Malaysia to Strengthen Shipbuilding, Repair Sector

Monday, August 28, 2006
According to reports, aimed at stemming the outflow of capital for the acquisition of marine transport products, especially ships, the Malaysian Government will seek to strengthen the capacity and capability of the shipbuilding and ship repair sector in the country under the recently-launched Third Industrial Master Plan (2006-2020) (IMP3). Giving the push to the shipbuilding and ship repair sector is among the five strategic thrusts for the long-term growth and viability of the marine transport subsector.

Last year, Malaysia imported various marine transport products and it has been estimated that the outflow of the capital for this sector increased by an annual rate of 3.6 percent during the 1996-2005 period. The country imported cruise ships, ferry boats, cargo ships and barges last year. Recently, MISC Bhd announced that it has allocated funds for the acquisition of mainly tankers and containerships.

The perspective IMP3 noted there are 56 companies with manufacturing licences undertaking the building and repairing of commercial and naval vessels. In addition, there are more than 30 smaller shipyards producing mainly wooden hulls for fisherman and traders, smaller ferries, tugboats, barges, standby vessels and patrol boats, leisure craft yachts, cruisers and speedboats. The plan document said during the IMP2 period, major inroads were made in developing the shipbuilding and repairing sector. Source: Vinashin

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

RoRo Launched for Royal Bahamas Defense Force

A Damen RoRo 5612 was launched this month at Halong Shipyard in Vietnam, the shipbuilder announced. The RoRo is one of nine Damen vessels ordered by the Royal

Bollinger Delivers 14th FRC to USCG

Bollinger Shipyards has delivered the 14th Fast Response Cutter (FRC), Heriberto Hernandez, to the United States Coast Guard (USCG). The 154-foot patrol craft

Maritime Museum Christens San Salvador Replica

The Spanish ship San Salvador is the embodiment of California’s origin story. The ship’s voyage in 1542, with Juan Rodríguez Cabrillo at the helm, established California

LNG

MARAD to Host Meeting on Proposed Delfin LNG License

MARAD Announces Public Scoping Meetings for Proposed Delfin Liquefied Natural Gas Deepwater Port Export Facility.   On July 29, the Maritime Administration

ClassNK Releases Guidelines for CNG Carriers

Classification society ClassNK has released its Guidelines for Compressed Natural Gas (CNG) Carriers.   Global economic and population growth is bringing about

Eni Mulls Mozambique LNG Supply Deal

Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0464 sec (22 req/sec)