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Port of Tanjung Pelepas to invest $168m after record 2021

PTP The Port of Tanjung Pelapas
The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, will invest more than $162m (EUR 150m) to expand its capacity this year.

Tanjung Pelepas became the first container terminal in Malaysia to surpass 11m teus volume in a year last month; PTP registered a total volume of 11.2m teu at end 2021, a 14% increase on 9.8m teu in 2020.

“At the time when other ports around the world are still reeling from the impact caused by various business and operational issues due to the ongoing Covid 19 pandemic, rising freight costs, port congestions, vessel blockages, equipment and manpower shortages and many more, PTP has shown great resilience in navigating through these challenges,” Transport Minister Datuk Seri Dr Wee Ka Song said.

“The port, which currently has a capacity of 11.5m teu would grow to 12.5m teu within the next six months. We will receive 18 new quayside and yard cranes, as well as an ongoing yard expansion,” said CEO Marco Neelsen.

"Furthermore, we plan to add one more berth close to Berth 1 which we want to use, among others, to expand our footprint for cargo to and from Sumatra," he told reporters in early January.

Apart from terminal footprint, Neelsen said the investment would focus on improving efficiency and customer experience.

"We are currently expanding our Free Zone with the development of an 81-acre site in Tanjung Adang which is planned to be concluded by early 2023,” he said.

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