KUALA LUMPUR: The reactivated National Shipping and Port Council (NSPC) will ensure that the local maritime industry remains competitive, said the Transport Minister.
Anthony Loke said the main issues to be discussed at the NSPC meeting in two months are to discuss the direction of the maritime industry, addressing current issues and examine related policies to include bank financing as well as challenges related to the shipping industry ecosystem.
However, in Budget 2023, the maritime industry’s allocation was reduced to RM1bil and placed under the maritime and logistics scheme. He emphasised that the size of the bunkering market -- with a four per cent growth annually -- will reach US$160bil in 2030 compared to the world’s bunker fuel market estimated at US$110bil in 2020.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guard killed after retaining wall collapses | The Malaysian Insight73-year-old found under rubble of structure at Wisma YPR, Kuala Lumpur.
Read more »
MetMalaysia: Thunderstorms, strong winds in 11 states, Federal TerritoriesKUALA LUMPUR, May 4 ― Thunderstorms, heavy rain and strong winds are expected to occur in 11 states and the Kuala Lumpur and Putrajaya Federal Territories until 5pm...
Read more »
Fahmi extends condolences over death of actor Ridzuan HashimKUALA LUMPUR: Fahmi Fadzil has expressed his condolences over the death of actor Ridzuan Hashim.
Read more »