A robust maritime industry not only bolsters economic growth but will ensure Malaysia’s ability to protect its interests and respond effectively to emergencies, said Transport Minister Anthony Loke.
He said that emphasising and expanding the nation’s maritime tonnage will positively impact both economic prosperity and national security.
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He said that emphasising and expanding the nation’s maritime tonnage will positively impact both economic prosperity and national security.
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NewsTranscript
00:00Today's event is not just a milestone for MTT shipping, but a significant moment for
00:15the entire shipping industry in Malaysia.
00:19The addition of this new vessel is a testament to the growth and resilience of our maritime
00:24sector.
00:26Growing our maritime tarnish is of paramount importance, not just for the prosperity of
00:32the economy, but for our national security.
00:35A robust maritime industry ensures that we have the necessary resources and capabilities
00:41to safeguard our nation's interests, and respond to any emergencies or challenges that
00:47may arise.
00:48In today's interconnected and uncertain world, the ability to ensure the distribution of
00:54essential goods across all parts of our nation is critical.
00:58And especially after we have gone through the pandemic era, the three years of COVID
01:04pandemic era, it is so important and so crucial that the supply chain must be able to withstand
01:13whatever crisis that we may face.
01:17Many other nations have also declared in recent months that they will focus on growing their
01:22domestic tarnish.
01:23We need companies like MTT Shipping to help us to do the same and take the lead in this
01:31interval.
01:32It is vital that we develop and maintain our own shipping capabilities to ensure the reliability
01:38and efficiency of our supply and distribution.
01:42MTT's shipping commitment to enhancing our domestic shipping capacity plays a crucial
01:48role in this regard.
01:51It is of utmost importance that essential goods and supplies are transported to consumers
01:57efficiently and in a cost-effective manner, especially between East and West Malaysia.
02:04Furthermore, the growth of our maritime industry is a step towards reducing our deficit in
02:10the balance of payments for the transport sector, mainly being freight and insurance.
02:16By building and operating Malaysian-flag vessels, we retain more economic value within
02:21our borders, contributing to a healthier and more sustainable national economy.
02:27This vessel's arrival symbolises progress towards achieving these goals, and I am confident
02:33that MTT Shipping will continue to contribute significantly to our nation's maritime strength
02:39and economic well-being.
02:41The Government will continue to support the domestic shipping industry and enhance the
02:45connectivity between Malaysian ports, especially between Peninsular and East Malaysia.
02:52I think this is so important for our nation, because even though we are separated by the
02:58South China Sea, we are one country.
03:02East and West Malaysia must be integrated economically, politically, socially and culturally.
03:15For more UN videos visit www.un.org