New shipping policy must reduce dependency on foreign vessels


KUALA LUMPUR: The country’s new national shipping policy must not only encourage the development of a robust domestic fleet to reduce dependency on foreign vessels, but also provide more funding to modernise and accelerate the transition to green shipping.

Industry players said, among other things, the policy should prepare Malaysian shippers to navigate the shifting dynamics of global trade and a volatile environment due to unforeseen circumstances such as regional conflicts.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
shipping , policy , green , logistics

Next In Business News

United Malacca among top gainers in early trade after posting higher 2Q earnings
Ringgit opens slightly higher vs greenback on softer US policy outlook
Bursa Malaysia stays positive amid ringgit strength, Wall St rebound
Asia stocks join Wall St rally, brace for BOJ hike
Bank of Japan set to raise interest rates to 30-year high
Trading ideas: SunCon, CIMB, Gadang, Yinson, Advancecon, Axiata, CMS, Binasat, Muhibbah, Systech, Tex Cycle, Aneka, Haily, CTOS, United Malacca
Wall St closes higher on tech rally, soft inflation data
Aneka Jaringan wins RM31mil substructure job
No new India investments for Axiata
Stable growth in 2026�for property sector, REITs

Others Also Read