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Malaysian Shipping Keeping on an Even Keel
Description
The ongoing conflicts in the Middle East have sent shockwaves through the global shipping industry. There has been a dramatic spike in war-risk insurance premiums, fuel surcharges, and general voyage unpredictability. It’s not just shipping lines facing higher costs - even Malaysian ports are feeling the strain. The industry is also currently grappling with a critical shortage of seafarers, specifically senior officers, which has been exacerbated by the increased physical risks of navigating modern conflict zones. How resilient is the Malaysian shipping industry as it navigates the geopolitical and economic headwinds? We speak Captain Cheah Sin Bi, CEO of Orkim Berhad, Malaysia’s largest clean petroleum product tanker operator.
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