Putrajaya: Transport Minister Anthony Loke has confirmed that Malaysian vessels navigating the Strait of Hormuz amid the ongoing regional conflict will not be subjected to any toll charges. He conveyed this information following a National Economic Action Council (MTEN) meeting held in Putrajaya, where Prime Minister Datuk Seri Anwar Ibrahim shared the details.
According to BERNAMA News Agency, Iran's Ambassador to Malaysia, Valiollah Mohammadi Nasrabadi, informed Malaysian officials that Malaysia is considered a friendly nation with strong diplomatic ties, hence no toll will be imposed on Malaysian vessels. Loke shared this update with reporters after attending a mock cheque presentation ceremony at Sekolah Menengah Jenis Kebangsaan Cina Chan Hwa.
On the impact of the West Asia conflict on the domestic aviation sector, Loke noted that there are currently no major disruptions apart from rising fuel costs. The ministry is actively engaging with industry players to maintain control over the situation. Some airlines are considering operational adjustments, such as merging flights, to enhance efficiency, especially when load factors are low. These measures are seen as temporary solutions to manage higher jet fuel costs.
Loke also addressed the shipping sector, stating that discussions are underway between the government and industry stakeholders to develop a more structured and standardised surcharge mechanism. This initiative aims to ensure fair and sustainable pricing. The Malaysia Shipowners Association (MASA) has already presented its views to the MTEN, advocating for improved management and governance of surcharges.
Regarding ongoing projects, Loke stated that no initiatives under the ministry will be halted. However, priorities may be adjusted according to the Prime Minister's directive to focus on projects that offer the greatest benefit to the people and economy. He reassured that there are no budget cuts at present, and project prioritisation is being closely monitored.
In his earlier remarks, Loke encouraged adopting simple measures like better travel planning, carpooling, and using public transport to maintain a stable energy supply. He also urged the corporate sector to adopt efficient energy practices. The government is currently operating in a 'crisis mode', with MTEN meetings scheduled weekly to ensure fuel supply stability, despite Malaysia being an oil-producing country.
Loke also mentioned an upcoming meeting with e-hailing operators to explore initiatives such as carpooling to improve fuel efficiency. He warned that the ongoing conflict could have prolonged economic effects, potentially lasting between six and 24 months, depending on its duration.