09 Jul 2003

PTP throughput up 37% in 1H

The Edge Daily

The Port of Tanjung Pelepas (PTP) recorded a 37 per cent increase in container throughput to 1.60 million TEUs (twenty-foot equivalent unit containers) for the first six months this year, up from the 1.17 million TEUs a year earlier.

PTP, the fastest-growing transhipment port in the country, attributed the big jump in container handling to the shift of Taiwan's Evergreen Marine Corporation's hub from Singapore.
Other factors were growth from its other customers in terms of volumes, vessel
service calls and local cargo, according to a statement released on July 8.
PTP chief executive officer Datuk Mohd Sidik Shaik Osman said in the statement PTP would continue its focus on building its land base through additional logistics customers and also to expand its terminal.
Phase Two of the expansion involves dredging and reclaiming an additional eight berths and also building two berths of 360 metres each. This would expand PTP's current capacity of between 4.5 million TEUs and five million TEUs per annum by another 1.5 million TEUs.
Phase Two development, which commenced in August 2002, is on target to be completed in early 2004.