The Malaysian port of Tanjung Pelepas, a joint venture between APM Terminals and the MMC Group, will invest $168m to expand its capacity in 2022.
Last month, the Port became the first container terminal in Malaysia to reach 11 million TEUs throughput capacity in a year, representing a 14% increase over 2020. At an event on January 7, 2022, Transport Minister Datuk Seri Dr Wee Ka Song and Johor Menteri Besar Datuk Hasni Mohammad disclosed the final volume amount.
Dr Wee ka Song said, “At a time when other ports around the world are still dealing with the effects of the ongoing Covid 19 pandemic, rising freight costs, port congestions, vessel blockages, equipment and manpower shortages, and many other issues, PTP has shown great resilience in navigating through these challenges.”
“The port, which presently has a capacity of 11.5 million twenty-foot equivalent units (TEUs), would grow to 12.5 million TEU within the next six months. In addition to the continuing yard expansion, we will receive 18 new Quayside and Yard Cranes,” stated Chief Executive Officer Marco Neelsen.
“Furthermore, we aim to add one more berth next to Berth 1 that we want to use, among other things, to expand our footprint for cargo to and from Sumatra,” he told media on January 7, 2022, at the PTP 11 million TEUs milestone celebration.
“We are actively expanding our Free Zone by developing an 81-acre plot in Tanjung Adang, which is expected to be completed by early 2023,” he stated.