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Bintulu expects stronger growth ahead

Bintulu Port Holdings Berhad, owner and operator of Bintulu Port in Sarawak, reported another positive year of growth in its cargo handling.
 
The port handled 25.59 million tonnes of cargo in 2002.
 
The chairman of the company, Datuk Mohamed Adnan bin Ali said the throughput consisted mainly of liquefied natural gas and petroleum products.
 
Liquid bulk cargoes made up 20.28 million tonnes with the rest shared by dry bulk cargoes,1.82 million tonnes and break bulk cargoes, 3.49 million tonnes.
 
Liquid bulk cargo comprises LNG, LPG, crude oil, petroleum products, SMDS, palm oil, ammonia and chemical. Of these, LNG contributed 59 per cent (15.21million tonnes), crude oil 11.15 per cent (2.85 million tonnes).
 
Petroleum products 2.19 per cent (0.56 million tonnes), palm oil 2.91 per cent (0.75 million tonnes),SMDS 1.53 per cent (0.39 million tonnes), LPG 1.5 per cent (0.38 million tonnes), ammonia 0.25 per cent (0.63 million tonnes)and chemical 0.26 per cent (0.67 million tonnes).
 
The dry bulk consist of urea, silica sand, bulk fertilizer, soda ash, palm kernel expeller, sodium silicate and gypsum while sawn timber, veneer, plywood, fibre board, bagged cement, bagged fertilizer and containerised cargo make up the break bulk cargoes.
 
The port received 5,019 ship calls in 2002.The top contributors to vessel calls are liquid bulk vessels (1,500), general cargo vessels (1,870), followed by dry bulk vessels (776)and other vessels (873).
 
Containers handled by the registered an increase of 57.4 per cent from 66,139 TEUs in the year 2001 to 104,081 TEUs containers in the year 2002.
 
Despite the increase in handling of cargo, Adnan noted the overall operational income for the financial year ending 31 December 2002 declined marginally by 2.22 per cent to RM273.33 million.
 
Total expenditure increased by RM10.42 million (5.95 per cent) to RM185.25 million in 2002.
 
Profit before taxation was lower by RM14.56 million from RM117.98 million in the year 2001 to RM103.42 million in the year 2002.
 
Meanwhile, the outlook for the port remains good.
 
Liquid bulk cargo traffic, particularly LNG, is expected to continue to dominate traffic pattern at the multi-purpose deep water port.
 
The optimism comes in the wake of a recent agreement concluded between Malaysia LNG with Tokyo Electric Power Company Inc. and Tokyo Gas Company Ltd. to supply 7.4 million tonnes of liquefied natural gas per annum for an additional period of fifteen (15)years beginning 2003.
 
The export of liquefied natural gas from MLNG Tiga plant in the same year will further increase the total cargo handled at Bintulu Port.
 
MLNG, MLNG Dua and MLNG Tiga upon full operation will have a production capacity of 23 million tonnes per annum.
 
On the container handling front, the port has forecast to handle 128,000 TEUs and 159,000 TEUs for the year 2003 and 2004 respectively.
 
The substantial growth of containers handled resulted from the continuous marketing effort in developing containers sector and positioning Bintulu Port as a containers hub in BIMP-EAGA region.
 
A number of new shipping routes have established during the year.
 
The routes include Bintulu-Hong Kong-Shanghai-Hong Kong-Muara-Bintulu; Bintulu-Sibu-Kuching-Pontianak-Bintulu;and Bintulu-Kota Kinabalu-Sandakan-Tawau-Bintulu-Port Klang.

               

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