Parent company Johor Corp was quoted in local media as saying that its unit, Tanjung Langsat Port (TLP), is currently in talks with the potential investors and could see a 20% rise in revenue if the deals pan out.
“We are in talks with the potential investors and we hope the deal could be concluded by year-end,” TLP chief executive officer Johari Shukri Jamil was quoted as saying. The MYR115.8 m ($35.6m) Berth 8 and Berth 9 are expected to be commissioned by April 1. The new berths will boost TLP’s liquid cargo capacity from 18m cubic metres per year to 28m cu m. Berth 8 can handle vessels of 60,000 deadweight tonnes (dwt) while Berth 9 can handle up to 110,000 dwt
The increased capacity will enable TLP to handle some 1,000 vessels this year from the 767 vessels handled last year, potentially boosting revenue by 20%.
With the completion of these berths, TLP will have a total of nine berths where seven are designated for liquid cargoes while two (Berth 6 and 7) are designated for dry cargoes, Johari Shukri said.
Last year, TLP handled 11.6m tonnes of throughput, up from 7.9m tonnes the year before. This year it aims to handle total throughput of some 15m tonnes as it expects to take in more vessels.
