PTP to handle 2.5 million TEUs with Evergreen
The Star
THE Port of Tanjung Pelepas expects to handle between 2.5 million and 2.7 million TEUs (20-foot-equivalent units) this year, following its success in getting shipping giant, Evergreen Marine Corp from Taiwan, to transfer its operations to the port.
This 30% increase in the handling of container transhipment is expected to help PTP maintain its position as the fastest rising port in the world.
Tanjung Pelepas Sdn Bhd chief executive Mohd Sidik Shaik Osman said the expected contribution from Evergreen was based on its annual handling of 1.2 million TEUs previously from the port in Singapore.
“With the expected recovery in the economy this year, we are estimating that PTP will be handling at least 2.5 million TEUs – and even 2.7 million TEUs,’’ he said.
Evergreen, which signed a service agreement with PTP on April 1, is expected to begin operations from PTP at the latest by the third quarter of this year. The move is expected to save the Taiwan-based shipping company RM21.66mil a year.
Other shipping companies carrying out their operations from PTP include the world’s largest shipping company, Maersk Sealand, which had also transferred its operations from Singapore.