K8 Cargo: Company still in limbo, claims CEO
MARITIME Network Sdn Bhd Chief Executive Officer Datuk Seri Jeyenderan Ramasamy has expressed regret that the company has yet to receive an official explanation or determination from the relevant government agencies regarding petroleum cargo declared...
On August 27, 2026, MARITIME Network Sdn Bhd CEO Datuk Seri Jeyenderan Ramasamy expressed concern over the indefinite status of petroleum cargo declared under K8. From April 27 to August 20, the company had reached out to various agencies, departments, and ministries for clarification but had not received an official decision on the cargo's status.
Jeyenderan regretted that the company had not yet received an official explanation or determination regarding the cargo's storage, mixing, and declaration type. He claimed the company had suffered substantial losses due to the lack of official determination and had been accused of fault despite taking steps to gather information and submit documents to authorities at its own risk and in the national interest.
The absence of an official decision has exposed the company to operational, legal, and business risks, including potential licence revocation and financial and legal consequences under Section 35J(4) of the Customs Act 1967. Jeyenderan offered to assist the investigation and to disclose relevant reports and records to aid the investigation.
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