23 Jan 2016

PTP posts 7% container growth in 2015

The Edge

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KUALA LUMPUR (Jan 22): Port of Tanjung Pelepas in Johor saw container volume increase 7.1% to 9.1 million TEUs (20-foot equivalent units) last year from 8.5 million TEUs in 2014, driven by organic growth of its existing customers.

In a statement today, Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), the operator of Port of Tanjung Pelepas, said its container volume growth was given a major boost following the deployment of 2M Alliance, the world’s largest container shipment collaboration between Maersk Line and Mediterranean Shipping Co SA (MSC) to PTP.

“Similar to last year, we believe that both Maersk Line and MSC are set to aggressively expand their business this year, as the advantages provided by the 2M Alliance will offer greater market options,” PTP chairman Datuk Seri Che Khalib Mohamad Noh said. Che Khalib is also the managing director of MMC Corp Bhd, which owns a 70% stake in PTP. The rest of the port operator is held by Danish shipping group A.P. Moller-Maersk.

PTP said it achieved various milestones last year, including hitting a record monthly throughput of 800,000 TEUs in August and clinching Malaysia’s 2014 Best Port Award.