Kuala Lampur, May 1 -- KUALA LUMPUR, May 1 - The maritime industry is urging regulators to provide clearer guidance on cargo handling practices, particularly involving oil commingling in shore tanks, following key lessons from past corporate failures in Singapore.

Maritime Network Sdn Bhd chief executive officer Datuk Seri Jeyenderan Ramasamy, in a statement, said the collapses of Hin Leong Trading and Ocean Tankers (Pte) Ltd exposed serious weaknesses in how physical oil inventories are reconciled with documentation and financial records.

With over three decades of industry experience, the maritime expert said there is a need for greater clarity in how cargo is handled once it is blended or reclassified at storage facilities.

"The cas...