Shipping Fund


To provide financing to listed and non-listed Malaysian companies to stimulate the growth of shipping and shipyard industry

Maximum financing rate : 6% per annum

Maximum tenure : 10 years with 2 years grace period

Maximum financing : 75% of the project cost for secondhand vessel and 90% for new vessel or up to RM100 million whichever is lower

Participating financial institutions / Implementing Ministry / Agency

Eligibility criteria

  • Company listed on KLSE (70% equity controlled by Malaysians)
  • Non-listed company (100% equity controlled by Malaysians)
  • A member of Malaysia Shipowners' Association (MASA)

Purpose of financing
Purchase of new or second-hand ship registered in Malaysia plying domestic or international trade operation

Eligible sector / Types of financing
Shipping Industry

Application procedure
Application to be submitted to BPMB

Bank Pembangunan Malaysia Berhad
Menara Bank Pembangunan
Bandar Wawasan
No.1016, Jalan Sultan Ismail
50240 Kuala Lumpur
Tel : 03 - 2611 3888
Fax : 03 - 2692 8250
Website : www.bpmb.com.my



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