Port Klang - Malaysia's largest container ports

[pedang]

Malaysia's Principal Port



Port Klang is situated on the west coast of Peninsular Malaysia, about 40 km from the capital city, Kuala Lumpur.Its proximity to the greater Klang Valley - the commercial and industrial hub of the country as well as the country's most populous region ensures that the port plays a pivotal role in the economic development of the country. Based on a Government directive in 1993, Port Klang is currently being developed as the National Load Centre and eventually a hub for the region.

With a number of load centring and hubbing strategies pursued since 1993, the facilities and services in Port Klang are now synonymous to those of World class ports. The port has trade connections with over 120 countries and dealings with more than 500 ports around the world. Its ideal geographical location makes it the first port of call for ships on the eastbound leg and the last port of call on the westbound leg of the Far East-Europe trade route.


Consist of 3 major ports :-

1 - Westport
2 - Northport
3 - Southport

[pedang]

1.Westport



Location Pulau Indah = Westport



Total Land Area : 1450 acres

Length : 11 km (when fully developed)

Terminal Capacity - 6 million TEUs p.a.
- 4 Container Yards (220 acres)

CFS - 200,000 sq.ft

Distripark 1 - 500,000 sq.ft
- 2 million sq.ft available

Distripark 2 - 200,000 sq.ft

Warehouses - 230,000 sq ft (Break Bulk)
- 120,000 sq.ft (Dry Bulk)



Westport handles world largest vessels


11 km Linear Berth(when fully developed)


Terminal Capacity : 3 million TEUs p.a.


24 x 7 , 365 Days Per Year Operations

[AltinD]

I know that the Port Klang Free Zone is operated by JAFZA a sister company of Dubai Port World but is the port itself operated by DP World?

[hetfield85]

May 04, 2006 22:32 PM
Port Klang Courts German Investors

By Manik Mehta

FRANKFURT, May 4 (Bernama) -- Port Klang Free Zone (PKFZ) is wooing German investors and highlighting to them the business opportunities available to them at the seaport.

At a seminar themed "Business Meeting on Business Opportunities in Malaysia's Leading Seaport" here, PKFZ managing director, Noel Gulliver, said the move was part of the efforts by the Government and Port Klang to intensify trade relations between Germany and Malaysia.

"PKFZ's task is to promote trade through the port and to attract production for transit, re-export, regional distribution centres and international procurement centres.

On the advantages of using the port, Gulliver said Port Klang's strategic location was ideal for users to capitalise on both the international and domestic markets.

"Port Klang's two terminals, Northport and Westport, are world class terminals equipped with state-of-the-art port facilities and infrastructure to handle any kind of cargo," he said.

Azizul Annuar, the assistant general manager (sales and marketing) of the PKFZ, said the PKFZ has been divided into eight precincts, each of which is earmarked for a specific industry.

Annuar said investors have the option to build their own facility or lease one or more of the facilities which are available here.

"Port Klang Free Zone is a complete one-stop centre that will be fully- equipped with a vast range of facilities and amenities," he said.

-- BERNAMA

[hetfield85]

Westports aims to be logistics enhancer for halal industry

May 9 2006

AS KUALA LUMPUR plays host to the inaugural World Halal Forum, which began yesterday and the Malaysia International Halal Showcase (MIHAS) beginning tomorrow, Westports Malaysia is enthusiastic and excited over the developments taking place in the halal industry.

The stage is now set for Malaysia to become a global halal hub, using its edge over other Muslim nations in trading, logistics, Islamic banking and halal certification.

Westports, the country's leading and world-class seaport, will play the role of logistics enhancer due to its location in the vicinity of the Selangor Halal Hub and the development of the halal hub currently taking shape at the Port Klang Free Zone (PKFZ).

Both of these facilities, located on Pulau Indah, home to Westports, marks a significant development in making the country a centre for the manufacturing and exporting of halal products.

Indeed, Westports is ready to play its role as the logistics enhancer.

The port has begun its promotional efforts by wooing potential investors from China to come to Port Klang. At its recent shipping mission to Shanghai and Shenzhen, Westports discovered how excited the Chinese were about the developments taking place in Port Klang.

The halal hub at PKFZ, coupled with the impressive productivity rate of Westports, has impressed the Chinese business fraternity.

Chinese Muslims regard the development of the halal hub at PKFZ and Westports as the launching pad for their food products. The growth potential of the halal food market is huge and the Chinese are seeking opportunities to manufacture such products and penetrate countries that they have been unable to enter for a long time.

