OTC Asia 2024
From February 27 to March 1, 2024, NMT will again organize a NL Pavilion at OTC Asia in Kuala Lumpur, Malaysia. Join us and leverage our network and the power of the NL Pavilion. Sign up
Offshore Technology Conference Asia (OTC Asia) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge on offshore resources and environmental issues.
Malaysia's shipbuilding and ship repair market
Malaysia is located on one of the world's busiest waterways, the Strait of Malacca, and is also home to major ports and container terminals. The country has about 100 ship and repair yards. In 2022, Malaysian yards delivered 53 ocean-going vessels (25476 GT in total), most of which were tugs (source: IHS Fairplay). For the somewhat more complex ships and offshore structures built in Malaysia, the country relies in part on foreign engineers and ship offshore designs. The Malaysian government wants Malaysia to become a hub for shipbuilding and repair in the region. To encourage this, they are offering tax breaks to companies that want to invest in this sector in Malaysia.
About two-thirds of the 100 shipyards are located in western Malaysia, such as in: Lumut (Perak), Klang (Selangor), Kuala Terengganu (Terengganu) and Pasir Gudang (Johor). In East Malaysia, most yards are located in Sibu (Sarawak). Generally, they build less complex, small to medium-sized vessels, such as: tugs and pushers, ferries, fishing vessels, patrol vessels, short sea vessels and offshore supply vessels.
In addition to shipbuilding, shipyards also engage in repair work. In addition, there are some major shipyards in the country that can receive ships for repair up to about 450,000 tons displacement (DWT), such as: Malaysia Marine & Heavy Engineering (MMHE), Boustead Naval Shipyard (BHIC), Sabah Shipyard, Sapura Kencana, Nam Cheong and Muhibbah Marine Engineering.
• ABS to qualify novel-design Malaysian support vessel (Aug. 19, 2022)
• Chaos rond bouw nieuwe fregatten Maleisië nog groter dan gedacht (Aug. 16, 2022)
• A plethora of Asian tug completions (Nov. 2, 2022)
- Participation includes
Stand construction including display of your company logo and name
- Stand inventory, electricity and lighting
- Joint central lounge with catering (including lunch)
- NL network reception
- Offer NMT travel and transport arrangements
- Joint PR
- WiFi available in the NL Pavilion
- Support from NMT
The cost per m2 for NMT members is € 1095,- excluding VAT. The cost per m2 for non-members is € 1195,- excluding VAT. Prices do not include travel and accommodation costs.
Subsidy for SMEs; Support International Business (SIB) - Collective Activity
Your company may be eligible for the SIB Collective Activity Subsidy. This scheme allows you to (partially) finance various activities when doing international business. The subsidy amounts to 50% of the costs, up to a maximum of € 2,500.
Click here for more information.
For more information, contact Evy Menheere, Trade Promotion Manager at NMT at T 088 44 51 014 or E firstname.lastname@example.org.