“Unofficially, I can tell you that Port Klang became one of the top 10 busiest ports last year. It has yet to be announced in the international rankings, but by our own calculations, we are among the top 10 right now.

“The Port of Tanjung Pelepas, one of our leading transhipment hubs, on the other hand, is undergoing significant expansion,” Bernama quoted him as saying in his keynote speech at the CGS International Securities Malaysia Sdn Bhd’s 17th Annual Malaysia Corporate Day 2025 in Kuala Lumpur.

He also said Malaysia was intensifying efforts to modernise and expand both Port Klang and the Port of Tanjung Pelepas this year to enhance capacity, improve throughput and position Malaysia as a pivotal regional trade hub.

With a sprawling 1,900-acre (768.90 hectares) terminal and 1,600-acre (647.50 hectares) free zone, the Port of Tanjung Pelepas serves major shipping lines and plays a critical role in the logistics sector.

Parallel to these efforts, the country is exploring the vast potential of the bunkering industry.

With a projected annual growth rate of 4% and a global market size expected to reach US$160 billion (RM718 billion) by 2030, Malaysia is poised to become a key player in this thriving sector, Loke said.

“This aligns with our broader goal to enhance the maritime ecosystem, creating opportunities for growth and innovation,” Loke added.

Loke also said the country is looking at the resources that should be invested into green bunkering.

“And this is where Malaysia should have a greater advantage over other countries, especially our neighbouring countries. Because we produce some of these sustainable fuels. Therefore, we are looking at becoming a producing country instead of a consuming country,” he added.