The World Halal Forum is expected to determine the direction of the world halal industry and will be an eye opener for the world.

Malaysia, as one of the biggest trading nations in the Muslim world, is widely recognised and acknowledged for its certification standard for halal food. Its halal standard (MS 1500:2004) meets both the requirements of the Muslim community and the international health and safety standards.

Malaysia's strategic role as chairman of the Organisation of the Islamic Conference and the Non-Aligned Movement, the country's recognised leadership in the development of the global halal market and the Prime Minister's personal commitment to the Malaysian halal industry as well as the Government's commitment to the halal industry in the Ninth Malaysia Plan speak well of the future of this booming sector.

All these factors will certainly propel and heighten business activities not only at Port Klang but also at other parts of the country.

Both Westports and PKFZ, with the cooperation and support of the Transport Ministry, will be organising more roadshows in the coming months to entice more shippers and investors to Port Klang, particularly to sell Port Klang halal hub's unique features and Westports' capacity.

[hetfield85]

May 22, 2006 13:58 PM

Westports Organising Trade And Logistics Mission To Dubai

KUALA LUMPUR, May 22 (Bernama) -- Transport Minister Datuk Seri Chan Kong Choy will lead a Trade and Logistics Opportunities Mission to Dubai on June 12 to attract investors, manufacturers and shipping liners to be a part of the Port Klang Free Zone (PKFZ).

The mission, organised by Westports Malaysia and supported by the Transport Ministry, also aimed to attract these investors, manufacturers and shipping liners to participate in Malaysia's Halal initiatives in Port Klang and other parts of the country.

In a statement here Monday Westports said that among the possible Halal industries that the delegation will explore are food products such as dairy, food and beverages, confectionary and culinary as well as non-food products like pharmaceuticals, herbal supplements, leather goods, and cosmetics and toiletries.

Chan said that the mission also aimed to enhance bilateral trade between Malaysia and the United Arab Emirates (UAE).

He said that the mission would also hold business matching programmes and this would raise the profile of Malaysian participants to foreign investors.

"We intend to bring about 100 local businessmen to further enhance business collaboration between the private sectors of Malaysia and the UAE," he said in the statement.

Other members of the mission include Westport executive chairman, Tan Sri G.Gnanalingam, Port Klang Authority (PKA) chairman, Datuk Yap Pian Hon, PKA general manager, Datin Paduka O.C.Phang, and PKFZ managing director, Noel Gulliver William.

The recently held World Halal Forum here had paved the way for Malaysia in becoming a "Center Of Halal Excellence".

"We want to help Malaysian businessmen especially Bumiputera small and medium scale enterprises (SMEs) realise the full extent of the market potential for Halal manufacturers, both food and non-food," Chan said.

He said that the Dubai mission is also geared towards growing the numbers and range of Halal-certified products on offer in the global market, coming off Malaysian Centers of Halal Excellence.

Exports to West Asia amounted to RM1.65 billion in March 2006, a surge of 51.7 percent from RM1.09 billion in February 2006.

All the markets in this region recorded increases in exports, with the UAE, Saudi Arabia, Turkey, Yemen and Iran registering the most significant growth.

Chan is expected to address about 500 prominent shipping and maritime industry leaders and private sector players from the Halal trade during the one-day mission in Dubai.

Westports is also arranging for business-to-business matching to enable Malaysian businessmen especially Bumiputera SMEs to take full advantage of the gathering and to look for possible tie-ups or joint ventures with the help of Malaysia External Trade Development Corporation.

The port company is also excited on the prospect of engaging more West Asian Main Line Operators to call at its port, as its current capacity is 6.0 million twenty-foot equivalent units (TEUs) and has the capacity to handle up to 10 million TEUs within the next five years.

The recent surge in trade between Malaysia and West Asia is also exemplified by the strong growth of containers from West Asian Shipping Lines such as United Arab Shipping Company (UASC), Islamic Republic of Iran Shipping Line (IRISL) and Simatech Shipping (Simatech), who are all major customers of Westports.

-- BERNAMA

[nazrey]

Port Klang Free Zone to be operational by year-end
From Chong Pooi Koon
June 13 2006
BusinessTimes


Owned by Port Klang Authority, the free zone is modelled after Jebel Ali Free
Zone in Dubai, home to over 5,000 companies from over 120 countries

DUBAI: THE Port Klang Free Zone (PKFZ), a 405ha international cargo distribution and consolidation centre adjacent to Westports, will be fully-operational by year-end, Transport Minister Datuk Sri Chan Kong Choy said.

