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Port trade mirrors economic recovery

Reflecting the recovery of the economy in the first quarter of this year following its contraction after the September 11 incident, the trade at local ports showed a parallel resurgence by registering 22 per cent growth in container traffic totaling 2.6 million TEUs.

 

Riding on the back of the 1.1 per cent expansion of the economy last quarter as reported by Bank Negera, all major ports in the country recorded positive growth with the highest growths recorded by Bintulu Port (64 per cent) Westport (56 per cent) and Pelabuhan Tanjung Pelepas (34 per cent).

 

Port Klang, comprising Northport and Westport, continued to be the premier container port with a combined volume totaling 1.4 million TEUs in the first quarter of this year compared with 1.1 million TEUs handled the same quarter last year.

 

Northport remained the larger of two ports at Port Klang and still held on to its position as the country’s top container port with a container volume totaling 770,000 TEUs handled in the first three months of this year.

 

Westport handled an impressive 636,000 TEUs, representing 56 per cent increase over volumes handled the previous year.

 

However, the fast-rising PTP appears poised to catch up with Northport with a volume of 735,000 TEUs compared with 546,900 TEUs in the first quarter of last year.

 

The remarkable growth of PTP is expected to be further accelerated in the second half of the year following the recent winning over of the Taiwanese owned Evergreen Line that is expected to contribute about 1.2 million TEUs to PTP for the full year next year.

 

The increase at the recently-opened Bintulu International Container Terminal was significant although this was largely due to the small base from which the port is growing.

 

Volume of containers handled at Bintulu rose from 18,185 TEUs to 29,900 TEUs during the period under review.

 

Both Penang and Johor Port, which suffered reverses last year, saw marginal increase in volume of containers handled to 212,000 TEUs and 198,700 TEUs respectively.

 

Kuantan Port continued its promising growth with a increase of 15 per cent to 29,600 TEUs.

 

The growth of traffic at Penang, Johor and Kuantan however, is significant since unlike Westport, Northport and PTP, the increase in volume of containers at these ports are hinterland cargo requiring only single count.

  

Containers handled Westport, Northport and PTP, which are emerging as transshipment hub ports by handling traffic for third countries, are counted twice or more.

      

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