The joint-venture company will deliver the cranes – the last for Phase 1 of the port, bringing the total to 24 cranes – in August next year taking the port’s spending to RM2.4 billion (US$631 million) in Phase 1.

 

At the signing ceremony in Kuala Lumpur yesterday, PTP CEO Mohd Sidik Shaik Osman said the port expected to exceed its volume target of 2m TEU by the year-end.

 

He said PTP, which has the capacity to handle 4.8m TEU, should be able to grow its business by 4 to 5% next year as it expected other lines to call at the port.

 

He would not confirm that Evergreen was one of them. However, it is understood that both parties - Evergreen and PTP - are in active discussions and an agreement is imminent.