Malaysia Bunkering Association (MBA) has joined hands with Malaysia Shipowners’ Association (MASA) in a move to catapult the domestic maritime industry to the next stage of growth.
The exclusive collaboration, effective for three years, will promote employment of local vessels and provide more opportunities for Malaysian players in bunkering and trade activities.
MBA and MASA have inked a Memorandum of Understanding (MoU) that is expected to help contain the outflow of funds by prioritising local bunkering players. It will also address illegal activities in the bunkering and shipping scene.
Under the MoU, the signatories will share information about their registered members upon request as well as share latest news or regulations pertaining to the Malaysian marine and the International Maritime Organisation.
In addition, both MBA and MASA will collaborate to work with relevant authorities to avoid any redundancies in their pursuit of improvement for the shipping and maritime industries.
Established in 2021, MBA is founded by a group of like-minded Malaysian physical bunkering suppliers to improve the standards of bunkering within the Malaysian ports. MBA strives to encourage co-operation within the industry and also organises activities to attract customers to take bunkers in Malaysian ports.
Meanwhile, MASA is the only national industry organisation representing shipowners in Malaysia. Founded in 1976, MASA has a central role to play in the development of the shipping industry in the country, thanks to its strong rapport with relevant government agencies such as the Ministry of Transport and Malaysia Marine Department.
