Working hard behind the scenes amid the dazzling array of behemoth ships, towering port cranes, stacks of containers and huge cargo loads, workers in the maritime sector and along the maritime supply chain play a key role in ensuring good and raw materials are transported from producers to consumers smoothly and in a cost competitive manner.
Topic:
Development, Economics, International Trade and Finance, and Natural Resources
The announcement by Minister of Transport, Dato' Seri Chong Kong Ha on 11 January 2011 that Malaysian p orts handled a total of 18. 4 mil. TEU in 2010 should bring a smile to port operators in the country.
Topic:
Security, International Trade and Finance, and Maritime Commerce
Malaysia is at a crossroad. It has done well to boost economic growth, thanks to sound economic strategies and management. From being a developing nation dependent upon commodities and agriculture to power its economic growth, Malaysia is now one of the top 20 trading nations. However, it has found itself 'stuck' in so-called 'middle income trap'. The economy, while more diversified today compared to three decades ago, is still reliant upon labor intensive activities and, inevitably, cheap labor. Malaysia's vulnerability to external shocks, as seen during the recession and credit crunch, underscores the urgent need for the nation's economic planners and policymakers to take drastic actions to make the economy more robust and move it up the value chain.
Topic:
Economics, International Trade and Finance, and Maritime Commerce
For a country with Malaysia's size and population, it certainly does not punch within its weight class in merchant shipping. As of 1 January 2009, Malaysia ranked 25th in the list of the most important maritime nations by way of its 0.79% contribution (9.39 mil. DWT) to the global merchant shipping tonnage (UNCTAD, 2009). MISC is the world's largest owner / operator of LNG tankers and a key player in international seaborne energy transportation. A growing number of Malaysian owners/operators of offshore service vessels (OSV) provide their services abroad, and Malaysian captains and officers are coveted for their skills and experience are sought by shipping lines worldwide.
Topic:
International Trade and Finance and Maritime Commerce
The need to address the issue of climate change has become a matter of priority, and players in the shipping industry must stand up and be counted to play their part to reduce carbon emissions. Being a crucial facilitator of trade and at the forefront of activities such as offshore oil and gas exploration and production, expectation is high for the shipping industry to take urgent, meaningful action to adopt green practices.
Topic:
Climate Change, Energy Policy, Environment, and Maritime Commerce
The tremendous growth of shipping activities in Malaysia over the years underlines the value of the maritime sector to its economic well-being and the importance of the seas to the lives of its people. Malaysia has emerged as a leading maritime nation in terms of merchant shipping capacity. United Nations Conference on Trade and Development (UNCTAD) ranked Malaysia 18th in a list of 35 most important maritime countries and territories as of 1 January 2008 in terms of deadweight tonnage (DWT) of its merchant vessels (including national and foreign flagged).
Topic:
Development, Industrial Policy, International Trade and Finance, and Maritime Commerce
Malaysia\'s re-election as a member of Council C of the International Maritime Organisation (IMO) in November 2009 presents an excellent opportunity for this ambitious maritime nation to shine on the international stage. The re-election can be seen as the international community\'s vote of confidence for Malaysia to be the voice of developing nations at the IMO - the United Nations body that oversees the use and management of the world\'s oceans - and promote their interests. Having been given the thumbs-up by IMO members to assume the coveted IMO Council membership once again, expectations are now higher for Malaysia to make a mark at the international maritime platform.
Topic:
Democratization, International Trade and Finance, and Maritime Commerce
The implementation of National Single Window (NSW) as an electronic trade platform augurs well with Malaysia\'s intention to provide the infrastructures and processes to facilitate more efficient trade and generate bigger trade volumes. This commentary argues in favour of conducting trade in an online environment using this platform to enhance the efficiency of the trade supply chain and to increase Malaysia\'s trade competitiveness. It also provides several recommendations to ensure smooth and successful implementation of the NSW.
Topic:
International Trade and Finance, Maritime Commerce, and Infrastructure
Nazery Khalid, Ibrahim Hj Mohamed, and Rakish Suppiah
Publication Date:
10-2009
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
The proposal to build a bridge across the Straits o f Malacca will have significant impacts on the shipping, environment and trade dynamics in the sea lane. This commentary discusses the potential repercussions of this megaproject from th e maritime perspective.
Topic:
Development, Environment, International Trade and Finance, Maritime Commerce, and Infrastructure