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Even regional nations like Vietnam and Thailand, which have spent greatly in maritime frameworks such as profession and shipyards, are fast catching up. They might even overtake Malaysia in certain facets of the maritime industry, for instance attracting major line operators and expanding market share in handling transshipment payloads and intra-Asean profession, if Malaysia's maritime sector does not continuously act.

That choice - now referred to K2-I - sent out shockwaves via the insurance sector in New York, with several saying that the court had actually distressed or ignored its own long-established and controlling precedent on this actual concern. In protection, American Guarantee claimed that the loss was not covered, counting on two exclusions in the plan.