Kuala Lumpur: The government should prioritise owners in the east of the country and the local shipbuilding industry in its upcoming RM3bn Maritime Development Fund due next year, the cfo of local line Shin Yang Shipping Corp told the Borneo Post. Richard Ling said owners in the east of the country should be given priority inb the loan handout scheme.
“This fund should also support shipbuilding activities with vessels constructed in Malaysian shipyards for export to new international markets,” Ling said.
Ling urged the government to extend tax breaks to the shipping sector through to end 2015, as well as seeing ports cutting tariffs for local firms. [28/10/13]