Maritime Institute of Malaysia (MIMA) senior fellow, Nazery Khalid, says the shipping industry is facing the most challenging business time stemming from factors like low cargo demand, overcapacity and high fuel price.
KUALA LUMPUR: Malaysia's shipping industry is in urgent need of financial help to maintain capacity, expand fleet, service loans and meet overhead expenses amid the drop in cargo volumes.
Maritime Institute of Malaysia (MIMA) senior fellow, Nazery Khalid, said the industry, despite playing a crucial role in the country’s trade exceeding RM1tril, faced the most challenging business time now.
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