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How Covid-19 Effected Marine Services in Malaysia

What is marine service?

Marine services Malaysia are port-related operations carried out to provide a secure harbor when moored or at anchor, as well as a safe flow of vessel traffic in port approaches and harbors. 

Boats, ships, oil tankers, and other watercraft can be repaired, maintained, and transported with the help of marine services. Boatyards, shipyards, and marinas typically have facilities for maritime repair and maintenance services. They can overhaul or upgrade boats and ships in addition to carrying out on-water repairs and drydock maintenance. 

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Freight transporters, freight forwarding companies, and businesses that help the offshore oil and gas industry logistically all fall under the category of marine logistics services. 

Steel boat racks and dry-stack storage structures are typically provided by marine storage services. Other marine services including water transportation are also frequently offered.

The maritime industry is categorized into four main the following industries: marine transportation, harbor, fisheries, shipbuilding and other marine transportation, and marine items. 

Malaysia’s maritime industries are crucial for enhancing the local economy. The waters off the coast of Malaysia act as host shipping lanes, offering transport as a medium for prospective economic activities, services provided by ports, shipyards, and tourism. 

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Why Malaysia is considered a significant global transshipment hub.

Malaysia’s advantageous coastline location has been viewed as contributing to its success and progress. Malaysia is a leading maritime nation since it is one of the nations that depend heavily on seaborne trade. 

The Strait of Malacca, one of the busiest shipping channels in the world, is located in Malaysia. With over 80,000 ships passing through these sea lanes each year, this strait is one of the busiest for international shipping and is thought to carry 25% of all traded products. 

As a result, Malaysia is now firmly established as a significant global transshipment hub and a frequent port of call for many types of boats. As evidence of Malaysia’s distinction in the marine industry, government-owned ports including Port Klang and Port of Tanjung were placed 12th and 18th among the busiest ports in the world, respectively. The benefits of shipping and port division have aided in the growth of the Malaysian economy, transforming Malaysia into a marine nation in development.

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Aids that the government provided to the marine services due to the pandemic

In the Malaysian economy, commerce with other countries is quite important. Malaysia primarily exports commodities, particularly petroleum, crude petroleum, and rubber goods, as well as electrical and electronic (E&E) items. 

However, due to the COVID-19 pandemic, the marine services in Malaysia were severely affected, which caused a domino effect on our economy. Due to this, to lessen the burden on those affected by the Covid-19 epidemic, the Malaysian government has introduced economic stimulus packages. 

In general, the stimulus measures have three basic goals: to stimulate the economy, help enterprises, and protect the people of the country.

Although the pandemic has a detrimental impact on the nation’s economy and well-being, it drives the sector to not only improve its capacity for responding to disruptions but also to come up with stronger long-term plans for handling uncertainties and adopt more sustainable operations. 

For instance, it is crucial that shipping companies maintain their unrivaled ability to convey food and medical supplies. 
Therefore, the shipping industries will need to become flexible and resilient in order to adjust to this shifting environment. This shows that, although the pandemic did affect the marine services in Malaysia, there are some silver linings to it.

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