Port of Tanjung Pelepas (PTP), Johor, Malaysia, has just unveiled an ambitious plan to invest RM750 million ($179 million) in the expansion of its capacity in 2022.
According to their chief executive officer, Marco Neelsen, the port, which currently has a capacity of 11.5 million twenty-foot equivalent units (TEUs), would grow to 12.5 million TEUs within the next six months.
“We will receive 18 new quayside and yard cranes, as well as an ongoing yard expansion,” said Neelsen.
“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 said last week at the PTP 11 million TEUs milestone celebration.
Apart from terminal footprint, Neelsen said that 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.
A joint venture between Malaysians MMC Group and The Hague’s APM Terminals, PTP created a new milestone by becoming the first container terminal in Malaysia to surpass 11 million TEUs throughput volume in a year.