AsiaDry Cargo

Five more for Malaysian Bulk Carriers

Kuala Lumpur: Malaysian Bulk Carriers (Maybulk) has set aside RM400m as it goes about another fleet expansion with five new bulkers eyed which will take its fleet to 27 or 1.5m dwt by 2018.

“Many shipping companies are increasingly running into financial difficulties due to the bleak outlook in the shipping market, but we remain profitable although at a much lower level,” Maybulk ceo Kuok Khoon Kuan said earlier this week. Kuok was pessimistic on prospects for dry bulk this year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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