Malaysia checking bunkering laws bid to encourage ships to refuel through the Straits of Malacca

biggest bunkering centre

Malaysia is presently checking its bunkering laws in a bid to encourage ships to refuel in the nationthrough the Straits of Malacca, Transport Minister Anthony Loke said on Tuesday (Sep 10).

According to the local press, Malaysia has lost bunkering to its neighbour Singapore over the years.

“All vessels arriving at ports and crossing the Malacca Straits need to refuel, but most of the moment bunkering is taking place in Singapore,” Mr Loke was cited by MalayMail as stating.

With revenues of 49.8 million tons of petrol in 2018, Singapore is the world’s biggest bunkering centre.

Mr Loke said that Malaysia needs to create a supply, regulatory and implementation environment.

“We need to offer shipping lines trust that Malaysia’s bunkering is secure and we can be transparent,” he informed journalists.

The minister confessed that bureaucracy hinders the local bunkering industry’s development, with too many laws and procedures keeping away prospective participants in the sector.

As such, reviewing and streamlining laws is the first phase. The Ministry of Transport and the Ministry of Domestic Trade and Consumer Affairs will undertake this assignment.

“We already have our first official-level sessions between the two ministries, and that will set the basis, of course,” said Mr Loke, according to the Star.

“I’m also going to have a conference with the minister himself to finalize the information and develop extensive strategies on how to push our bunkering sector forward.”

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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