CEO Morning Brief

Port of Tanjung Pelepas Hits Another Throughput Record in Handling 1.11m TEUs in July 2024

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Publish date: Tue, 06 Aug 2024, 09:24 AM
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TheEdge CEO Morning Brief

JOHOR BAHRU (Aug 5): Port of Tanjung Pelepas (PTP), a joint venture between MMC Group and Netherlands-based APM Terminals, has set a new throughput record by handling 1.11 million twenty-foot equivalent units (TEUs) in a single month without experiencing any congestion in July 2024.

In a statement on Monday, PTP said the new achievement surpassed the previous record of 1.07 million TEUs set in May this year.

“It not only makes PTP the first port in Malaysia to achieve this feat back-to-back but also reinforces PTP’s status as one of the leading maritime and transhipment hubs, both regionally and globally.

“Our ability to achieve this record-breaking performance without any congestion, solidifies PTP’s role as an indispensable link in global supply chains,” said chairman Tan Sri Che Khalib Mohamad Noh.

PTP chief executive officer Mark Hardiman said the achievement is particularly noteworthy, in light of the port’s sustained performance of handling over one million TEUs for three consecutive months since May this year, with June handling 1.04 million TEUs.

“Our journey has not been without its challenges, but it is precisely these trials that have shaped our resilience and determination.

“The foundation of our success lies in PTP’s unwavering focus on our people, technology and processes, with safety as our core value and our customers at the heart of everything we do,” he said.

Significant port congestion across different continents and regions has become a global issue, resulting in substantial delays in vessel schedules and serious disruptions to global supply chains.

The congestion has led to increased costs and inflationary pressures, affecting not only ocean container carriers and ports, but also end consumers.

Uploaded by Liza Shireen Koshy

Source: TheEdge - 6 Aug 2024

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