Malaysian port handles 11.2 million TEUs
Malaysian container terminal operator Port of Tanjung Pelepas (PTP) has registered a total of 11.2 million twenty-foot equivalent units (TEUs) throughput at the end of 2021, representing a 14% increase in its yearly volume as compared to 9.8 million TEUs in 2020.
The joint venture between Malaysia’s MMC Group and The Hague’s APM Terminals became the first container terminal in Malaysia to surpass the 11 million TEUs throughput volume in a year.
The milestone is said to position the port as one of the top 15 container terminals and among the top five single port operators in the world.
According to the Malaysian National News Agency (BERNAMA), PTP also revealed its plans to invest approximately $178 million to expand the port capacity this year.
Marco Nelseen, CEO of PTP, said that the investment would see the port capacity grow to 12.5 million TEUs within the next six months expanding terminal footprint.