Freight News has learned that Cabinet has approved the submission of the Merchant Shipping Bill of 2022 to Parliament for further processing.
If promulgated, the Bill will overhaul the current Shipping Act of 1951.
Government Communication Information System said: “Once enacted, the Bill will provide the merchant shipping legal framework to regulate ships’ value chain.
“It will regulate, amongst others, the designing, registration, naming and scrapping of ships.
“These changes will contribute towards reviving the maritime transport sector and also aligning the country with the International Maritime Organization Convention.”