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Port of Tanjung Pepelas box volumes up 8% to record high of 9.8m teu in 2020

Photo: Port of Tanjung Pelepas PTP.jpg
Malaysia’s Port of Tanjung Pelepas (PTP) has posted a record throughput of 9.8m teu in 2020, despite the global economic turmoil caused by the coronavirus (Covid-19) pandemic.

The figure represents an increase of more than 8% from 9.1m teu recorded in 2019.

“Last year, PTP invested more than MYR700m ($173m) in an effort to improve its container handling capacity, capability and reliability by procuring additional eight super-post panamax quay cranes, 10 electrified rubber tyred gantries (ERTGs) and the dredging of our navigation channel to ensure new generation of ultra large container vessels (ULCVs) can safely navigate to our port,” said Dato’ Sri Che Khalib Mohamad Noh, chairman of PTP.

“By investing in our assets, we are further establishing our terminal as one of the best equipped and most technologically advanced terminals in the region and will ensure that PTP can keep up with the rapid changes in the port and shipping industry and subsequently meet the growing demand of our customers,” he added.

Marco Neelsen, PTP ceo explained that the trajectory growth came on the back of the surge in extra transhipment call volumes received by the port due to increase demand in Asia and Europe, as well as requests from customers to increase their throughput in PTP.

“Despite some challenges during Q2 of FY2020, the second half of the year went very positive for PTP with an upsurge of volume due to the opening of countries’ borders and the reviving of the global trade economy with China, transpacific and Europe regions,” Neelsen said.

PTP, Malaysia’s largest container terminal, is a joint venture between Malaysia’s MMC Group (70%) and Netherlands-based APM Terminals (30%).

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