shippers’ Council (TNSC) has expressed optimism regarding Thailand’s export prospects, with expectations that the full-year performance will not contract by more than 1.5%. Chaichan Chareonsuk, Chairman of TNSC, cited recent export growth in August and September and continued orders for the final quarter as key indicators of this positive outlook, as reported…
The Ministry of Transport of Vietnam has given the green light to a significant waterway corridors and logistics development project in the southern region, with a total investment of VNĐ3.9 trillion (US$158 million). This project, funded through World Bank loans, aims to bolster the region’s infrastructure, enhance safety, and reduce congestion in waterway transportation. Approved…
The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) is calling on the Thai government to consider Ayutthaya as a prime logistics hub to support burgeoning investments, particularly in the wake of the Chinese-Thai high-speed rail system’s construction. As this railway network development progresses, Ayutthaya is positioned as a strategic location for boosting its…
The textile and garment industry in Vietnam is eyeing a potential upturn in the latter part of 2023, contingent upon the pace of recovery in the export market and the adept management of inventory levels by clothing brands. Recent developments in the sector shed light on both challenges and prospects. After a period of sanguine…
