PETALING JAYA: Transport Minister Datuk Seri Dr Ling Liong Sik has urged the shipping industry to practise healthy competition and comradeship rather than deploying “value destroying” tactics to outdo each other.
He said recent global events, including the Sept 11 terrorist attacks, the West Coast American Union strike and the threat of war in Iraq, had put pressure on the yields of the shipping lines.
“It is important that the spirit of comradeship be enhanced to ensure the shipping community can weather the turbulence and storms of the rough seas together instead of sinking faster through cut-throat competition and 'value destroying' tactics.
“Competition is healthy in terms of service enhancement but 'value destroying' tactics are not desirable for anyone in the long run as these distort the equilibrium of supply and demand in the industry.
“For the welfare of the shipping community at large, all players need to adopt a more professional service attitude,” he said when opening the Malaysia International Ship Owners Association Gala dinner at the Sunway Pyramid Convention Centre last night.
Dr Ling thanked the industry for playing a role in making Malaysia the 17th largest trading nation in the world as 90% of the cargo volume was sea-borne.
He added that strong support from shipping lines had also made Port Klang the 12th biggest container port in the world.
Did you find this article insightful?