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design demand in next five years is of course
the deployment of bigger container ship both to
provide more space as well as to meet the need
faster ships to cover longer journey. Ports also
play a role in this development by providing
appropriate facilities and services aimed at re‐
gional trade. It is important to highlight that the
implementation of Cabotage policy
(implemented in Malaysia on 1 January 1980)
marked the beginning of an important phase in
the development of shipping in Malaysia. This
will also reflected the growth of national ship‐
ping fleet and the growth Malaysian shipping
companies
Malaysia's largest shipping line, MISC Ber‐
had, launching its 10 th owned chemical tanker,
the Bunga Allium, which sailed from South Korea
to the port of Pasir Gudand. MISC is expanding
heavily into the chemical shipping sector, an
area that expects to be a strong source of
growth for shipping lines. The ship was the third
in a series of eight chemical tanker new‐builds
ordered from the shipbuilder. The delivery is
part of a rapid expansion of the company's
chemical fleet, which expects to receive 15 addi‐
tional ships between 2010 and 2012. Tankers
design characteristics such as bigger L/B ratio
(remains around 5 to 6) as maneuverabil‐
ity ,stability, safety and economically are the
main concern apart from speed still remain. But,
it will be significant changes in size and tonnage
of the tankers are predicted to be bigger in the
future and double hull vessel. With the new
resolution or requirement by IMO to implement
only double hull tankers in world fleet by 2010, it
seems there will be potential in new building for
the next five years by Malaysian maritime player.
Also the non‐liner sector such as require‐
ment bigger and economical AHTS, LNG and
tankers have a good potential in new building
from local maritime player .Our LNG fleet is the
MIMET Technical Bulletin Volume 1 (2) 2010
largest in the world while the tanker fleet is
among the top three in the world. It is expected
that there is a surge of order in the years to
come for AHTS and supply vessel. Average day
rates for larger AHTS vessel in the world market
have increase substantially, from less than £
8000/ day (RM 38,211.12/day) during 1999 to
over £ 51000/ day (RM 243,667.37/day) during
2007.
The growth of tourism industry sector and
Malaysian government is targeting 25.5 million
tourists for 2008 and hope to bring in foreign
revenue of RM50billion [6] . By 2010, the minis‐
try hopes to achieve half of the tourists from
SEA and the rest from other parts of the world.
The passenger ferries trend also keep increasing
showing there is a demand for these kind of
public transportation such as route from Malay‐
sia to Indonesia. The accident of passenger
ferry at Langkawi and Mersing may be give an
impact on the requirement of the new vessels
completes with navigation and safety features.
The enforcement form government agencies to
strictly follow the rules and regulation are the
main reason a requirement of new vessel by
local maritime players.
Malaysia has strong potential to grow its
maritime and shipbuilding industry in the global
front with the partnering of international ship‐
ping company from a big maritime nation. Part‐
nership is a big opportunity for Malaysia to go
further in the maritime industry while proving
the local company's capability and ability to the
point of engaging the trust of a foreign country.
Finally, the Malaysian marine industry is
hoping that the industry rebounds in 2010,
when the global economy begins to recover
from the current recession.
| MARINE FRONTIER @ UniKL
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