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PTP hits all time container volume high in August

PTP hits all time container volume high in August
The Port of Tanjung Pelepas (PTP) in Malaysia hit an all time container volume in August boosted by the 2M alliance.

PTP handled over 800,000 teu in August and all time high and said it has seen 8.9% volume growth in the first eight months of this year compared to the same period last year. The port said it was on target to handle 9.2m teu this year.

“With the strong support from PTP’s existing customers as well as volume from new customers, we are confident that PTP is on track to continue significant growth,” said Glen Hilton, ceo of PTP.

While volumes for major ports in Asia on the Far East – Europe trade have been largely stagnant or falling in recent months PTP has received a significant boost from the 2M alliance of Maersk Line and MSC.

While MSC has joint venture, dedicated terminal at PSA in Singapore the alliance with Maersk would have significantly increased its volumes going through PTP as well. PTP is 30% owned by APM Terminals, a sister company of Maersk Line, and is Danish shipping line’s main hub in Southeast Asia.