Owned by Port Klang Authority, the free zone is modelled after Jebel Ali Free Zone in Dubai, widely recognised as the most successful free zone in the world and home to over 5,000 companies from over 120 countries.

PKFZ is managed and marketed by Jafza International, the manager of Jebel Ali Free Zone.

PKFZ is the Government's second biggest investment in the port industry since the 1990s and has been developed as the country's first fully integrated free commercial and industrial zone.

"PKFZ will be the Jebel Ali Free Zone of Malaysia and even South-East Asia as it is the only one being designed and developed with the expertise of Jafza International," Chan said.

He said the Prime Minister was committed to formulating policies to ensure the most competitive business environment exists for PKFZ, and this means PKFZ will mirror the incentives and privileges of Jebel Ali as closely as possible.

The Government recognised that the success of Jebel Ali Free Trade Area is largely owed to the fact that the free zone authority has the autonomous power in all areas and aspects of operating the free zone, including all approvals concerning the investors' business operations.

He said the Government has agreed to explore the possibilities of replicating the system of the Jebel Ali One Stop Agency model for seamless trade facilitation.

"If we have to re-look at certain aspects of the current service delivery system within the Government, we will do it. If we have to amend the necessary laws to realise this objective, we will make this happen," Chan said.

"We are working in a whole new range of incentives and privileges to raise PKFZ to a level unseen before in Malaysia," the Minister said at a seminar here on logistics opportunities in Port Klang.

The seminar, jointly organised by PKFZ, Jafza International and Westports Malaysia, aims to attract investors, manufacturers and shipping lines in the United Arab Emirates to Port Klang and be part of the free zone.

This roadshow in Dubai also aims to attract investors from Jafza International who have plans to expand their businesses to PKFZ, Chan said.

Meanwhile, Westports executive chairman Tan Sri G. Gnanalingam said Westports stands to gain by the soon-to-be opened PKFZ, which will help Port Klang to double container volume from 6 to 12 million TEUs (twenty-foot equivalent units) in the next five years.This is in line with the Government's call for the growth of container throughput from 12 million TEUs to 18 million under the 9th Malaysia Plan.

[nazrey]

Norway's Aker Kvaerner to invest RM175m
By Surin Murugiah, 12 Jun 2006 7:00 PM
THEEDGEDAILY


Norwegian oil and gas engineering group Aker Kvaerner's Malaysian subsidiary will invest RM175 million to develop its manufacturing centre at the Port Klang Free Zone (PKFZ).

Aker Kvaerner Sdn Bhd signed a 20-year lease for 13.2 hectares of open industrial land and a 10-year lease for 4.4 hectares. It also has an option, exercisable within two years, to lease another 10 hectares.

If the option were fully taken up, Aker Kvaerner would account for 27.6 hectares or more than 10% of the open industrial land available there.

In a statement on June 12, Aker Kvaerner Malaysia president Egil Martinusse said the manufacturing centre was pivotal in supporting the production of equipment for oil and gas exploration in the Asia-Pacific.

“We are satisfied by the fast-track approach of the PKFZ management team and construction work will begin immediately,” he said.

PKFZ managing director Noel Gulliver said the Norwegian multinational firm was the first investor in the free zone.

He said when the PKFZ was fully operational by year-end, it would have a one-stop agency to liaise with various regulatory bodies to centralise documentation and transactions.

[Keat]

THE expanding network of shipping connectivity at Northport in Port Klang received a major boost in the second quarter of this year with new services mounted by several major shipping lines.

Northport which received a total of 14 new services in the first five months period of 2007 further stretched its lead as the only Malaysian port with the most extensive shipping connectivity.

Maersk Line mounted eight of the above new services in April with three maiden calls to Europe/Mediterranean and five Regional Feeder Services, said Northport in a statement.

The first Maersk service that rolled out of Northport was inaugurated by, Maersk Driscoll that berthed at Northport in April under the Asia Europe East bound service (AE9) which links Port Klang (Northport), Port of Tanjung Pelepas in Johor and Laem Chabang in Thailand.

The inaugurating services by Maersk Driscoll was followed by the maiden voyage by Maersk Dieppe which called Northport on April 21 before sailing to Southampton via the Suez Canal.

The service connects Northport with four other ports in Europe namely Rotterdam, Bremenhaven, Cagliari and Salalah.

