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Old November 19th, 2008, 01:13 AM   #61
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PTP sees opportunities despite global crisis
8-11-2008:-

JOHOR BAHRU: While the shipping world “groans” under the pressure of a global economic crisis with the prospect of declining trade, the Port of Tanjung Pelepas (PTP) in Johor is optimistic of “inherent opportunities” in the current situation.

“I admit that we have been affected by the economic downturn in the United States and Europe and there is already some impact on our volume, but we consider this to be a short-term effect.

“However, this crisis can also provide opportunities for us because we are mainly a transshipment port,” PTP’s deputy chief executive Ismail Hashim told Bernama.

He said PTP was monitoring developments in global trade and shipping, and was closely working with its two major customers — Evergreen and Maersk — shipping lines which have their operations at PTP.

“One way to respond to the crisis is to cut down cost, and we are working towards lean management which, in turn, will enable us to pass on the benefits to our customers.

“This is our way of supporting our customers. In my view, the present crisis is different from the Asian financial crisis in late 1990s when interest rates were infinitely higher than now,” he said.

Arguing that customers look for the “bottom line” in tough times such as now, Ismail said PTP offered a “good option” to operators.

Cargo handled at PTP comprises mainly electronic and electrical products and consumer goods. The port handled some 5.5 million TEUs in 2007 but many experts predict that the volume may decline in the current year because of the global economic turmoil.

PTP, which has an annual capacity of about eight million TEUs, is expanding its facilities.

It is implementing its phase two projects which include reclamation work for eight berths, four of which have been completed and another two will be completed in the second half of 2009. The remaining two should be ready for use by 2011. Six berths were completed under phase one.

“We have so far spent about RM4 billion on port expansion and development. Our aim is to become the preferred port in Southeast Asia,” he said.

On global shipping trends, Ismail said he expects competition to hot up in the coming months and years.

“Besides ensuring long-term capacity and connectivity, the key word to our success will be efficiency,” he said.

“We must project ourselves as different from others. Let us not forget that we are engaged mainly in transshipment. Indeed, transshipment is the mainstay of our business. We are also looking at the gateway business and developing our hinterland cargo business,” he said.

In contrast to PTP’s status as a transshipment port, Port Klang is a gateway port.

Ismail said PTP would be looking to expand its hinterland market in future with the implementation of the government-backed Iskandar Malaysia corridor development which is expected to provide a strong impetus to shipping and distribution.

The latest to join PTP is MISC Bhd, which started to move its operations from Singapore in May 2008.

MISC’s shift will no doubt further extend PTP’s outreach in the Asia-Pacific region, he added. — Bernama

http://www.theedgedaily.com/cms/cont...bd420-a0b84114
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Old December 9th, 2008, 08:32 PM   #62
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Strong interest in PTP stake
By Shahriman Johari Published: 2008/12/10



MMC Corp Bhd (2194), an operator of ports and power plants, may sell part of Malaysia's second largest container port to fund expansion plans, sources said.

The group, controlled by Tan Sri Syed Mokhtar Albukhary, has received strong interest from local and foreign parties to buy a stake in the Port of Tanjung Pelepas (PTP).

"It is understood that one foreign party has even offered to take control of the port. That shows how much they value the business," one of the sources told Business Times.

MMC needs to raise at least RM1.7 billion to buy airport operator Senai Airport Terminal Services Sdn Bhd (SATS), that also owns a big piece of land in Johor.

MMC now holds 70 per cent of PTP, with the rest held by Danish shipping giant Maersk Line.
Another source said an independent valuer has priced the port at around RM9 billion.

Assuming MMC sells a fifth of PTP at this value, it could raise about RM1.8 billion. It would also still have control of the port, which is the 17th busiest container port in the world.

Sources said that several large shipping lines including Taiwan's Evergreen Marine Corp have made their interest known, while some local institutional investors are also in the running.

MMC's ports business, which also includes Johor Port Bhd, is the group's second biggest profit contributor after its power plants.

In the year to December 31 2007, the ports division posted an operating profit of some RM418 million, its annual report showed. It did not give a breakdown of how much PTP earned for that year.

MMC officials declined comment when contacted.

Last week, MMC said that talks on the disposal were at an advanced stage.

MMC has now proposed to buy SATS from Syed Mokhtar at a lower price and will pay in cash instead of shares.

It had wanted to buy SATS for RM1.95 billion in an all-share deal when the stock was trading around RM2.80 apiece.

