Despite the global economic slowdown in 2008, PTP managed to grow its local throughput volumes by approximately 43%, up by 94,000 teu from the 218,000 teu recorded in 2007. According to Captain Ismail Hashim, PTP’s new CEO, this phenomenal growth could be attributed to a number of factors, including the greater number of services for imports and exports made available by shipping lines making new calls at PTP.
These included new services to Australia, New Zealand and Philippines introduced by MISC, Malaysia’s leading shipping company, when it moved its hub from Singapore to PTP in June 2008. The year also saw a new service introduced by German shipping line Hapag-Lloyd, linking PTP with Europe and the Far East.
“The various forms of arrangement between the different shipping lines calling at PTP, such as joint services and slot exchanges, made it possible for local cargo owners to move more cargo through PTP in 2008,” said Captain Hashim.