Cut outflow of ‘invisibles’, shippers told


KUALA LUMPUR: Malaysian exporters and ship owners have been urged to work together to reduce the outflow of “invisibles” in the form of freight and insurance. 

Transport Minister Datuk Seri Chan Kong Choy said payment for such services could be reduced with greater utilisation of Malaysian vessels. 

“The Government appreciates the important role played by shipping lines in serving the vital national trade development interest as more than 90% of cargo by volume is sea borne cargo,” he said at the presentation ceremony of MS ISO 9001:2000 certification to Malaysian Merchant Marine Bhd here on Friday. 

“It is the strong support of the shipping lines that has made Malaysia the world's 17th trading nation,” he added. 

SPECIAL RECOGNITION: Chan witnessing the ceremony where Browning presented the MS ISO9001:2000 certification to Tunku Mudzaffar in Kuala Lumpur on Friday.

Moody International Certification (M) Sdn Bhd regional manager Raymond K. Browning presented the certificate to Malaysian Merchant Marine's chairman Tunku Mudzaffar Tunku Mustapha. 

Browning said he was confident that the company would improve its performance and be more competitive both in the domestic and international markets.  

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