Ahmad Othman News

Kongsberg Maritime has been awarded a contract by HJS Maritime SDN. BHD, Malaysia to deliver two Polaris Ship's Bridge Simulators for use in a new centre of excellence being built for the Malaysian Marine Department. This key contract follows the recent installation of the world's largest 360° marine navigation simulator at the Maritime Academy of Asia and the Pacific (MAAP), Philippines and reflects Kongsberg Maritime's leading marine simulation position in Asia. The contract…

The local maritime industry needs additional funding as the New Shipping Financing Fund (NSFF) will soon be exhausted. Total loans dispensed under the RM1 billion NSFF have reached RM914.2 million. The money was used to buy 58 vessels, of which eight were tankers, nine container ships, nine cargo ships, 20 offshore support vessels, 11 tugboats and one barge. Bank Pembangunan Malaysia Bhd's vice president and head of maritime business development and advisory, Norulhadi Md Sahariff, said the bank provided about RM641 million in loans last year alone because of increased offshore activities and the International Maritime Organisation (IMO) requirement that all single-hull tankers be replaced with double-hull.