Sokongan pembiayaan kukuh penting kembangkan sektor bunkering

Malaysia's maritime industry requires stronger financing support from local banks to realize investment potential and enable domestic players to develop operations, particularly in the bunkering sector, according to Maritime Network Sdn Bhd's Chief Executive Officer R Jeyenderan. Bunkering services encompass the provisioning, storage, and management of marine fuel logistics, piping, and supplies for ships and vessels.

While many industry players show interest in the sector, they face challenges in obtaining bank financing due to the perceived high risk, especially for ship purchases and assets related to bunkering activities. Foreign investors often channel funds through banks in other countries rather than local Malaysian financial institutions, causing economic benefits to flow out of the country.

This situation is detrimental, as Malaysia's beautiful waters and high volume of vessel traffic are underutilized. As a result, the country loses significant contributions to the country's gross domestic product (GDP), with bunkering activities decreasing from approximately 600,000 hectares in 2013 to 200,000 hectares currently.

During a Bernama TV program titled "Maritime Industry: Global Challenges, Domestic Impact," Jeyenderan emphasized the need for clearer guidelines, particularly regarding customs documentation, which includes import, export, and other ship-related processes. Industry players frequently struggle to understand diverse documentation procedures set by various agencies, including the Malaysian Customs Department (JKDM), Malaysian Maritime Enforcement Agency (APMM), ports authorities, and port managers.

For instance, understanding the correct operating procedures (SOP) for filing documents K1 to K9 is crucial for consistent compliance. These documents are standard customs declaration forms issued by the JKDM under the Customs Act 1967. Malaysia's maritime industry is on the right track under the 13th Malaysia Plan (RMK13) until 2030, Jeyenderan stated, but management and ensuring the sustainable use of waste materials as aviation fuel feedstock need improvement.