Penang Port aims for box volume transshipment of 50,000 TEU this year
MALAYSIA's port of Penang is expecting the North Butterworth Container Terminal (NBCT), which was gazetted as a free commercial zone (FCZ) effective February 1, 2021, will achieve transshipment throughput of 50,000 TEU this year
05 May 2021 - 19:00
Chief Executive Officer V Sasedharan said Penang Port would leverage the FCZ status to reach greater heights as it would enable the port to be one of the focal points for shipping and transshipment activities.
'The transshipment activity from the Bay of Bengal to Penang Port is one of the most lucrative opportunities identified by Penang Port. In the year 2020, the Bay of Bengal throughput volume was estimated to be around 8.1 million TEU. Soon, Penang Port plans to link up feeder operators in the Bay of Bengal with mainline operators,' he told a recent press conference after witnessing NBCT receiving the first transshipment from Evergreen Marine Corp (Ever Chant).
Mr Sasedharan said Penang Port's strategic location enabled transshipment activities from the Bay of Bengal before Port Klang, adding that the port had an added advantage as it would be the first port to be contacted whenever any shipping lines enter the Straits of Malacca.
He said the 223 TEU transshipment from Ever Chant marked the start of a new chapter as Penang Port would also cater for value-added activities such as high-tech warehousing, thus pearheading positive economic growth in the northern region of Malaysia.
To spur transshipment activity in the port, he said the port would offer various monetary incentives for shipping companies, including storage and special rates for handling.
Also present at the event were Penang Port Commission chairman Datuk Tan Teik Cheng and general manager Monaliza Suhaimi, reports Malaysian National News Agency, Bernama.
This news 250 hits received.