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NEWS UPDATES 16 June 2009

Malaysian port sees 9% growth in TEUs

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The Port of Tanjung Pelepas (PTP), Malaysia's leading container terminal, is expecting growth of 9 percent in its throughput this year, reported a shipping industry website.

Portworld quoted Malaysia’s state news agency Bernama as saying that PTP, which sealed an agreement recently with French liner CMA CGM, expects to handle 6.1 million twenty-foot equivalent units (TEUs) this year, up 9% from the 5.6 million TEUs last year.

The agreement will see PTP provide container terminal services to CMA CGM to handle some of its regional transshipment cargo.

Prior to the agreement, CMA CGM's vessels are already calling at PTP under a vessel sharing agreement (VSA) with Danish carrier Maersk Line.

The joint services under CMA CGM and Maersk's VSA would contribute about half a million TEUs to PTP total annual throughput, according to PTP Chairman Mohd Sidik Shaik Osman.

PTP has a current terminal handling capacity of 8 million TEUs, and it aims to increase this to 12 million TEUs within the next five years, Mohd Sidik was quoted saying.

The port would then be able to accommodate new volumes of CMA CGM and those of other shipping lines, he added.


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