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PTP set to clinch world ranking status

Pelabuhan Tanjung Pelepas in Johor, that has effectively checked Singapore’s ambition to dislodge Hong Kong for the world number one container port ranking, is itself well positioned to move up to the premier league.

 

Billed as the world’s fastest-growing port, PTP that was ranked 108th world container port in 2000, dramatically shot up to claim the 22nd place last year overtaking several established ports worldwide along the way.

 

PTP, which last month wrested from Singapore the Taiwanese-owned Evergreen Marine Corporation, is ready to move up well within the first 20 ports – an ascent that has no parallel among any ports in the world.

 

With an estimated volume of about 1.2 million TEUs that is expected to be shifted from Singapore by Evergreen Marine Corporation – that includes Evergreen Line, Uniglory Lines and Lloyds Triestino – PTP could marshal more than three million TEUs this year.

 

For the full year next year, PTP could handled close to five million TEUs – that will put the port well ahead of Port Klang that last year managed to retain its 12th world ranking despite ravings to make it into the league of world’s first 10 ports.

 

PTP, which last year handled about 2.05 million TEUs, composed largely of traffic generated by Maersk which holds 30 per cent equity in PTP, expects to handle about 2.5 million TEUs from the Danish line and further 500,000 TEUs from Evergreen group of lines.

 

With prospects of PTP securing at least one more line before end of this year, its performance for 2003 is expected to put it ahead of ports like New York, Tokyo and Dubai and closer in ranking to Antwerp and Hamburg.

 

Meanwhile industry observes expect the critical mass that is building up at PTP is expected to enhance migration of traffic from other neighbouring ports, including its sister port – Johor Port – which like PTP is controlled by Seaport Terminan Bhd.

 

“One such possibility rationalization exercise that could be introduced by Evergreen which has strong presence at Johor and Port Klang,” said a source.

      

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