Growth in cargo handling and bunkering operations have helped boost growth for Malaysia's Sabah Ports Sdn Bhd and its parent company Suria Capital Holdings Bhd.
As well as port operations and bunkering, Suria's activities include investment holdings and property development.
According to Suria group managing director Datuk Abu Bakar bin Abas “the favourable performance of the port operations and bunkering segment produced more than 100% growth in turnover for the first half of this year.”
The seven ports being managed and run by Sabah Ports Sdn Bhd in the state of Sabah on the island of Borneo handled a total of 14.2 million tonnes of cargo for the first six months this year compared to 13 million tonnes for the same period last year.
Container throughput for the first half of this year hit 129,000 twenty-foot equivalent units (TEUs), a 20.56% jump from the same period last year. Abu Bakar said the figures showed the enormous growth potential of Sabah's ports. There had been recent reports concerning container congestion at Sabah Ports' new $115 million Sepangar container port and Abu Bakar admitted that there has been some teething problems.
“We are sorting the problems and will ensure that the container terminal operations at the new facility runs smoothly soon,” said Abu Bakar.
Suria Capital through its subsidiary Sabah Ports, started port and bunkering operations at the Sepangar Bay Container Port in Kota Kinabalu on June 1.
Abu Bakar stressed the potential for the Sepangar facility to be a major gateway and transshipment hub for the state and the greater region.
He said that the container terminal would be able to attract more of the bigger container vessels not only for Sabah and East Malaysia but also transshipment containers to and from North Asia as well as Indo-China and the Indian subcontinent.
Abu Bakar told the press that Suria Capital was currently busy with the expansion of the palm oil industry under the Palm Oil Industrial Cluster initiatives.
According to Abu Bakar, Suria Capital will contribute to the growth of the industry by advancing palm oil products handling capabilities through the development of port facilities.
Work on a new oil jetty to handle 45,000 deadweight tonne (dwt) ships at the port of Kunak was well underway, said Abu Bakar, adding that the terminal would be ready by the end of this year.
Data showed that the group's turnover for the first half of this year, totaling $42 million (RM 146 million), had grown 101% year-on-year.
As well as port operations and bunkering, Suria's activities include investment holdings and property development.
According to Suria group managing director Datuk Abu Bakar bin Abas “the favourable performance of the port operations and bunkering segment produced more than 100% growth in turnover for the first half of this year.”
The seven ports being managed and run by Sabah Ports Sdn Bhd in the state of Sabah on the island of Borneo handled a total of 14.2 million tonnes of cargo for the first six months this year compared to 13 million tonnes for the same period last year.
Container throughput for the first half of this year hit 129,000 twenty-foot equivalent units (TEUs), a 20.56% jump from the same period last year. Abu Bakar said the figures showed the enormous growth potential of Sabah's ports. There had been recent reports concerning container congestion at Sabah Ports' new $115 million Sepangar container port and Abu Bakar admitted that there has been some teething problems.
“We are sorting the problems and will ensure that the container terminal operations at the new facility runs smoothly soon,” said Abu Bakar.
Suria Capital through its subsidiary Sabah Ports, started port and bunkering operations at the Sepangar Bay Container Port in Kota Kinabalu on June 1.
Abu Bakar stressed the potential for the Sepangar facility to be a major gateway and transshipment hub for the state and the greater region.
He said that the container terminal would be able to attract more of the bigger container vessels not only for Sabah and East Malaysia but also transshipment containers to and from North Asia as well as Indo-China and the Indian subcontinent.
Abu Bakar told the press that Suria Capital was currently busy with the expansion of the palm oil industry under the Palm Oil Industrial Cluster initiatives.
According to Abu Bakar, Suria Capital will contribute to the growth of the industry by advancing palm oil products handling capabilities through the development of port facilities.
Work on a new oil jetty to handle 45,000 deadweight tonne (dwt) ships at the port of Kunak was well underway, said Abu Bakar, adding that the terminal would be ready by the end of this year.
Data showed that the group's turnover for the first half of this year, totaling $42 million (RM 146 million), had grown 101% year-on-year.