However, it now has more than halved, which means that if the deal was done at a lower share price it would dilute MMC's shareholders (other than the main shareholders).

MMC's earnings per share would also fall due to the bigger number of shares.

"The current share price is not reflective of MMC's inherent value which now trades at a multiple of approximately only 0.7 times book value per share of RM1.94.

"The cash consideration will eliminate earnings dilution resulting from issuing a sizeable number of shares at the current depressed price," it said in a statement last week.

The new price includes RM580 million for airport operations and RM1.1 billion for SATS' 1,099ha of freehold land slated for development as a logistics city.

However, the revised deal has been criticised by analysts who said the sale could be "value destroying" as it reduces profit from its core business. They also pointed out to governance risks as the deal is a related party deal while SATS has yet to make money.

Shares of MMC fell eight per cent to close at RM1.15 yesterday.
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Old December 24th, 2008, 09:26 AM   #63
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PTP valuation pricey, say research houses
24-12-2008: by Yantoultra Ngui Yichen

KUALA LUMPUR: The Employees Provident Fund's (EPF) rejection of an offer of a 20% stake in Port of Tanjung Pelepas (PTP) for RM1.6 billion from MMC Corporation Bhd has come as no surprise to research houses due to its pricey valuation.

"As we mentioned in our previous (Dec 12) report, we value PTP at RM4.4 billion compared with a possible valuation by the company itself of RM8 billion.

"Our valuation is therefore almost at a 50% discount to MMC's valuation. In fact, at a value of RM8 billion, MMC's 70% stake in PTP would be worth some RM5.6 billion, which would be more than its current market capitalisation of RM3 billion," OSK Research said.

Kenanga Research said a comparison with the price paid by MMC in 2002 and that of the offer to sell the 20% stake currently was unfair without taking into consideration the amount of infrastructure put in and the extent of the throughput it was handling now.

In 2002, Tan Sri Syed Mokhtar Albukhary's vehicle Seaport Terminal (Johore) Sdn Bhd had injected 50.1% of PTP into MMC for RM1.6 billion in cash and shares.

Kenanga said the port's capacity now was eight million twenty-foot equivalent units (TEUs) compared with 5.5 million TEUs handled in 2007 on a net profit of RM116 million. "Using a flat earnings growth for FY08, the acquisition PER (price-to-earnings ratio) of 80 times would indeed be astronomical. The regional ports PER is about eight times," it said.

Kenanga Research said if the sale was not concluded, MMC might not be able to acquire Senai airport, which was also another controversial acquisition that had been modified to an all-cash deal of RM1.7 billion instead of through the issuance of shares.

It nonetheless maintained a buy on MMC with a target price of RM2.70 as the price had already more than discounted all the uncertainties in the acquisition while the repercussions from the IPP windfall tax debacle had ebbed with little risks of default on its Malakoff bonds .

OSK Research noted that the sale of PTP would not be easy given the presence of AP Moller-Maersk AS, which might limit the potential buyers. AP Moller-Maersk has a 30% equity in PTP, while MMC owns the balance.

"As the news has yet to be confirmed, we are not ruling out EPF as yet. MMC is also sure to court other local large institutions, including PNB and Lembaga Tabung Haji. Failing that, they may reduce the asking price to a more reasonable level," it said.

OSK Research said there was no respite for MMC in terms of news flow, which continued to be negative. It maintained a neutral call on MMC while waiting for the bad news to subside.

"Investors should note that even based on our RM4.4 billion valuation of PTP, MMC's 70% stake should be worth RM3.1 billion, which is already more than the group's current market capitalisation. Once the news on its related party transactions and provisions abate in the first quarter of 2009, MMC would be a buy again," it said.

Shares of MMC closed 3.5 sen higher at RM1.02 with a total of 3.48 million shares changing hands yesterday.
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Old January 19th, 2009, 02:11 PM   #64
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PTP, Johor Port expected to register lower throughput
Published: 2009/01/19

PORT of Tanjung Pelepas (PTP) and Johor Port are expected to experience softer cargo throughput this year, as the traditionally strong fourth quarter had signalled a slowdown in trade activities last year, a local research firm said.

Maybank Investment Bank Bhd (MIBB) said PTP handled 5.6 million TEUs (20-foot equivalent units) in 2008, 7 per cent off the target of six million TEUs for that year.

Looking at this result, both PTP and Johor Port's 2009 cargo throughput will most likely fall below their last year's numbers, amid lower shipping traffic, it said.

