PTP on track to
hit six million boxes
PORT of Tanjung Pelepas Sdn Bhd (PTP),
one of two major terminals in Johor, is confident of achieving its
volume target of 5.8 million to six million twenty-foot equivalent
units (TEUs) this year despite the global economic slowdown.
Chairman Datuk Mohd Sidik Shaik
Osman said PTP had already handled about 2.8 million TEUs in the
first six months of this year.
Already an established transhipment
hub in South-East Asia where it ranks number 17 on the world’s
most active ports list, PTP is expected to further enhance its
portfolio via import and export boxes.
“The percentage of local cargo
for first six months has increased by 90.44% against same period
last year,’’ Sidik told StarBiz.
“To enhance our local cargo
operations further, we are working closely with some liners to
promote the services at the port to local shippers.”
PTP handled 5.5 million TEUs last
On the prospect of handling more
local cargo, he said, Iskandar Malaysia was poised to grow as
investors throng into the area.
“This will contribute to PTP’s
local volume throughput,” Sidik said.
PTP is 70%-owned by MMC Corp Bhd
and 30% by APM Terminals, which manages about 40 ports worldwide.
Besides PTP, MMC also owns another
port in Pasir Gudang €“ Johor Port Bhd €“ in which it holds
a 100% stake.
Sidik said although PTP was
confident of reaching its targeted growth this year, the slower
economy would inevitably affect the port sector.
“Ports, as an important component
in the logistics and supply chain, will feel the pinch of sluggish
trade,” he said.
Sidik said despite the economic
slowdown in the US and the negative impact on global trade following
the increase in fuel price, ports in South-East Asia still managed
to post growth in throughput volumes for the first six months of
Ports in Asia are probably shielded
from the global economic downturn as the trade within Asia was
growing faster than that with other regions.
Asia-Pacific accounts for over 50%
of Malaysia’s trade compared with less than 20% with the US.
Based on that positive outlook, PTP
is not slowing down on its RM3bil expansion plan.
The port is currently constructing
berth 11 and 12 that would provide another 720m of wharf space at
the south of berth 10, bringing the total length to nearly 4.4km.
“Berth 11 is due for completion
in May and berth 12 in September next year,” Sidik said.
He added that the two new berths
were designed to carry four of the world’s largest and latest
dual-hoist quay-side cranes.
To provide sufficient power to
drive all the cranes, PTP recently constructed a larger electrical
substation with a capacity of 132 kV.
“The construction of the
container yard behind these berths will start after the berths are
“The 32ha yard will provide space
for 40,000 TEUs,” he said.
An additional 25 rubber-tyred
gantry cranes as well as 60 prime movers and trailers are expected
to be acquired to support the operations of the two berths.
The total investment of the two
berths and container yard is around RM750mil.
PTP would commence the construction
of berths 13 and 14 next year, said Sidik.