The consolidation of international shipping lines will help Port of Tanjung Pelepas Sdn Bhd (PTP) achieve a 5% increase in total throughput volume to 9 million twenty-foot equivalent units (TEUs) from the 8.4 million registered last year.
When asked about the recent wave of the consolidation of shipping lines, with Maersk Line buying out Hamburg Sud, the trans-shipment port’s CEO Marco Neelsen said it has resulted in movement of operation hubs from East Asia to PTP.
“At the moment it is positive but on the other hand my customers’ landscape is changing, so I have to be always alert and watch how it continues … but we cannot be complacent. We are watching the entire industry,” he added.
As at end of September, PTP’s total container throughput stood at 6.6 million TEUs. Neelsen is confident that the 9 million TEUs will be achievable given the fourth quarter of the year being the busiest of the year, predominantly due to the Christmas season which will see cargo moving to Europe.