LABUAN, May 20 (Bernama) — The Ministry of Transport (MOT) has seen the potential of Labuan to be turned into a regional maritime hub owing to its developing maritime industry.
Its Minister Datuk Seri Wee Ka Siong said Labuan which is strategically located in the heart of Southeast Asia and with natural depth of its waters could be developed into a vibrant economic state and federal territory.
“MOT thinks that Labuan has the ingredients to be a maritime hub in this region, and we should make the effort to realise this plan.
“We want to turn Labuan into an economic vibrant island especially in the maritime-related sectors for the people’s wellbeing here and the MOT thinks the maritime industry can generate economic activities for the people of Labuan,” he said after witnessing the signing of heads of agreement between Victoria STS Sdn Bhd and Fendercare Marine Asia Pacific Pte Ltd on the ship-to-ship cargo transfer collaboration.
He said the newly introduced services of ship-to-ship (STS) cargo transfer in the Labuan port limit of Victoria Bay is a testament to the island’s potential to be a regional maritime hub.
“When we received a marine research (risk) assessment (MRA) from the operator of STS of Victoria STS Sdn Bhd, we can see the potential of this maritime activity to generate economic activity on this island.
— BERNAMA
