Building Of Ships And Floating Structures Companies in Malaysia

The maritime sector in Malaysia comprises of a vibrant and diverse group of companies involved in the construction of ships and floating structures. The Malaysian maritime sector has a strong track record in the construction of a wide range of vessels, from small fishing boats to large offshore structures.

The shipbuilding companies in Malaysia are supported by a well-developed ecosystem of suppliers and service providers. The sector is also supported by a number of government initiatives, including the Malaysian Maritime Cluster Fund (MMCF) and the Malaysian Maritime Development Programme (MMDP).

The MMCF is a RM500 million (US$122 million) fund established to support the development of the Malaysian maritime sector. The fund provides financing for maritime companies to undertake shipbuilding and shiprepair projects, as well as to develop maritime-related infrastructure.

The MMDP is a 10-year programme launched in 2007 to develop Malaysia into a regional maritime hub. The programme includes a range of initiatives to support the maritime sector, including the development of maritime clusters, the establishment of a maritime academy, and the promotion of Malaysia as a centre for maritime arbitration.