KUALA LUMPUR: Maybank KE Research is maintaining its Buy call on Alam Maritim and raised the target price by 16% to RM1.30. It said on Monday it had upgraded its earnings forecast by between 9% and 11% for FY14-FY15 on higher contract wins assumptions. “We now expect Alam to win up to RM600mil of inspection …
Read more »Mark RALSTON / AFP / Getty Images Chinese paramilitary police march past the gates of the Indian embassy in Beijing on May 9, 2013 In mid-April, a platoon of Chinese soldiers trooped some 20 km into territory considered India’s and pitched tents and unfurled banners. When detected by Indian forces, the Chinese refused to leave, triggering …
Read more »Mark RALSTON / AFP / Getty Images Chinese paramilitary police march past the gates of the Indian embassy in Beijing on May 9, 2013 In mid-April, a platoon of Chinese soldiers trooped some 20 km into territory considered India’s and pitched tents and unfurled banners. When detected by Indian forces, the Chinese refused to leave, triggering …
Read more »Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has displayed a wide spectrum of advanced total maritime solutions at the IMDEX Asia International Maritime Defense Exhibition & Conference in Singapore (May 14-16). IAI’s advanced multiple-intelligence concept for Exclusive Economic Zone (EEZ) protection will be showcased during the exhibition. Developed by IAI unit ELTA Systems Ltd. this …
Read more »Indian ocean subduction zones. Credit: University of Southampton SOUTHAMPTON, England, May 13 (UPI) – The risk of Indian Ocean earthquakes and tsunamis similar to the 2004 Sumatra disaster is greater than previously thought, researchers say. British and Canadian scientists said the risk in the western Indian Ocean of an earthquake-caused tsunami that could threaten the …
Read more »And why Indian businessmen have a gloomier view America’s upper and working classes have grown very far apart Seeing a sinister design behind every Chinese utterance will only make it more difficult to negotiate a settlement It’s likely that probe into KYC violations will be delayed or derailed, while Cobrapost’s funding would be scrutinised Source
Read more »New Delhi: After incursions in Ladakh, China has now flexed its muscles in the Indian Ocean. The Indian Navy has expressed concern about increasing presence of Chinese navy’s submarines and warships in the region. Defence Minister AK Antony will open the bi-annual Naval Commanders Conference in Delhi on Tuesday. The minister, fresh from flagging off …
Read more »HMCS Toronto disrupted a drug shipment in the Indian Ocean Friday – its third in six weeks – the Department of National Defence said Friday. While searching and inspecting a vessel, the team discovered approximately 195 kg of heroin. To date, HMCS Toronto has interdicted more than a ton of narcotics, the ministry says. On …
Read more »KUALA LUMPUR (May 8): Alam Maritim Resources Bhd, the fourth most-actively-traded stock on the exchange, jumped 6% after the oil and gas support-services company received a contract extension from Petronas Carigali Sdn Bhd. This is for the provision of one workboat to support the upstream operations of the national oil firm. As of 10.47am, Alam …
Read more »Saturday, 11 May 2013, 1:12 pmPress Release: Greenpeace International IOTC fails to protect vulnerable Indian Ocean albacore tuna, sharks – Greenpeace Port Louis, Mauritius, May 10, 2013 – Greenpeace International condemned on Friday the lack of action by Indian Ocean Tuna Commission (IOTC) members to halt the decline of the region’s most vulnerable tuna species …
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