This in turn would delay capacity expansion, and decrease capital spending, unless the two port operators succeed in attracting new key tenants.

MIBB also said the stalled talks with the Employees Provident Fund over the proposed sale of MMC Bhd's 20 per cent stake in PTP will scupper MMC's other proposal to buy Senai International Airport, with the intended sales proceeds.

MIBB said this in its research note last Friday, which focused on the Johor state, particularly the performance and activities undertaken by MMC and its subsidiaries as well as UEM Land Bhd in the state.

MIBB said the outlook for Tanjung Bin, MMC's other subsidiary looks positive, given the additonal electricity supply generated from its power plant.

"Full operations of Tanjung Bin power plant since third quarter of 2007, which added 2,100MW of electricity to the national grid, should help sustain developments in Iskandar Malaysia and Tanjung Bin's own petrochemical and marine park.

"And the fall in coal prices to US$90 (US$1 = RM3.58) per tonne now against US$150 per tonne last year should be positive to 2009 bottomline," it said.

Both PTP and Johor Port contributed about 40 per cent to MMC's net profit in the first half of last year, while Tanjung Bin contributed three per cent in the first nine months of 2008.

"MMC's stretched balance sheet (net gearing of 2.5 times as at September 2008) is a concern and may even be a stumbling block to inorganic expansion," it said.

MIBB also said UEM Land's plan to develop Nusajaya may suffer some delays in new investments, while a changed political landscape may affect Iskandar Malaysia's development, including Nusajaya.

On Iskandar Malaysia, the research house said development progress has been in patches and is likely to slow as a slower global economy affects buying sentiment.
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Old January 26th, 2009, 07:26 AM   #65
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Sabah aims to move forward
Monday January 26, 2009

KOTA KINABALU: The Sabah government is determined that its planned development projects will be carried out despite the gloomy global economic outlook.

“We intend to weather the storm,” said Chief Minister Datuk Musa Aman in his Chinese New Year message.

In this regard, he said the impetus for the state’s progress would be the Sabah Development Corridor (SDC) launched by the Prime Minister just over a year ago.

“The SDC leverages the agriculture, manufacturing and services sector with the aim of bringing balanced growth to all regions of the state,” Musa added.

Noting that several SDC projects were off the ground, he said the state government was excited at the prospect of more investments in the development corridor.

“The Federal Government realises that Sabah is a large state with a difficult terrain and remote settlements and for this reason has poured in funds so that the people will have better schools, medical facilities and roads,” he added.

Musa also reaffirmed the state government’s commitment towards safeguarding natural resources and cultural strengths as Sabah moved forward in terms of development.

“Sabah may be slow in making its presence felt in the region but we are now making use of its diverse natural heritage and rich culture to stand out,” he added.

“Another new service introduced last year was the link to Europe and the Far East by German shipping line Hapag Lloyd.

“Joint services and slot exchange arrangements between the various shipping lines calling at the port made it possible for local cargo owners to move more cargo through PTP last year,’’ he told StarBiz.

Ismail said PTP had retained its status as Malaysia’s No. 1 port with 5.6 million TEUs recorded last year and it had been leading other local ports in terms of throughput volumes since 2002, just two years after it started operations.

He said efficient and reliable port-related services had increased the confidence level of customers such as Maersk and Evergreen to introduce more service calls at the port.

“Last year, Evergreen unveiled a new service linking Vietnam’s Ho Chi Minh City and PTP, while Maersk started a service linking Asia and the US through its vessel-sharing agreement with French liner CMA CGM,’’ he said.

On its expansion plan, Ismail said PTP was in the midst of adding two new berths to the present 12. The new berths would be ready by 2013.

He said the port had also ordered eight new quay cranes worth US$80mil. Four would arrive in the second quarter and the balance in the third quarter, increasing the number of cranes to 44 at the port.

Ismail said although the global economic scenario did not look promising for the port and shipping industry this year, the unfavourable conditions could bring about some opportunities for PTP.

“During bad times, people tend to be more creative and rising operational cost will force shipping lines to look for cheaper alternatives,’’ he said.

Ismail said PTP always prided itself on being able to deliver top-class port services, operational efficiency and high productivity that translated into cost savings for its customers.

He said it would continue approaching new shipping lines to make calls to PTP despite the slowdown to provide better coverage and connectivity for their customers.

http://thestar.com.my/maritime/story...3&sec=maritime
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Old February 14th, 2009, 01:51 PM   #66
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PTP seeks RM4b more for capex
Published: 2009/02/14

JOHOR'S Port of Tanjung Pelepas (PTP), one of the fastest growing ports worldwide, is looking for RM4 billion more in capital expenditure (capex) in the next five years, for its expansion plan.

