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REGION IN FOCUS MALAYSIA and the North Sea, where foreign investors that come to support energy projects. Competition is ferce, particu- with their own support networks are welcomed, Malaysia larly around effective mobilization and demobilization mandates the extensive use of local support for offshore projects, but experience and expertise to suffciently sup- energy projects. port offshore O&G and renewable energy projects.

The surge in activity demands a comprehensive range of maritime services to support expanding demand. With its

Prospects integrated shipping, logistics, and marine services portfo- Malaysia’s prospects for the coming years look promis- lio, GAC is well-equipped to meet the diverse needs of the ing, with the development of new technologies offering energy sector and supports projects across multiple loca- more opportunities for new players to enter this market. tions and international borders. The region as a whole is brimming with offshore energy

GAC Malaysia has expanded its operations nationwide, opportunities. Right now, it’s an exciting place to be.

with 17 offces covering 23 ports. The Labuan offce spe- Strategic investments and regulatory reforms are driv- cifcally supports the offshore O&G sector as a supply ing growth in the offshore energy sectors, transforming the base for offshore projects, as does the Kota Kinabalu offce regional market landscape and enhancing its potential role opened in August 2023. in addressing global energy demands. Ensuring the mari-

Increased activity drives steady demand for supply ves- time and logistics sector can support these offshore proj- sels, drilling ships, foating production storage and offoad- ects effectively, be they O&G drilling platforms or wind ing units (FPSOs), as well as port facilities and yard space farms, is vital if Asia Pacifc is to realize its energy potential.

JULY/AUGUST 2024 OFFSHORE ENGINEER 33