Maritime Environmental Scan-Final Report Maritime Environmental Scan-Final Report | Page 13

In contrast, the impact of the global economic turmoil is much lesser on the ship repair segment in the country. The slight increase in ship repair activities could be due to: • High seaborne trade in Malaysia resulting in high number of ships needing repair • High value of government vessel refit programme • Conversion vessel project by a few shipyards in Malaysia East Malaysia has great potential from a geographical aspect, which is important in terms of repair facilities as they would need to be easily accessible by customers. However, there is a limitation due to the river mouth’s depth and air draft issue. As for Peninsular Malaysia, the number of vessels passing the Straits of Malacca had reached to 83,740 in 2016. Some of the shipyards are fully occupied with fishing vessel repair works as there are about 6,000 fishing vessels in the northern part of Peninsular Malaysia. 4 However, opportunities were still lost to neighbouring countries due to limited capacity and capability of local shipyards along the straits. To enhance the prospect of offering SBSR products and services to the international market, Malaysia needs to enhance its capabilities and nurture its manpower to cater for high-end, specialized and revenue-generating activities. Vessels (Imported & Locally Built) in Malaysia (2014-2016) 350 300 250 283 289 2015 2016 225 200 150 100 50 0 2014 Source: Marine Department Malaysia, MIGHT 4 Malaysian Shipbuilding/Ship Repair Industry Report 2017/2018 Environmental Scan – Maritime (Shipbuilding and Ship Repair -SBSR) Sector 9