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Port of Tanjung Pelepas registers 8% growth in 2020

Port of Tanjung Pelepas registers 8% growth in 2020
PTP completed dredging the navigation channel last year

The Port of Tanjung Pelepas (PTP) recorded strong growth of 8% last year, handling 9.8m teu as transhipment demand climbed despite global economic uncertainties and the health pandemic.

There was a surge in transhipment call volume due to increased demand in Asia and Europe while some customers also requested to increase their throughput via the port, which is a joint venture between Malaysia-based MMC Group and APM Terminals.

Marco Neelsen, CEO of PTP, said: “Despite some challenges during Q2 of FY2020, the second half of the year went very positive for PTP with an upsurge of volume due to the opening of countries’ borders and the reviving of the global trade economy for China, trans-Pacific and Europe regions.”

“PTP’s readiness and proactive drive to handle these demands have definitely cushioned the downside scenario and impact of sluggish global trade saw earlier as a result of COVID-19 outbreak and the measures taken by countries to halt the pandemic.”

PTP invested more than RM700m (US$170m) last year in an effort to improve its container handling capacity, capability and reliability.

This featured the procurement of an additional eight super post-Panamax quay cranes, ten electrified rubber-tyred gantry (E-RTG) cranes and the dredging of the navigation channel to provide safe navigational access to the new generation of ultra large container vessels (ULCVs).

Dato’ Sri Che Khalib Mohamad Noh, PTP Chairman, stated: “By investing in our assets, we are further establishing our terminal as one of the best equipped and most technologically advanced terminals in the region and will ensure that PTP can keep up with the rapid changes in the port and shipping industry and subsequently meet the growing demand of our customers.”

During the year, the Malaysian hub recorded its all-time high for container handling in a single month, with 967,783 teu in December, as well as the highest moves in a single shift, totalling 12,411 moves (19,984 teu).