News on Malaysia.
Two container vessels from APL and Wan Hai have collided off the port Pasir Guadang in Malaysia late Tuesday, report several media. Upwards of 300 tons of bunker oil were spilled from one of the vessels.
The Malaysian state Malacca is planning a billion-dollar investment in a new port for large tankers as part of an aggressive move to conquer part of Singapore's shipping traffic.
Since Indonesia implemented a ban on the export of bauxite directly from the mines, the export from Malaysia to China has exploded. This development comes at the price of a severe environmental problem for which the mining companies will be held responsible.
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
Executive, Operations - BW LPG