A sum of RM2.5 billion was allocated under the first phase of the expansion plan and PTP is looking at RM4 billion more for phase two, PTP chief executive officer Captain Ismail Hashim said in an interview.

On current developments, Ismail said, in terms of construction of facilities, PTP was now in the process of completing Berth 11 and 12.

"We should be completing Berth 11 in the second quarter this year and Berth 12 in the third quarter," he said.

Ismail said PTP had ordered eight key cranes, with four due to arrive in the second quarter this year and the remaining four in the third quarter.

Other new equipment included 20 rubber tyred gantry cranes, scheduled to arrive in the third quarter this year, and 50 prime movers early this year, he said.

"So with all these equipment, we should be able to handle about 10 million twenty-foot equivalent units (TEUs) on 12 berths", Ismail said.

"We have a significant capacity and at the same time more to sell for new potential customers," he said.

According to him, PTP is also looking for additional manpower.

"We will be adding 200 to 400 employees," he said.

In the wake of the global economic slowdown, Ismail said PTP was looking at new businesses this year to improve revenue.

"The financial crisis is affecting most shipping lines and they are keen to hear options or alternatives which can improve their cost structure," he said.

Ismail said PTP was also working aggressively to attract more shipping lines.

"In fact, the global economic crisis is also an opportunity in the sense that shipping lines have to look at their operating situations and we have the capacity to offer them competitive pricing," he said.

PTP, he added, was also able to provide faster turnaround and minimal waiting time for berths so that shipping vessels could move in a more productive manner.

For this year, PTP was looking at a similar level of business from its existing customers, Ismail said.

"We are looking at getting new business with the surplus of two to three million TEU capacity that we will have by the second half of this year," he said.

On the challenges ahead, Ismail said that PTP has a good masterplan for moving forward in the long term.

"It is geared up towards high growth and we can grow up to five times of what we are today," he said. - Bernama
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Old February 16th, 2009, 01:17 PM   #67
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MMC can now sell PTP stake to foreign parties
By Shahriman JohariPublished: 2009/02/16



If a deal can be struck, the conglomerate controlled by Tan Sri Syed Mokhtar AlBukhary will still have to go back to the government for approval, sources say

THE government has allowed MMC Corp Bhd (2194) to talk to foreign parties on the proposed sale of its port in Johor, relaxing an earlier stand, sources said.

This would help MMC, a conglomerate controlled by Tan Sri Syed Mokhtar AlBukhary, to raise much needed funds for expansion.

MMC wants to sell about one fifth of Port of Tanjung Pelepas, Malaysia's second largest container port, for about RM1.7 billion.

However, the government limited its options as it barred MMC from dealing with foreigners, viewing the port as a strategic asset, and leaving it to talk to local funds.
"There is no black and white approval but MMC can proceed (and talk to foreigners)," said one source familiar with the developments. If a deal can be struck, it will still have to go back to the government for approval.

In December last year, MMC said that the sale of a minority stake in PTP is in an advanced stage. It now owns 70 per cent of the port while Danish shipping giant Maersk holds the rest.

Interest from foreign companies, which include shipping lines, remain strong and MMC had received about four to five expressions of interest.

One had even offered to buy up to 70 per cent of the port. Large shipping lines like Evergreen Marine Corp have made their interest known while Maersk could not be ruled out due to its "pre-emptive rights" as an existing shareholder. This means that whatever offer MMC makes for its PTP stake to another party, it has to make the same offer to Maersk first.

"Those in the industry, they appreciate the value of the business, they see the value of this," the source said.

Nonetheless, MMC is likely to keep control of PTP in line with the government's interest of keeping strategic assets in national hands.

MMC's ports business, which also includes Johor Port Bhd, is the group's second biggest pro-fit contributor after its po- wer plants.

In the year to December 31 2007, the ports division posted an operating profit of some RM418 million, its annual report showed. It did not give a breakdown of how much PTP earned for that year.

MMC needs to raise at least RM1.7 billion to buy airport operator Senai Airport Terminal Services Sdn Bhd (SATS), that also owns a big piece of land in Johor.

That deal has come under heavy criticism as SATS is owned by Syed Mokhtar and MMC will have to sell a profitable business to buy an airport company that has yet to make money.

(MMC has said that the deal fits with its long-term plan to become a major logistics player.)