Its Asia/Europe 6 Westbound service connects Northport in Port Klang with Port Said, Cagliari, Genoa, Barcelona, Fos, Cagliari, Jebel Ali, Tanjung Pelepas, Hong Kong, Kaohsiung and Shanghai.

In strengthening its transhipment base at Northport and to support its mainline services, Maersk has started five regional loops.

Maersk feeder arm, MCC Transport has commenced two weekly sailings to Vietnam and also offers a weekly sailing to Belawan port in Indonesia and Laem Chabang.

Arising from the services mounted by Maersk, Northport is connected to Ho Chi Minh in Vietnam and to all major seaports in Vietnam namely Hi Phong, Qui Nhon and Nhatrang. The southbound service of the North Vietnam One Service started with a maiden call by MCC Confidence. The southbound service links Port Klang, Penang, Tanjung Pelepas, Hi Phong, Qui Nhon, Nhatrang and Port of Tanjung Pelepas while the northbound includes Port Klang and Penang Port.

The increasing number of main line operators at Northport has also created opportunities for more dedicated and common feeder service operators to mount service at Northport.

Another Malaysian operator, Shin Yang Shipping started a Kota Kinabalu direct service from Northport. The service, which started with Danum52 has enhanced direct connectivity for shippers in Sabah.

During the same period, Star Navigation started a common feeder operation in the Port Klang- Penang-Pasir Gudang-Port of Tanjung Pelepas sector effective last month.

Consistent with the expanding trade with India and China, the introduction of the China India Express service by consortium members comprising of Wan Hai Line, Hapag-Lloyd and Evergreen was significant.

The consortium members also started the Chennai India Express service with the call by Bermudian Express at Northport last month.

[hetfield85]

July 3 2006


WESTPORTS Malaysia, at Port Klang, saw its container volume rise 26 per cent to 1.75 million TEUs (20-foot equivalent units) in the first half of this year, thanks to increased trade as global economies improved and shipping companies carried more cargo to Europe from Asia.

Its container volume totalled 1.39 million TEUs in the first six months of last year.

Transshipment traffic made up about 60 per cent of the container traffic handled at the port, while indigenous cargo accounted for the balance.

“Based on results for the first half of this year, we remain on track to achieve a total container throughput of 3.5 million TEUs by the end of this year,” said a Westports spokesman.

Total container throughput last year was 2.91 million TEUs. The port aims to surpass the five-million-TEU mark by 2010.

The spokesman said the main growth in container throughput during the first half of this year came from increased trade as global economies improved and shipping companies carried more cargo to Europe from Asia.

Additional and new services from main line operators (MLOs), high productivity and vessel turnaround time also contributed to the increase in cargo volume.

“Three new shipping lines, namely Hyundai, Delmas, Maruba and MOL, have been calling at Westports since the beginning of this year. In addition, there were 13 new feeder services,” he said.

The port expects existing shipping lines to mount new services during the remaining six months of this year.

“In terms of productivity, we have registered a record gross crane productivity of 35 moves per hour, which is higher than the industry average of 25 crane moves per hour.

“In February, March and June this year, our operations team notched world records, the latest being 456 moves in a single hour of operation while working on a CMA-CGM vessel, Bizet,” he added.

Earlier, the Westports operation team had set a new world record hitting crane productivity with a speed of 421 moves per hour, and broke it in March with a new speed of 452 moves per hour.

On the outlook for the remaining year, the Westports spokesman said its challenges are mainly to improve productivity, acquire equipment, train a multi-skilled workforce and “to realize that on our own, we have no business but to depend largely on our shipping lines”.

Another challenge is to remain supply-driven to absorb any surge in volume.

“We have the infrastructure; we have the facilities and services. What we need is more feeder connections and more MLOs calling at Westports.

“The challenge is to continuously grow the volume by acquiring new customers and to woo more shipping lines to berth at our port,” the spokesman said.

Westports’ strength lies in high terminal productivity that is exhibited by its productivity and efficiency. Since its inception, the terminal operation performance has improved tremendously, productivity has escalated and recorded exponential growth.

“The port does not have any immediate plans for expansion. However, efforts are ongoing to increase volume and productivity,” he said.

Currently, Westports’ container- handling capacity is six million TEUs. It has the capacity to handle up to 10 million TEUs.

[hetfield85]

By Roziana Hamsawi
roziana@nstp.com.my

July 10 2006

THE world’s largest and most advanced container ship, the Xin Los Angeles, made its maiden call at Westports, Port Klang, yesterday.

