Five-year forecast expects 3.4 percent growth across all modes

The Port of Tanjung Pelepas expects throughput growth of 9 percent in 2009 up to 6.1 million 20-foot equivalent units, compared to 5.6 million TEUs in 2008, according to the Malaysian national news agency, Bernama.

The port recently signed an agreement with French shipping company CMA CGM.

Port capacity is 8 million TEUs per year and is expected to grow to 12 million TEUs within five years, said Chairman Mohammad Sidik Shaik Osman.

PTP has been competing successfully to attract cargo business away from its nearby rival, Singapore. The port offers favorable handling rates and tax-free logistics to international companies, according to the Malaysian Freight Transport Report