The value of PTP has also been questioned. Analysts have said that RM8.5 billion is too high for PTP. The Employees Provident Fund, which was approached by MMC, also thought it was high.

Still, the EPF made an offer that was below MMC's investment cost, the source said.

"Equity funds will always look for an exit strategy ...when's the initial public offer and so forth, but (shipping) liners, they know the business," the source added.
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Old March 1st, 2009, 05:12 AM   #68
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PTP Aggressively Wooing New Shipping Lines
March 01, 2009 11:32 AM
By Tengku Noor Shamsiah Tengku Abdullah

KUALA LUMPUR, March 1 (Bernama) -- Johor's Port of Tanjung Pelepas (PTP), one of the fastest growing ports worldwide, is aggressively attracting more shipping lines, said its chief executive officer Captain Ismail Hashim.

"We are actively in negotiations but I am unable to disclose details, but basically with the top 10 shipping companies in terms of fleet size," he told Bernama in an interview.

Ismail said the current global economic crisis also provided an opportunity "in the sense that the shipping lines too have to seriously look at their operating situation".

"And basically we have the capacity to give competitive pricing to these lines," he said.

"We are also able to give them the opportunity for faster turnaround and at the same time minimal waiting time for berth so that their vessels can move in a more productive manner," he added.

Ismail said under the current situation, the shipping lines were relooking at their deployment of vessels and forging closer collaborations, even with their competitors.

"They are trying to find ways and means to manage the business level they have, with the existing oversupply of capacity," he said.

Asked when the deals are expected to close, Ismail said: "The expectation is there but, of course, there are things to be negotiated and discussed."

"There has to be some considerations, so this will probably take some time or it may be earlier to come to a conclusion," he said.

On another development, Ismail said PTP planned to expand its Pelepas Free Zone by another 175 hectares from the 750 hectares taken up earlier.

The area is Malaysia's first Free Zone consisting of commercial and industrial parks which are integrated within a single boundary at the port's terminal.

"We are working to develop this additional 175 hectares for the expansion of our existing customers' requirements as well as for new customers who may want to lease the land from us," he said.

According to him, half of the 175-hectare designated area had already been taken up by PTP's existing customers who are looking to expand their business here.

Global companies such as the BMW spare parts distribution centre, Flextronics, CIBA Vision and Cameron International are currently operating in the Pelepas Free Zone.
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Old March 3rd, 2009, 06:13 PM   #69
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Maersk maintains keen interest in PTP
By Shahriman JohariPublished: 2009/03/03

The AP Moller-Maersk Group, a Danish shipping giant, says it maintains a "keen interest" in the Port of Tanjung Pelepas (PTP) in Johor, Malaysia's second largest container port.

It owns 30 per cent of PTP through its port unit APM Terminals, while MMC Corp Bhd holds the rest. MMC has received government nod to talk to foreign parties on the sale of PTP, sources had told Business Times.

MMC wants to sell almost a fifth of PTP to raise funds for expansion.

Maersk did not directly reply to questions on whether it was interested to raise its stake in PTP or if it had approached MMC for this.

"Naturally, we maintain a keen interest in the terminal and in its running efficiently because this is what our customers want, regardless of who eventually takes the stake," Maersk Line country manager Omar Shamsie told Business Times in an e-mail reply.

Sources had told Business Times that interest from foreign companies, including shipping lines, remained strong and that MMC had received about four to five expressions of interest.

One had even offered to buy up to 70 per cent of the port. Large shipping lines, such as Taiwan's Evergreen Marine Corp, have made their interest known, while Maersk could not be ruled out due to its "pre-emptive rights" as an existing shareholder.

This means that whatever offer MMC makes for its PTP stake to another party, it has to make the same offer to Maersk first.

Although it holds only 30 per cent of PTP, Maersk also manages the operations at the port, which has been important for the global group.

"From a container shipping line point of view, we depend on having efficient terminal operations and that is where PTP serves Maersk Line well today, as our transhipment hub for the Asia-Pacific region," Omar said.

Earlier last month, PTP chief executive officer Captain Ismail Hashim had said that the port was looking for a further RM4 billion in capital expenditure to expand over the next five years.

Some RM2.5 billion was allocated under the first phase of the expansion plans and PTP was looking at RM4 billion more for phase two.

"For further expansion, we have to see as we move along," Ismail had said in an interview with Bernama.

In the wake of the global economic slowdown, Ismail said that PTP was looking at new businesses this year to improve revenue.

