PTP anticipates bright future, double digit growth next year

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Glen Hilton

SINGAPORE: Port of Tanjung Pelepas (PTP), Malaysia’s largest container terminal, is confident of a brighter future and chalking up a double-digit growth next year despite a challenging economic environment.

Chief executive officer Glen Hilton said: “We are expanding under a three-year modernisation plan to be completed around May 2014”.

PTP is investing RM1.4 billion over three-years in a modernisation plan designed to meet the docking requirements of mega-container vessels.

Hilton noted that PTP’s overall capacity today, with the first 12 berths, amounted to 8.5 million twenty-foot equivalent units (TEUs).

“Last year, we did 7.7 million TEUs. The market fluctuates up and down, we know we can grow.We have the capacity.

“With the new berths coming on line next year, we are excited and expect to record double-digit growth, so the future is bright.

“Although we are in tough economic times, but we will continue to work well with customers like Maersk Line to attain continued growth,” he told Bernama after welcoming the world’s largest container vessel, the Tripple-E ‘Maersk Mc-Kinney Moller’, on Sunday.

The newly built vessel called at PTP, which serves as Maersk Line’s Southeast Asia Transhipment Hub, on its maiden voyage between Far East Asia and Europe. — Bernama