MALAYSIA's Transport Minister Datuk Seri Dr Wee Ka Siong said the nation's top two ports, Port Klang and the Port of Tanjung Pelepas (PTP) in Johor, will boost their capacity in line with trade growth, .
Speaking at the recent 19th ASEAN Ports and Shipping Exhibition and Conference 2022, the minister said Port Klang would increase its capacity by 60 per cent to 32 million TEU annually by 2040, while the PTP would have its current capacity increased by 3.5 million TEU by 2025, reports the Malaysian National News Agency, Bernama,.
Mr Wee said this is to support the growth recorded by Malaysian ports, which registered an average trade growth of 3 per cent in compounded cargo throughput over the last decade.
'In 2020, global volumes fell less dramatically than expected and the industry was seeing a rebound by the end of the same year.
'Port Klang, for example, recorded a smaller-than-anticipated decline of 2.5 per cent in container throughput to 13.2 million TEU, but in 2021, volume rebounded by 3.6 per cent to a record 13.7 million TEU, the best performance to date since container operations began in 1973,' he said.
Mr Wee also said that the PTP in Johor also performed magnificently with a 14 per cent increase in volume to achieve a record throughput of 11.2 million TEU last year.
Meanwhile, he noted that technology had spurred the rise of online commerce, transforming consumer shopping habits and spending patterns all over the world, including Malaysia.
According to him, the growth in online trade has increased demand for distribution and warehousing facilities that are digitally enabled and offer value-added services.
In response, initiatives such as the Digital Free Trade Zone, which targets to intensify export and import via e-commerce, would further drive growth, he said.
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Speaking at the recent 19th ASEAN Ports and Shipping Exhibition and Conference 2022, the minister said Port Klang would increase its capacity by 60 per cent to 32 million TEU annually by 2040, while the PTP would have its current capacity increased by 3.5 million TEU by 2025, reports the Malaysian National News Agency, Bernama,.
Mr Wee said this is to support the growth recorded by Malaysian ports, which registered an average trade growth of 3 per cent in compounded cargo throughput over the last decade.
'In 2020, global volumes fell less dramatically than expected and the industry was seeing a rebound by the end of the same year.
'Port Klang, for example, recorded a smaller-than-anticipated decline of 2.5 per cent in container throughput to 13.2 million TEU, but in 2021, volume rebounded by 3.6 per cent to a record 13.7 million TEU, the best performance to date since container operations began in 1973,' he said.
Mr Wee also said that the PTP in Johor also performed magnificently with a 14 per cent increase in volume to achieve a record throughput of 11.2 million TEU last year.
Meanwhile, he noted that technology had spurred the rise of online commerce, transforming consumer shopping habits and spending patterns all over the world, including Malaysia.
According to him, the growth in online trade has increased demand for distribution and warehousing facilities that are digitally enabled and offer value-added services.
In response, initiatives such as the Digital Free Trade Zone, which targets to intensify export and import via e-commerce, would further drive growth, he said.
SeaNews Turkey