The arrival of the 9,600-TEU (20-foot equivalent unit) vessel belonging to China Shipping Container Lines (CSCL) is expected to boost Westports’s container volume by 20 to 25 per cent by the end of this year, said Westports executive chairman Tan Sri G Gnanalingam.

Westports is on track to achieve a total container throughput of 3.5 million TEUs this year, he said in Westports, Port Klang, yesterday after a visit by Deputy Prime Minister Datuk Seri Najib Razak.

Speaking to reporters earlier, Najib said Malaysia is grateful to see the confidence CSCL has in Westports.

“This should augur well for Westports in its strive to become more competitive and it will also boost trade between Malaysia and China,” he said.

CSCL is the world’s sixth largest container fleet and poised to become the fourth largest by 2009.

“I hope this call by Xin Los Angeles signals even stronger shipping ties between the two countries, more so than what we have achieved so far,” said Najib.

The Xin Los Angeles is 336.67m long and 45.6m wide and its deck is larger than that of two football pitches.

Zhang Jianhua, vice president of China Shipping Group, in his speech said Port Klang is the most important hub for CSCL in South-East Asia.

He said CSCL’s container throughput in Port Klang is rising steadily and is expected to increase by 20 per cent this year from last year’s 500,000 TEUs.

[hkskyline]

New Malaysian shipping zone ready to open next month
23 October 2006

KUALA LUMPUR, Malaysia (AP) - A new Malaysian shipping hub will open next month to help international companies operating in the Southeast Asian nation manufacture and export their products more efficiently, officials said Monday.

The Port Klang Free Zone in Malaysia's key western harbor district recently underwent successful power supply tests and is now finishing its landscaping and road construction, officials representing the zone said in a statement.

The 1,000-acre (400-hectare) site has been touted as Malaysia's first free zone to combine shipping logistics activities, such as labeling and packaging, with factories and industrial manufacturing operations.

Norwegian oil and gas engineering group Aker Kvaerner ASA is the first investor in the zone. It plans to invest up to 400 million ringgit (US$111 million; euro88 million) to build a manufacturing center to support oil and gas exploration in the Asia Pacific, the statement said.

"We have had many more successful discussions and are in the midst of finalizing agreements with potential tenants," Noel Gulliver, the zone's general manager, said in the statement.

Incentives for companies based in the hub -- modeled after Dubai's Jebel Ali Free Zone -- include tax exemptions and research incentives, it said.

The statement didn't reveal the exact date for the site's opening.

[nazrey]

A 'sister' in Slovenia for Port Klang
November 7 2006
BusinessTimes


The potential for collaboration between ports in Slovenia and Malaysia is
huge, given that business between the two countries remains untapped,
says the Transport Minister

CARGO transhipment between Port of Koper and Port Klang is expected to reach some 100,000 boxes by 2010, following the signing of a sister port agreement between Slovenia and Malaysia yesterday.

Transport Minister Datuk Seri Chan Kong Choy said the potential for collaboration between ports in Slovenia and Malaysia is huge, given that business between the two countries remains untapped.

For instance, he said, last year Port Klang only handled a total of 1,399 freightweight tonnes of cargo throughput from trade with Slovenia.

"Hence, the signing of the agreement is a significant step for Port Klang as it opens up closer ties with European ports," he told reporters after witnessing the signing of the agreement between Port Klang Authority (PKA) and Slovenia's Luka Koper in Putrajaya yesterday.

He said Slovenia is a key gateway for Malaysia to Eastern and Central Europe, while Slovenia can use Port Klang to penetrate the dynamic and growing South-East Asian market.

"The Port of Koper, positioned as the logistical shortcut to Eastern Europe, will provide Port Klang and Malaysia the platform to penetrate and explore new markets, especially landlocked countries such as Austria, Hungary and Croatia," Chan added.

[nazrey]

Selangor



Official Website

Port Klang (Malay: Pelabuhan Klang) is the main port of Malaysia, located in the district of Klang in the state of Selangor. It serves the Klang Valley, including the federal capital Kuala Lumpur and federal administrative capital Putrajaya. In 2004, it was the 7th busiest port in the world.

Port Klang was originally known as Port Swettenham when it was founded under British colonial rule in 1893, after the then British Resident High Commissioner for the Malay State, Sir Frank Swettenham. Official opening of the port was on September 15, 1901, which developed as a new port after a study found that it's coastal area, had a harbor with deep anchorage, free from dangers and very suitable for wharves. Its development was accelerated further with the extension of a railway line from Kuala Lumpur to the new port.

