13MP: Ship fueling supply services to reach RM19.4 bln by 2030
Malaysia's Blue Economy Set for Major Growth
KUALA LUMPUR (July 31): The 13th Malaysia Plan (13MP), covering the period from 2026 to 2030, aims to significantly bolster the blue economy, particularly the marine fuel supply services sector. Projections indicate that this industry could expand from RM14.5 billion in 2024 to RM19.4 billion by 2030. The Economic Ministry’s main document outlines ambitious plans to enhance various aspects of the blue economy, focusing on sustainability and growth.
Strategic Developments in the Blue Economy
The 13MP outlines a comprehensive approach to developing the blue economy, with a dedicated satellite account expected to be fully operational by 2030. A notable increase in modern fishing vessels is anticipated, rising from just eight in 2024 to 45 by the end of the plan. To support this growth, the plan includes the construction and upgrading of fishing vessel shipyards at ten targeted locations, equipped with maintenance and repair facilities.
Key industries targeted for growth include shipbuilding, logistics, fisheries, aquaculture, coastal tourism, and blue renewable energy. The plan emphasizes the importance of sustainable practices to enhance economic growth while protecting marine and freshwater ecosystems. Port infrastructure will also see significant improvements, with plans to expand Port Klang’s capacity through the addition of a third terminal on Carey Island and the Westports 2 container terminal, which will adopt low-carbon practices. Upgrades to port facilities in Sabah and Sarawak are also on the agenda.
To facilitate this growth, existing financial incentives will be enhanced, and new sustainable financing mechanisms will be explored. The plan highlights the role of technology and innovation in addressing ocean waste management and promoting environmental conservation. Regional cooperation will be prioritized in areas such as research, technology transfer, and talent development, aiming to create blue economy hubs in states like Kelantan, Perak, Sabah, and Terengganu to attract investment and encourage youth participation in high-income careers.
Strengthening Biodiversity and Community Engagement
To safeguard biodiversity, the enforcement of the Fisheries Act 1985 will be intensified, particularly in the South China Sea, to combat illegal fishing practices. Amendments to the Act are planned to address the decline in fishery resources. Additionally, traditional community-based fishing methods, known as “tagal” and “tagang,” currently practiced in Sabah and Sarawak, will be expanded to Peninsular Malaysia to protect inland fisheries.
The plan also emphasizes the importance of strategic partnerships with the private sector, non-governmental organizations, and local communities. Collaborative efforts will focus on waste management and beach cleaning initiatives on islands. Furthermore, tourism operators will be encouraged to adopt sustainable practices in energy, water, and waste management. This holistic approach aims to ensure that the blue economy not only drives economic growth but also preserves vital ecosystems for future generations.
