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Maritime industry to rally


Locally, Malaysia’s port operator, Westport Holdings Bhd, had said its container volume declined by 4% for the first nine months of 2020 as compared to the same period last year.
PETALING JAYA: Global maritime trade is expected to fall 4.1% in 2020, as the health pandemic has taken a toll not only on the supply chains but also shipping networks and ports, resulting in plummeting cargo volumes, of which Malaysia was not spared.
The industry has also been dealing with the knock-on effects of growing trade protectionism and inward-looking policies, according to the United Nations Conference on Trade and Development (UNCTAD) in a report last month. ....

Malaysia General , Association Malaysia , Westport Holdings Bhd , United Nations Conference , Shipping Association Malaysia , மலேசியா ஜநரல் , சங்கம் மலேசியா , வெஸ்ட்போர்ட் ஹோல்டிங்ஸ் ப்ட் , ஒன்றுபட்டது நாடுகள் மாநாடு , கப்பல் போக்குவரத்து சங்கம் மலேசியா ,

Maritime industry expects to rally after pandemic shockwave


Maritime industry expects to rally after pandemic shockwave
20 Dec 2020 / 10:20 H.
Pix for representational purpose only.
KUALA LUMPUR: Global maritime trade is expected to plunge 4.1 per cent in 2020, as the health pandemic has taken a toll not only on the supply chains but also shipping networks and ports, resulting in plummeting cargo volumes, of which Malaysia was not spared.
The industry has also been dealing with the knock-on effects of growing trade protectionism and inward-looking policies, according to United Nations Conference on Trade and Development (UNCTAD) in a report last month.
Locally, Malaysia’s port operator, Westport Holdings Bhd had said its container volume declined by four per cent for the first nine months of 2020 as compared to the same period last year. ....

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