"The financial crisis is affecting most shipping lines and they are keen to hear options which can improve their cost structure," he said, adding that PTP was also working aggressively to attract more shipping lines.
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Old April 7th, 2009, 07:57 AM   #70
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PTP in discussions with China state-run firm to fund expansion
www.seatradeasia-online.com - Mar 09, 2009

Beijing: China Harbour Engineering Co is discussing purchasing stocks of the Port of Tanjung Pelepas (PTP) with MMC Malaysia.

PTP is located in Johor and is seeking overseas money for expansion. The negotiations with China Harbour have been ongoing since the last quarter of last year with an announcement expected soon. The Chinese company has helped out building ports in other countries including Sri Lanka and Pakistan.
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Old April 7th, 2009, 07:59 AM   #71
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MMC talks to China firm on port stake sale -report
www.forbes.com - Mar 06, 2009

KUALA LUMPUR, March 7 (Reuters) - Malaysian transport-to-construction group MMC Corp is in talks with China Harbour Enginerring Co Ltd to sell a stake in its port in the southern state of Johor, a newspaper said on Saturday.

MMC Corp said in December that it was in the advanced stages of talks to sell a minority stake in its port operator unit, Pelabuhuan Tanjung Pelepas Sdn Bhd (PTP).

MMC owns a 70 percent stake in PTP, the operator of the Tanjung Pelepas port in Johor, while the rest of the port operator is held by Danish shipping and oil group A.P. Moller-Maersk.

'MMC Corp Bhd is understood to have commenced negotiations with China Harbour Engineering Co Ltd to sell a 19 percent stake in Pelabuhuan Tanjung
Pelepas Sdn Bhd,' the Edge, a Malaysian weekly, said, quoting unnamed sources.

'It is learnt that talks have been going on for a while now but no conclusive deal has been reached,' it said.

MMC could not be reached immediately for comment.

The company had previously said that PTP will remain a subsidiary of MMC following the proposed disposal.
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Old April 29th, 2009, 09:44 AM   #72
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by cyberseaver
http://www.flickr.com/photos/2450242...n/photostream/

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Old May 30th, 2009, 12:43 PM   #73
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Maersk still wedded to Tanjung Pelepas
Asia News - Apr 20, 2009

Maersk Shipping Line has revealed that it retains a "keen interest" in the Malaysian Port of Tanjung Pelepas, where it controls a 30% equity stake. This is despite the fact that majority partner MMC Corporation has been given permission to negotiate a possible sale of one fifth of its holding to foreign investors. MMC needs the cash to fund future expansion. It is not known if Maersk is interested in acquiring the extra equity.

NORTHPORT TO SLOW INVESTMENT?
Reports suggest that Port Klang terminal operator Northport is considering delaying the upgrade of one of its harbour areas, because of current financial worries.

DALIAN PORT BUYS JINZHOU
The Dalian Port Group has confirmed it is to buy Jinzhou Port this year. In 2008, it was revealed that Dalian Port would acquire an 18.9% holding at the cost of $278m, making it the second largest shareholder.

MALAYSIAN OPERATORS TO CONTINUE INVESTING
Malaysian ports have scheduled investment of $1.61bn over the next few years. Of that, PTP has set aside $812m, while Port Klang operators are to spend $373m.
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Old May 30th, 2009, 12:45 PM   #74
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Bucking the trend
Container Management Magazine - Apr 30, 2009

Some ASEAN ports are faring better in the face of the global economic crisis than their counterparts in traditional markets. Wong Joon San looks at the performance of ports in Malaysia and further afield

When the global financial crisis began to bite in the fourth quarter of 2008, many businesses turned to ports in the 10 ASEAN nations (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), believing that developing economies such as these would fare better than elsewhere.

Sunny Ho, executive director of the Hong Kong Shippers' Council, believes that businesses turned to developing economies as a kind of cushion against the economic crisis."[They did so] as if they were some sort of compensation, with the expectation that growing economies would have a higher economic growth than traditional markets in North America and Europe," he says.

To a certain extent such optimism has been proved right, as ASEAN ports have not been as badly affected by the crisis as US and European ports on traditional shipping lanes. In addition, Ho predicts that the ASEAN ports will be among the first to recover from the crisis.

The major ports in Malaysia, for example, plan to invest more than M$6bn (US$1.63m) over the next few years to further expand their capacities and to improve their cargo handling facilities and services. This can be seen as a bold move to strengthen their role in national and regional ports systems and to seize new opportunities spawned by changing shipping trends, including the expanding role of transhipment.

