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PTP emerges as top Malaysian container port

Blazing the trail, Pelabuhan Tanjung Pelepas, which last year posted 30 per cent increase in throughput to 2.66 million TEUs, has now emerged as Malaysia's top container port as well as staking a claim for the world's fastest growing port.
 
The newest Malaysian port, which commenced operations only in the first quarter of 2000, has recorded a runaway growth level unseen and unprecedented in any part of the world and proudly enters the elite group of world's top 20 container ports that took decades to enter.
 
PTP, which overlooks the world's second largest container port, Singapore, handled a total of about 500,000 TEUs in the first partial year in 2000 and went on to handle an unprecedented 2.05 million TEUs in 2001, the first full year of operations.
 
With the additional 600,000 TEUs handled in 2002 totaling 2.66 million TEUs, PTP dethroned Northport at Port Klang for the number one position.
 
PTP sourced its growth from only two main customers - the Danish-owned Maersk-Sealand and the Taiwanese-owned Evergreen.
 
The port accounted for less than 5 per cent of its throughput to the national trade with the bulk of containers handled comprised transshipment traffic, namely acting as a hub for ships relaying containers from (and to) regional ports to final destinations.
 
The port attributed its strong growth to the shift of Evergreen in late August 2002 from Singapore, which only a year before that lost its number one customer - Maersk Sealand.
 
Evergreen was Singapore's second main customer before it decided to hub its mainline services out of PTP.
 
PTP's chief executive officer of, Mohd Sidik Shaik Osman said, the port's high productivity rising amidst high volumes also demonstrates PTP's excellence in fast gaining its status as S.E. Asia's leading transhipment hub.
 
Based on the traffic volume to be generated by Evergreen for the full year in 2003, PTP is confident of achieving a further 30 per cent year-on-year growth and post a traffic volume that could breach 3.5 million TEUs mark.
 
To handle these increasing volumes, the port has embarked on the development of Phase 2 where reclamation of an additional 8 berths and the physical construction of 2 berths are underway.
 
The completion of the additional two berths will enable PTP to handle approximately six million TEUs annually by early year 2004.
 
The vulnerability of its over-reliance on transshipment as well as its dependence on a narrow customer base is obvious at PTP, which it has no doubt started to address.
 
There is a need to create stronger linkages, especially in promoting the growth of more value-adding services and activities at the port and develop a broader customer base.
 
Mohd Sidik said the company's current focus is to aggressively attract logistics players and investors in PTP's large land bank including the free industrial zone and the distribution park.
 
Companies engaged in distribution have been showing interest to develop distribution hub at the port which has excellent infrastructure links, including road and rail linking the national grid.
 
The shifting of BMW to PTP as an example will also lead towards increasing PTP's competitiveness in attracting other major international players to base their operations and distribution in PTP, he added.
 
PTP currently offers six berths of 360 metres each in length backed by one of the largest container yards in the region with a storage capacity of 110,000 TEUs.
 
Operational equipment includes 24 Super Post Panamax quay cranes, 10 of which have a 22-box outreach. 

               

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