Glen Hilton is PTP’s new CEO

Hilton’s career includes twelve years with various ports in the DP World Group: prior to this he was DP World’s managing director/VP SE Asia and his roles included the turnaround of Caucedo terminal in the Dominican Republic and the successful start up of the Ho Chi Minh City container terminal in Vietnam.

Datuk Mohd Sidik Shaik Osman, PTP’s chairman said, “Glen Hilton’s track record and extensive experience in managing ports and delivering results makes him the ideal candidate for this position [and] we look forward to him stepping into his new role to continue PTP’s development and expansion plans.”

The expansion, costing RM1.4bn (US$450m), involves building two new berths, three container yards, the purchase of new cranes and electrifying the existing fleet of (E RTGS). Construction of the 720 m of new berths has already started with completion slated for May 2014. The expansion, which will raise PTP’s annual handling capacity by 25% to 10.5m teu and increase the number of berths to 14 with total quay length of 5km, will complete Phase 2 of PTP’s master plan.

When completed, the new berths and equipment will be able to handle the Maersk Line Triple – E new generation 18,000 teu capacity container vessels, elevating PTP to one of only six global ports (in company with Felixstowe, Bremerhaven, Rotterdam, Yantian, Shanghai and Ningbo), selected by Maersk Line for its “Daily Maersk” programme.

In 2012, PTP handled 7.7m teu to rank 17th in CM’s World Top Container Ports report and consolidating its position as Malaysia’s largest container handling facility. PTP also added MSC as a customer during the year in addition to new independent vessel sharing agreements services with various shipping lines.

For 2013, PTP is targeting a volume growth of approximately 6% to more than 8m teu.

“PTP has seen annual average volume growth of 13% per annum since it began commercial operations in year 2000 [and] we are currently in the planning stage of Phase 3 in which we will initially construct three berths of 1.5km for completion by 2018,” Sidik concluded.

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