Port of Tanjung Pelepas

The Port of Tanjung Pelepas(PTP), which at present has 10 berths with a designed handling capacity of up to 8m teu per annum, is currently constructing berths 11 and 12, which will provide an additional 720m of quay length. "We have planned this to be completed by end 2009. Once completed, PTP will have 12 berths with an annual terminal handling capacity of 10m teu," explains Captain Ismail Hashim, chief executive officer of PTP.

"The development and expansion that we have planned involves dredging and reclamation works for four additional berths, which will provide an additional 1.4km of quay length. The berths will be supported by container yards and equipment, including dual-hoist quay cranes, RTGs, prime movers and trailers. We also have plans to deepen the access channel further to 17.5m, in order to allow vessels needing deeper draughts to access the port," says Hashim. However, he admits that, given the current economic situation, it is difficult to say when these plans will be fully realised.

PTP handled 5.6m teu last year and, based on current economic conditions, expect sits 2009 throughput to be comparable to that of 2008. "In order to be able to provide efficient and reliable port services to our customers (current and potential), we have to ensure that PTP is congestion-free and that ships calling here will face minimal delays and enjoy a faster turnaround time," says Hashim.

"As such, we have always planned the development and expansion of the port in such away that there will always be an excess in our terminal handling capacity against the teu volume actually being handled," he adds.

MISC, which in April 2008 signed a deal to make PTP its main hub in the region, has since commenced five direct services, within Asia and to Europe and the Middle East MISC's presence resulted in a significant increase in PTP's gateway volume in 2008. According to Hashim, the port's transhipment business has a lot of potential, and it is aiming eventually to become the "preferred port of choice" for Southeast Asia.
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Old May 30th, 2009, 12:45 PM   #75
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Ship captains must declare status
www.nst.com.my - May 19, 2009

KUALA LUMPUR: All ships arriving in Port Klang's Northport and Southport are required to sign a health declaration as part of efforts to check the spread of influenza A (H1N1). A circular from the Health Ministry issued to the Port Klang Authority (PKA) -- which manages the two ports -- states that a ship's captain must sign the declaration to attest that its crew are free from any flu-like symptoms.

PKA chairman Datuk Lee Hwa Beng said so far no crew members or port workers had shown any such symptoms.

"If there are any symptoms, we will quarantine the ship and Health Ministry officers will take over."

He said the chances of port workers being infected were low as most ships have a crew of only five to 20 people.

Moreover, ships take a long time to travel from their disembarkation point to another port.

Citing an example, Lee said a ship from Singapore to Malaysia takes four days, while those from Europe take at least a month to arrive.

"By the time it reaches port, we would know whether the crew is sick as they would have displayed the symptoms because the incubation period (of H1N1) is between two and three days."

Westports Malaysia said vessels with suspected cases of influenza A were barred from docking and would anchor in open sea to allow port health authorities to screen them.

In Johor, Port of Tanjung Pelepas is stocking up on masks and enforcing disinfection at public areas such as toilets, buses and canteens.
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Old May 30th, 2009, 12:46 PM   #76
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Building capacity
Supply Chain Asia - May 27, 2009

Meanwhile, in Malaysia, a recent reduction in the generation of teu volume by clients at one of the country's foremost free trade zones is not slowing plans for a major expansion of the zone.

The Port of Tanjung Pelepas FTZ (PTP Freezone), which benefits from close proximity to Singapore and from its location within the confines of the rapidly growing Port of Tanjung Pelepas, is in the process of reclaiming a further 70ac of land that will be available for lease by the middle of 2010. About 40ac has already been leased while the other 30ac is up for market.

"We are still confident that the free zone holds a lot of benefits and advantages for local and foreign investment. However, during hard times like this, we have to put in more effort and dedication to go the extra mile in order to capture the opportunities," said PTP Freezone CEO captain Ismai l Hashim.

The PTP Freezone is focusing efforts to attract regional distribution and international procurement centres - two categories that benefit most from current zone investment incentives set out by the Malaysia Industrial Development Authority (MIDA)."We are also putting in a significant amount of effort to attract International freight forwarders who are involved in supply chain management, total logistics as well as contract loqistics," said captain Hashim.
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Old June 3rd, 2009, 04:47 AM   #77
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MMC to offer terminal services to CMA CGM
Published: 2009/06/03

MMC Corp Bhd’ 70 per cent unit, Pelabuhan Tanjung Pelepas Sdn Bhd, will provide container terminal services to CMA CGM, an international operator serving maritime shipping routes worldwide, for some of its container volumes in the region.

