The Port of Tanjung Pelepas (PTP), Malaysia's leading container terminal, is expecting growth of 9% in its throughput this year.
PTP, which sealed an agreement recently with French liner CMA CGM, expects to handle 6.1 million twenty-foot equivalent units (TEUs) this year, up 9% from the 5.6 million TEUs last year, Bernama reported.
The agreement will see PTP provide container terminal services to CMA CGM to handle some of its regional transshipment cargo.
Prior to the agreement, CMA CGM's vessels are already calling at PTP under a vessel sharing agreement (VSA) with Danish carrier Maersk Line.
The joint services under CMA CGM and Maersk's VSA would contribute about half a million TEUs to PTP total annual throughput, according to PTP Chairman Mohd Sidik Shaik Osman.
PTP has a current terminal handling capacity of 8 million TEUs, and it aims to increase this to 12 million TEUs within the next five years, Mohd Sidik was quoted saying.
The port would then be able to accommodate new volumes of CMA CGM and those of other shipping lines, he added.
An analyst was quoted saying: ''To support its transshipment operations at PTP, CMA's regional feeders will now need to call at the port. This is seen as a positive development for PTP's feeder connectivity. Operators expected to now call at PTP would further enhance its existing feeder operator network.''
PTP is ranked among the top 20 busiest container terminals in the world.
PTP, which sealed an agreement recently with French liner CMA CGM, expects to handle 6.1 million twenty-foot equivalent units (TEUs) this year, up 9% from the 5.6 million TEUs last year, Bernama reported.
The agreement will see PTP provide container terminal services to CMA CGM to handle some of its regional transshipment cargo.
Prior to the agreement, CMA CGM's vessels are already calling at PTP under a vessel sharing agreement (VSA) with Danish carrier Maersk Line.
The joint services under CMA CGM and Maersk's VSA would contribute about half a million TEUs to PTP total annual throughput, according to PTP Chairman Mohd Sidik Shaik Osman.
PTP has a current terminal handling capacity of 8 million TEUs, and it aims to increase this to 12 million TEUs within the next five years, Mohd Sidik was quoted saying.
The port would then be able to accommodate new volumes of CMA CGM and those of other shipping lines, he added.
An analyst was quoted saying: ''To support its transshipment operations at PTP, CMA's regional feeders will now need to call at the port. This is seen as a positive development for PTP's feeder connectivity. Operators expected to now call at PTP would further enhance its existing feeder operator network.''
PTP is ranked among the top 20 busiest container terminals in the world.