Malaysia's PTP maintains growth despite Russia-Ukraine conflict


MALAYSIA's Transport Minister, Dr Wee Ka Siong has said that Tanjung Pelepas Port (PTP) has been able to grow well this year despite the impact of the Russia-Ukraine conflict on world trade.


The minister said that as of August 21, PTP recorded 6.98 million TEU and was on track to exceed seven million TEU by the end of this month, reports Malaysia's The Star.


"Many ports are impacted by the conflict which has affected activities, being unable to take in certain items. Malaysia is also affected," Dr Wee said after officiating at the Johor Port Board Keluarga Malaysia corporate social responsibility programme held at its headquarters.


"However, we expect the last four months of this year to be busy as (activity) is increasing due to many items being sent because of Christmas celebrations," he added.


Dr Wee said PTP recorded 11.2 million TEU last year even as ports around the world were facing issues. This was an increase of 14 per cent over 9.8 million TEU in 2020, when it was ranked 15th globally.


"I am confident that, as the main transshipment port in the region, PTP is competitive and strategically located. In terms of efficiency, it is able to handle any containers especially for transshipment," he said.


Need a China Shipping Agent to help you consolidate and ship internationally from China?



Malaysia's PTP maintains growth despite Russia-Ukraine conflict
Malaysia's PTP maintains growth despite Russia-Ukraine conflict