• Home
  • News
  • PTP to invest over EUR 150m following record volumes in 2021
  • 2022 January 13 11:23

    PTP to invest over EUR 150m following record volumes in 2021

    The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, will invest more than EUR 150 million (M750 mln) to expand its capacity this year, its chief executive officer, Marco Neelsen said.

    The Port set a new milestone last month by becoming the first container terminal in Malaysia to surpass 11 million TEUs throughput volume in a year as a result of 14% growth vs 2020. The final volume figure was revealed by Transport Minister Datuk Seri Dr Wee Ka Song and Johor Menteri Besar Datuk Hasni Mohammad at an event on 7 January 2022.

    Wee said that the ministry is proud of PTP’s latest and historic accomplishment and congratulated PTP for such an amazing achievement.

    “At the time when other ports around the world are still reeling from the impact caused by various business and operational issues due to the ongoing Covid 19 pandemic, rising freight costs, port congestions, vessel blockages, equipment and manpower shortages and many more, PTP has shown great resilience in navigating through these challenges,” he said.

    Commenting on the growth, Chief Executive Officer, Marco Neelsen said, “The port, which currently has a capacity of 11.5 million twenty-foot equivalent units (TEUs), would grow to 12.5 million TE within the next six months. We will receive 18 new Quayside and Yard Cranes, as well as an ongoing yard expansion.

    "Furthermore, we plan to add one more berth close to Berth 1 which we want to use, among others, to expand our footprint for cargo to and from Sumatra," he told reporters at the PTP 11 million TEUs milestone celebration, which took place on January 7, 2022.

    Apart from terminal footprint, Neelsen said the investment would focus on improving efficiency and customer experience.

    "We are currently expanding our Free Zone with the development of an 81-acre site in Tanjung Adang Which is planned to be concluded by early 2023,” he said. PTP has registered a total volume of 11.2 million TEUs at the end of 2021, a 14 per cent increase in its yearly Volume, compared to 9.8 million TEUs in 2020. It is also among 20 top ports in the world that recorded a double-digit growth last year.




2022 May 19

18:06 Valenciaport detects in April a decline in Spanish export activity
17:48 Border checkpoint opened at Ultramar terminal in Ust-Luga seaport
17:26 CIMC Raffles delivered the first of two record-breaking ships to Wallenius Sol
17:15 ClassNK certifies NAPA Fleet Intelligence and NAPA Performance Monitoring and Optimization, and adds new notations to ships
16:41 New zero-emission Côte d’Ivoire Terminal receives first port equipment
16:12 PortsToronto releases 2021 Audited Financial Statements
16:05 “K” Line Group’s Yokohama Daikoku C-4 Terminal starts operation utilizing renewable energy
15:38 OTEKO obtains ISO 9001 certificate for handling of dry bulk cargo
15:06 Port of Salalah commissions new equipment to increase efficiency and meet demand
14:13 The first ship equipped to utilize future fairway services tested at Port of Kokkola
13:49 Vladivostok Fish Terminal puts into operation refrigerating facility of 7,000 tonnes in capacity
13:02 Wärtsilä completes delivery of 15 LPG fuel supply systems
12:28 Development of programme for Ship Repair, Modernization and Components conference is underway
12:07 MABUX: Bunker Weekly Outlook, Week 20, 2022
12:03 Long-term rates for reefer containers on the key US West Coast to Far East route up 60% in April - Xeneta
11:50 H2-Industries set to clear the oceans of plastic waste and produce clean fuel from innovative ship design
11:32 EU policymakers still need more ambitious green measures - Danish Shipping
11:11 PortNews issues its annual analytical report “Civil Shipbuilding in Russia”
11:03 Ports Long Beach and Los Angeles give update on Clean Air Action Plan
10:36 Global Ship Lease announces new forward charter agreement
09:56 RS developed requirements on usage of alternative fuels
09:53 ZIM reports record financial results for Q1 2022
09:29 Russian oil exports in January-April 2022 declined by 0.6% to 66.3 million tonnes
09:13 Crude oil futures rise on US reserves reduction statistics
08:58 MABUX: Bunker prices may continue downward changes on May 19

2022 May 18

18:35 Jotun's new tool to forecast carbon intensity of vessel operations
17:56 Gasum considers that natural gas imports from Russia could end this week
17:20 RF Government to extend setting of quotas for exports of mineral fertilizers till December 2022
17:06 Port of Antwerp-Bruges & CMB.TECH prepare the first hydrogen-powered tugboat
16:18 Port of Hamburg container throughput up 1.8 percent to 2.2 million TEU in Q1 2022
16:05 Port Houston container volume up 21% to 334,493 TEUs in April 2022
15:18 EU regulators must recalibrate EU ETS reform to ensure shipping industry is green by 2050 - WSC
15:11 Container throughput of Russian ports in 4M’2022 totaled 1.7 million TEUs, down 5.4% YoY
14:48 Throughput of Russian seaports in 4M’2022 rose by 0.1% YoY
14:32 Fluxys and Gasunie join forces to connect Belgian and Dutch hydrogen networks at North Sea Port
14:13 UAE to build LNG plant to double its export capacity - Bloomberg
14:02 Bureau Veritas and Climate Neutral Commodity join forces
13:44 Subsidies for construction of crab catchers at Far East shipyards to be raised from 20% to 28%
13:23 ECSA welcomes European Parliament’s decisive vote on commercial operators and Ocean Fund
13:01 Admiral Makarov frigate may become new flagship of Russia’s Black Sea fleet
12:40 CIMC Raffles delivers the first of two record-breaking ships to WALLENIUS SOL
12:03 Eastern Pacific Shipping and Value Maritime announce agreement
11:49 CF Industries joins the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
10:54 MODIFI launches partnership with DP World to enable digitisation of trade
10:30 The changes in the oil market are tectonic - Vladimir Putin
09:19 Crude oil futures show moderate growth after a recent fall
08:58 MABUX: Global bunker indices to drift lower on May 18

2022 May 17

18:37 United Heavy Lift orders two additional Eco-Lifter newbuildings
18:07 Global shipping community updates Maritime Labour Convention
17:46 Euroseas signs contract for the construction of two additional fuel efficient feeder containerships
17:26 The keel laying of Landing Platform Dock for Qatari Ministry of Defence takes place at the Palermo shipyard
17:06 Norsepower installs Rotor Sail on second Scandlines hybrid ferry
16:35 New data shows future-fuel demand for shipping industry equal to entire current global production of renewables - International Chamber of Shipping
16:22 Atomenergomash manufactured first RITM-200 reactor for icebreaker Yakutia
15:04 YILPORT starts a new X-PRESS Feeders service ACX
14:28 Port of Southampton completes shore power commissioning of three AIDA cruise ships
14:03 Titan LNG and Brittany Ferries embark on a long-term partnership for the supply of fuel for Brittany Ferries’ newbuild hybrids
13:25 Marcor Stevedoring B.V. to operate dry bulk terminal at Steinweg Hartel Terminal
13:16 Sovcomflot’s fleet reduced to 111 ships after recent sales
12:20 DP World breaks ground on its new container terminal, silo and quay in the port of Novi Sad