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Shipping Fund

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Objective
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
BPMB

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

Contact
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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