Malaysia’s Pelabuhan Tanjung Pelepas to Invest in Capacity Build-Up
Malaysia’s container terminal Pelabuhan Tanjung Pelepas (PTP) Sdn Bhd has earmarked RM500 million ( USD 118.4 million) for investment in the port modernization next year.
The capital expenditure will be assigned for purchasing of new equipment including rubber-tyred-gantry (RTG) cranes and key cranes within the framework of the port’s capacity bolstering plans.
Speaking to reporters, PTP Chief Executive Officer, Glen Hilton, the port aims to be able to handle 15 million TEUs in 2018, almost doubling its current capacity of 8.3 million, recorded this November.
By the end of the year, the port is set to achieve a total container volume of 9.2 million TEUs amid growing demand for transshipment industry, especially in Southeast Asia.
The equipment is expected to start delivery in the third quarter next year, Hilton is quoted by Bernama as saying.
Based on the company’s website data, the terminal is currently equipped with 57 Super Post Panamax cranes, 10 of which have a 22-box outreach catering for the next generation of Super Post Panamax vessels.
Located in south-western Johor, Malaysia, PTP is a subsidiary of MMC Corporation Berhad (MMC) and is part of the APM Terminals Global Terminal Network, which holds a minority share in the joint venture.
World Maritime News Staff