MASA Courtesy Visit to IMO Secretary General, Mr. Kitack Lim in London

MASA Chairman, Mr. Mohamed Safwan Othman and Secretary General, Mr. Shaharuzzaman Baharum paid a courtesy visit to IMO Secretary General, Mr. Kitack Lim on 20th June 2022 at IMO Headquarters in London, United Kingdom.

Taking the opportunity, MASA also deliver tokens of appreciation to Dr. Heiki Deggim and Dr. Jose Matheickal for their invaluable contributions as speaker for Malaysia Maritime Week 2022 conference held in February this year.

Joining the delegation is Maritime Attaché of Ministry of Transport Malaysia.

MALAYSIA SHIPOWNERS’ ASSOCIATION (MASA) COURTESY VISIT TO MARINE HEADQUARTERS, MARINE DEPARTMENT MALAYSIA

PORT KLANG, 26th January 2022 (Wednesday) – The newly-appointed Malaysia Shipowners’ Association (MASA) Chairman, Mr Mohamed Safwan Othman together with Executive Committee (EXCO) members paid a courtesy visit to the Director-General of Marine, YBhg. Dato’ Hj. Baharin Dato’ Abdul Hamid in his office at Marine Headquarters in Port Klang.
Various matters were jointly discussed by both parties in the meeting. Among them involved bilateral strategic cooperation between MASA and Marine Department Malaysia (MARDEP) in the development of Malaysia’s maritime and shipping industry as well as pending issues raised by MASA during previous engagements with MARDEP.
YBhg. Dato’ Director-General of Marine assures his full commitment to provide the best service and in turn drive Malaysia’s maritime economy.
Hopefully this meeting will benefit the development of Malaysia’s maritime industry and shipping sector in the future.

50th Anniversary Malaysia in IMO

London, 19 October 2021

The Honorable Minister of Transport Dato Seri Ir. Wee Kah Siong, accompanied by the Chairman of MASA in a ceremony to commemorate Malaysia’s 50th Anniversary as an IMO member. The event took place at the High Commision of Malaysia in London. In the picture from the left, the Honorable Minister, IMO Secretary General H.E. Kitack Lim, MASA Chairman Dato Ir Abdul Hak Md Amin and Malaysian Ambassador to the UK, H.E. Zakri Jaafar.

Shipowners hope for tax rebates and grants under Budget 2022

TheStar – Friday, 08 Oct 2021

KUALA LUMPUR: The Malaysia Shipowners’ Association (Masa) hopes that Budget 2022 will provide financial assistance for the shipping industry and tax rebates for vessels built in local shipyards.

It also hopes for grants to comply with the International Maritime Organisation regulations on marine engines (IMO 2020) and for high technology and environmentally friendly marine projects such as alternative marine fuel.

Masa chairman Datuk Abdul Hak Md Amin said the Covid-19 pandemic has affected the maritime and shipping industries and many shipping companies are facing financial difficulties.

He told Bernama that given the current state of the shipping industry, adequate financing funds and facilities must be in place, with a focus on financial assistance to existing shipowners struggling for survival.“I would like to emphasise the importance of allowing other commercial banks to manage the maritime and logistics fund, which is currently managed by Bank Pembangunan Malaysia Bhd, and this is also due to the lack of progress in fund disbursement,” he said.

The maritime and logistics development scheme, which was introduced in Budget 2021 and extended until Dec 31, 2023, is expected to aid in the development of seaports and maritime infrastructure.

Abdul Hak emphasised that the industry needs a competitive financing rate for the shipping industry to be at the same level of playing field with other countries like Singapore, Japan, South Korea and China.

The industry is hopeful for tax relief for vessels built in local shipyards, as well as grants or incentives for high-tech and environmentally-friendly marine projects, such as alternative marine fuel, to comply with the IMO 2020, which mandated a maximum sulphur content of 0.5% in marine fuels globally.

He also proposed that the Danajamin Prihatin guarantee scheme be allowed to support Malaysian shipowners.

Malaysia’s shipping industry is a major contributor to the economy as 90% of the country’s trade is from the sea.

To support the industry’s recovery post-Covid-19, government-linked companies should give more opportunities to local players to participate in their trade activities by using local ships and containing the outflow of funds due to less participation from local shipping players. according to him.

“The exports of palm oil is dominated by foreign ships.

“The government should consider introducing a policy for resident Malaysian companies to export using Malaysian vessels to reduce the balance of payment deficit and, simultaneously, give a chance to our local shipping industry to develop and improve their level of competitiveness,” he added.

Source: https://www.thestar.com.my/business/business-news/2021/10/08/shipowners-hope-for-tax-rebates-and-grants-under-budget-2022?fbclid=IwAR1kX60uiL1jUMhUqHxORtT5Ya5G3nT-Owb273lgrqikFeH1QchPP15NpbI#close