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HomeMaritime NewsRegionsAsiaNo plan to allocate land for third Port Klang terminal yet

No plan to allocate land for third Port Klang terminal yet

No plan to allocate land for third Port Klang terminal yet
The Malaysian government has clarified that it is still looking for a suitable location to expand Port Klang’s capacity, and that both the existing port operators, Westports and Northport, would be given the first right of refusal to develop a third terminal, local reports quoted sources as saying.

Earlier reports had suggested that, in the wake of the Glenn Marine scandal, a possible plot at Pulau Indah might be allocated to NCB Holdings major stakeholder Permodalan Nasional instead. NCB Holdings owns the smaller of the two operators in Port Klang, Northport. Permodalan Nasional is one of Malaysia's top sovereign wealth funds.

There has been talk of a new terminal in Port Klang since 2012 when Glenn Marine Group, which owns and operates a cruise terminal in Port Klang, submitted a proposal to the government to build a cargo port with 3m-teu annual capacity.

This plan however has been hampered by the company's major shareholder becoming stuck in a bribery scandal in the US.

TAGS: Containers Ports Container Terminals Malaysia
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