Batu Pahat News

Today in the containership industry a landmark deal has occurred with the youngest ever containership sent for demolition by Rickmers Marine Trust. The vessel was a seven year old panamax boxship (4250 TEU, 2009 Blt, Built China). She is valued just above scrap at USD 5.87m. In 2016 the vessel fell 62% in value. This year the average change in value in the containership sector is -26% to put this figure in perspective. The main reason for this is that these vessels are becoming defunct now that the Panama Canal has been widened. Since 2 years before the first transit of the new locks which happened a couple of months ago, 2009 built Panamax containers dropped in value by two thirds.

The Maritime Enforcement Coordination Centre (MECC) detained two tugboats for contravening maritime regulations. MECC Director, Laksamana Pertama Mohd Rashid Harun said, in the first instance, a tug-boat from Riau, Indonesia heading for Batu Pahat was detained for not having proper documents when bringing coconuts into Malaysia. In the second incident, a tug-boat was compounded RM5,000 for carrying stones without proper documents. Source: Bernama