MMC Corp said it still plans to list its port unit at the end of next year or in early 2019.
Five top management officials of the Port of Tanjung Pelepas (PTP) are expected to be questioned over the release of a container with high-tech military radar equipment without following proper procedures, local media reported.
Troubled Malaysian offshore support services and storage company Petrol One Resources looks like it is set to benefit from Chinese company Dalian Jinzhou Heavy Machinery Co's project that essentially resurrects the abandoned Asia Petroleum Hub (APH) in Tanjung Bin.
The Port of Singapore is set to be the big winner on the Asia – Europe trade following container shipping alliance reshuffles from 1 April according to Alphaliner.
Malaysian ports conglomerate MMC Corp elaborated on plans to ramp up capacity at its flagship Port of Tanjung Pelepas (PTP) to cater to growing demand from shippers as well as meet the challenge of Singapore’s new port facilities at Tuas.
Malaysia’s Port of Tanjung Pelepas (PTP) has earmarked more than MYR8.6bn ($2.1bn) to invest in new berths and equipment over the next five to 10 years.