Local banks still don't understand the shipping business well, and its huge potency, despite the fact that they have ratified the mortgage regulation that allows vessels to be used as collateral (for loans). |
The government should seek a breakthrough effort for providing soft loans in order to help accelerate the development of the shipping industry at home. It is not only for shipping lines but also for shipyard companies. |
What makes local players reluctant to go global is partly the fact that there are no ports that are able to handle direct shipments. The country's exporters are therefore at the mercy of port operators in Singapore and Malaysia. |