Port Klang

Surge in transhipment traffic pushes port of Tanjung Pelepas to a new record

Malaysia’s port of Tanjung Pelepas (PTP) saw 8% growth in 2020, to a record-breaking 9.8m teu, making it an outlier among South-east Asia’s competing transhipment hubs.
The growth the port, which is operated by Maersk subsidiary APM Terminals as the carrier’s key transhipment hub in the region, came despite global economic uncertainties and the Covid-crisis .
PTP CEO Marco Neelsen explained the reasons: “A surge in extra transhipment volumes, due to the …

The post Surge in transhipment traffic...

https://theloadstar.com/surge-in-transhipment-traffic-pushes-port-of-tanjung-pelepas-to-a-new-record/

Major ports and carriers report large increases in container rollovers

More than one in three containers shipped globally in December were rolled-over at transhipment hubs, according to new research from data tracking firm Ocean Insights.
Its monthly analysis of container rollovers at the top 20 global ports revealed that the global average had increased to 37% last month, with some hubs seeing far higher numbers.
“Of the 20 global ports for which Ocean Insights collates data, 75% saw an increase in rollover …

The post Major ports and carriers report large...

https://theloadstar.com/major-ports-and-carriers-report-large-increases-in-container-rollovers/

Some relief at last for Bangladesh shippers as India offers use of its ports

India has offered Bangladesh shippers the use of its seaports for export and import trade to third countries.
The offer came during a virtual meeting last week between the prime ministers of the two countries, as the regional transhipment hub ports of Singapore, Colombo and Port Klang, with limited manpower during the pandemic and facing severe congestion, are struggling to handle containers.
“We have offered the use of our seaports to Bangladesh for …

The post Some relief at last for Bangladesh...

https://theloadstar.com/some-relief-at-last-for-bangladesh-shippers-as-india-offers-use-of-its-ports/

Westports prepares for terminal expansion in 2021

Malaysia’s Westports has disclosed that work on its MYR10 billion (US$2.4 billion) terminal expansion will begin in 2021.

This disclosure came with its third quarter results, which showed a 5.5% increase in cumulative net profit to MYR491 million (US$118.03 million), as throughput in the three months to September grew by 6% year-on-year to 2.93 million TEU. Cumulative throughput during the nine month period was 7.73 million TEU, down 4% on-year, due to the disruptions caused by Covid-19.

As a...

https://container-news.com/westports-prepares-for-terminal-expansion-in-2021/

Colombo port congestion brings extra expense for Bangladeshi shippers

Feeder vessel operators to and from Chittagong and the hubs of Colombo, Singapore and Port Klang are to slap emergency cost recovery surcharges (ECRS) on outbound and inbound shipments to Bangladesh.
The moves comes amid acute congestion at the hubs, linked to pandemic-related reduced numbers of port workers,
Feeder vessels calling at Colombo are facing waits of up to five days and, in Singapore, more than two days to get a berth. …

The post Colombo port congestion brings extra expense for...

https://theloadstar.com/colombo-port-congestion-brings-extra-expense-for-bangladeshi-shippers/

Fewer transhipment boxes being ‘rolled’ as capacity returns to major trades

Fewer containers are being ‘rolled’ at major ports, according to new data from predictive ocean container tracking data provider Ocean Insights.
It has revealed that the rate of container rollovers at the world’s largest transhipment ports has begun to decline as carriers have returned capacity to major trades – but the number remains significantly higher than a year ago.
According to Ocean Insights, the percentage of transhipment containers rolled at the world’s …

The post Fewer transhipment...

https://theloadstar.com/fewer-transhipment-boxes-being-rolled-as-capacity-returns-to-major-trades/

Covid-19 crisis slashes Westports volumes

A 17% decline in cargo volumes caused by the Covid-19 crisis has seen profits plunge 19% year-on-year at Malaysian terminal operator Westports during Q2 2020.

Westports is one of two terminal operators in Port Klang, Malaysia’s busiest container port. Overall, Westports’ Q2 profits fell MYR134.34 million (US$31.39 million) while volumes fell to 2.28 million TEU. Throughput in H1 2020 totalled 4.8 million TEU, down from 5.27 million TEU in H1 2019.

Cumulatively, Westports’ net profit for H1 2020...

https://container-news.com/covid-19-crisis-slashes-westports-volumes/

Volume incentives offered as Port Klang looks to mitigate Covid effect

Malaysia’s Transport Minister Wee Ka Siong said that Port Klang Authority (PKA) will offer incentives to terminal operators this year, as throughput is expected to decline by over 16% year-on-year, to 11.4 million TEU, due to the Covid-19 pandemic.

Port Klang is Malaysia’s busiest container port, having handled over 13.6 million TEU in 2019, will offer MYR17 million (US$4 million) in incentives.

During a visit to Port Klang on 9 July, Wee said that cargo volumes in H1 2020 contracted by 9.3%...

https://container-news.com/volume-incentives-offered-as-port-klang-looks-to-mitigate-covid-effect/

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