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Malaysian Shipowners' Association
will hold its annual general meeting
in Shah Alam, Selangor 12th April
2003.
The meeting, apart from taking a
hard look at the growth in domestic
and global trade conditions, is
expected to review a wide range of
industry activities and issues
affecting the shipping industry in
general.
The industry's latest concern
includes the impact of the war on
Iraq for which it was recently
consulted with by the Ministry of
International Trade and Industry,
the National Economic Action Council
as well as the Ministry of
Transport.
The consultations initiated
following a Cabinet directive to
ministries to evaluate the immediate
and long-term impact of the war.
MASA expects the immediate impact to
be somewhat minimal, including some
increases in war risk insurance
premium on ships entering the Gulf
region as well as the impact of
fluctuations in oil prices.
The longer term effects of the war
remain uncertain as this would
depend on the length and damage the
war on Iraq.
MASA is also viewing with anxiety
the developments relating to the
SARs as ports, crews and shipping
lines are being requested to address
the matter by taking appropriate
measures to prevent the spread of
the diseases.
Meanwhile, the meeting, which will
be chaired by its chairman, Dato Hj
Mohd Ali Yasin (CEO/managing
director of Malaysia International
Shipping Corporation) is also
expected to discuss developments
relating to maritime security and
safety, in particular new rules and
conventions that have been
introduced or are expected to enter
into force soon.
The measures include those
introduced by US and adopted by the
International Maritime Organisation. |
