13 May 2000

PTP off to a promising start in Quarter One performance

Maritime Global Net

This year, January April 2000, PTP has handled a total of 36,686 TEUs. With 130 calls made until 30 April 2000 including 3 of the world's S Class vessels with a 347 metre length, (Skagen Maersk, Clifford Maersk and Cornelius Maersk), PTP is fairly satisfied with the January April throughput.

Gross productivity levels in the fourmonth period averaged 27 moves per hour per crane.

Shipping lines that called in this period were Hub Line with their regular services to Indo China and Indian Sub Continent and Maersk Sealand which has been calling at PTP as an empty repositioning centre.

17,899 TEUs in this four month period was transhipment cargo, that is about 50% of the total throughput. The remaining throughput was local export and import cargo. PTP positively views this balance as an indication that the Johor hinterland potential is still largely untapped and still significantly feedered to other regional ports.

PTP believes that with Mitsui OSK Lines secured with a fixed weekly calling which began from 30 April 2000 onwards, quarter 2 will see even increased local cargo movement. Nevertheless, PTP is still focussed on main line transhipment and is confident that once it builds the connectivity in Intra Asia routes, other backup port services will also followsuit.

A contributing factor at PTP for shippers is PTP's fully integrated I.T. system where all preclearance of cargo is done through the I.T. system thereby ensuring seamless import and export flow through the main gate. Vessels are also worked on immediately on arrival without delays due to clearance.

Star Cruises has also begun daily calls at PTP thereby contributing towards PTP's long term goal as a complete maritime centre serving all industries. Although the focus is on container transhipment, PTP believes that Star Cruises by attracting customers from Singapore, Johor and Melaka would help towards PTP's brand building efforts.

On the land side, the first four months were largely spent on ensuring that the first Distribution warehouse was completed on time. PTP had also outsourced the management and operations of this warehouse in an ongoing tender. PTP's Distripark Phase One as a result of this, is currently a focus with parties interested to use PTP's Distribution Warehouse as a nucleus point to build up cargo at the port.

The port is currently also holding talks with several main line operators and international terminal operators including Dubai Ports Authority where discussions on possible collaboration in free zone development and other areas are ongoing.

PTP's first three months of trial operations at PTP began on 10 October 1999 31 December 1999, ended with PTP handling 20,471 TEUs.