DEVELOPMENT OF THE NEW STRUCTURE FOR MARITIME INDUSTRY POLICY

A comprehensive maritime industry policy that can be adequately monitored to achieve a competitive advantage is important. The Malaysian maritime industry comprises multifaceted sectors that are governed by fragmented government agencies. In this paper, the Malaysian maritime industry clusters comprising three main sectors: shipping, ship industry, ports and terminals is introduced. The competition, location, connection, government and chance factors affect the capability of the Malaysian maritime industry cluster. This paper proposes a new governance structure specifically designed towards sustainable management of the maritime industry. This paper will give a framework for regulatory bodies and the various stakeholders to support the Malaysia maritime industry progressing towards a more competitive and sustainable development of the industry with the aim to become a developed maritime nation.