The contract will contribute positively to MMC’s earnings for the 12 months to December 31 2009, it told Bursa Malaysia yesterday.
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Old June 16th, 2009, 04:56 AM   #78
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PTP to handle extra throughput volume
Published: 2009/06/1

PELABUHAN Tanjung Pelepas (PTP) is set to handle an additional 500,000 twenty foot equivalent units through an agreement it signed with CMA-CGM two weeks ago.

On June 2 2009, PTP, a 70 per cent owned subsidiary of MMC, agreed to provide container terminal services to CMA CGM, an international operator serving maritime shipping routes around the world.

The additional volume is expected to contribute positively to the earnings and net assets of the MMC Group for the financial year ending December 31 2009.
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Old July 1st, 2009, 01:30 AM   #79
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Port of Tanjung Pelepas in Johor bucks the trend
www.theborneopost.com - Jun 16, 2009

KUALA LUMPUR: Whilst most ports in the region are expecting to see a drop in their throughput volume this year, Malaysia’s leading container terminal, the Port of Tanjung Pelepas (PTP), in Johor, is expecting quite the opposite.

PTP is currently ranked among the top twenty busiest container terminals in the world.

Despite the current gloomy global economy, PTP, which successfully linked an agreement recently with French liner CMA CGM (CMA) recently, expects to handle this year 6.1 million TEUs, up nine per cent from the 5.6 million TEUs in 2008.

Under the terms of the agreement, PTP will provide container terminal services to CMA to handle some of its regional transshipment cargo.
In fact, prior to the signing of the agreement, CMA’s vessels had already started calling PTP as a result of the ‘Vessel Sharing Agreement’ (VSA) partnership between it and Danish liner, Maersk Line.

When asked by Bernama about PTP luring CMA from Port Klang’s Westport, PTP chairman Datuk Mohd Sidik Shaik Osman said: “Due to strategic reasons, CMA decided to have two hubs in this region, which effectively means it would use both Westport and PTP.”

For now, he explained, the joint services under CMA and Maersk’s VSA would contribute to approximately half a million TEUs from PTP’s total annual throughput.

“Naturally, we expect to see an increase in volume from these services as the economy recovers and world trade picks up again.

“We have sufficient terminal capacity and equipment to handle CMA vessels here at PTP, now and in the future.

“With our current terminal handling capacity of eight million TEUs, and the plan to increase this to 12 million TEUs within the next five years, not only can we accommodate the new volumes of CMA but also that of other shipping lines”, he added.

When asked for an opinion on PTP’s move, a shipping analyst said the agreement to provide container terminal services to CMA, was timely and a step in the right direction for PTP.

Meanwhile another analyst said: “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.”

Sidik elaborated that CMA’s presence in PTP would not only further improve its connectivity to other ports within the South East Asian region, but also major ports worldwide.

“The resulting enhanced connectivity of the port would contribute positively to our future annual throughput volumes”, he said.

As PTP is the main gateway for Iskandar Malaysia shippers, Sidik said the improved global connectivity would also further improve the attractiveness of the corridor as an investment destination.

“Local shippers, especially those Johor-based, now have new opportunities and more options to ship their cargo through the port”, he said.
— Bernama
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Old July 1st, 2009, 01:32 AM   #80
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CMA CGM ships commence calling at Tanjung Pelepas
www.eximin.net - Jun 16, 2009

THE Malaysian Port of Tanjung Pelepas (PTP) has secured business from French shipping line, CMA CGM, after seven years of serving only Maersk Line and Evergreen as mainline operators.

CMA CGM is calling at PTP because it operates new services in cooperation with Maersk Line. The two carriers’ joint Far East-US East coast/West coast "Columbus" loop which is operated by 6,500-TEU vessels from both lines, started calling at PTP in May, while CMA CGM buys slots on Evergreen’s revamped CES service, which also began calling at PTP last month.

CMA CGM’s South-East Asian hub remains Port Klang and the carrier also calls at Singapore, mainly through slot exchange arrangements with The New World Alliance (TNWA).

CMA CGM is expected to provide fewer containers at PTP than Evergreen and Maersk Line, but the development is said to be significant because PTP has been seeking new customers for a long time.

APM Terminals holds the remaining 30 per cent in PTP.

PTP handled 5.6 million TEUs in 2008, an increase of two per cent year-on-year.
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