[nazrey]

Port Klang Free Zone (PKFZ)

[nazrey]

Port Klang Free Zone (PKFZ)
Taken from http://www.pkfz.com/

[nazrey]

Gani’s views sought in PKFZ probe
Thursday August 6, 2009
By ZULKIFLI ABD RAHMAN

PETALING JAYA: Attorney-General Tan Sri Abdul Gani Patail will be called before the Public Accounts Committee (PAC) on Aug 12 to give his views on the controversial Port Klang Free Zone (PKFZ) project.

PAC chairman Tan Sri Azmi Khalid said many legal issues had cropped up during the PAC hearing and Gani’s opinion could help to clear some questions.

“There are many things that we need to find out before we go to the next step. That is why we need the Attorney-General to attend the inquiry.

“Among them is the question of whether the four letters issued for the project by two former Transport Ministers should be considered as government guarantee letters or supporting letters.

“We are also calling up more people, and hopefully, we can complete the report before Parliament sits again in October,” he said yesterday.

During the course of the inquiry, former transport ministers Tan Sri Chan Kong Choy and Tun Dr Ling Liong Sik had told the PAC that the four letters were not guarantee letters and had no financial implication on the Government.

Dr Ling had issued the first letter on 2003 and the rest were issued by Chan in 2004, 2005 and 2006.

Azmi said that among those who would be called up are Transport Ministry secretary-general Datuk Zaharah Shaari, the Klang Port Authority board of directors and other government officials.

He added that the PAC would also call up Kuala Dimensi Sdn Bhd chief executive officer Datuk Seri Tiong King Sing.

[nazrey]

Originally Posted by nazrey

MISC Integrated Regional Logistics Hub
Source: http://www.misclogistics.com/
West Port - Welcome To The Most Efficient e-Terminal



Located in Pulau Indah, Selangor, the development of the MLH has been divided into 3 phases of which the completion of the final phase will result in the formation of a 90,000 square meters multi modular storage and processing facility. The first phase, scheduled to be completed in December 2006, will provide 24,000 square meters of warehouse space. Other available services are inventory management, haulage and distribution services, freight and customs management and a container yard. Other value added services include cold store, Vendor Managed Inventory (VMI), light assembly, Post Delivery Inspection, yard management, sterilisation and fumigation.

New MISC container service plan
Published: 2009/08/19

MISC Bhd, the world’s single largest owner and operator of liquefied natural gas tankers, plans to launch a new intra-Asia container service at the end of this year.

The proposed service will complement its current Halal Express Service, which links the Far East, Southeast Asia, the Indian Subcontinent and the Middle East.

MISC said it will deploy six vessels capable of loading 4,500 TEUs (20-foot equivalent units) for this proposed service, making calls at strategic ports within Asia.

[nazrey]

MISC, VTTI in oil terminal pact
Published: 2009/08/19

MISC International (L) Ltd today entered into a joint venture agreement with VTTI Tanjung Bin S.A. to set up Asia Tank Terminal Ltd (ATTL) with the purpose of constructing, commissioning and operating an oil terminal with a base capacity of 741,200 cubic metre in Tanjung Bin, Johor.

MISC International is a subsidiary of MISC Bhd while VTTI Tanjung Bin is a subsidiary of Vitol Tank Terminals International B.V. (VTTI) -- a global independent terminal group with an existing total capacity of 5.5 million cubic metres located across the world’s major oil trading centres in four continents and part of leading international energy trading group Vitol.

MISC said in a statement that MISC International would take up 50 percent stake in ATTL, to be incorporated in Bermuda, while VTTI Tanjung Bin the other half.

Upon completion of the incorporation and share subscription exercise, ATTL would own the entire interest in ATT Tanjung Bin Sdn Bhd (ATB), and through it, design, construct and operate the oil terminal, it said.

ATB, currently a wholly-owned subsidiary of VTTI, had executed a 30-year land lease agreement with Seaport Worldwide Sdn Bhd in September 2008 for the lease of a 50-hectare site at the Tanjung Bin Petroleum and Maritime Industry Centre.

The ATB oil terminal, subject to receiving the necessary approvals by the relevant Malaysian regulatory authorities, was anticipated to commence operations in April 2012, MISC said.

It said the partnership with VTTI in this venture would enhance the company’s service offerings and support its strategy to expand its business across the value chain by providing integrated services in the form of logistics support together with its core shipping operations.

Vitol Asia Pte Ltd would be the key customer at the ATB oil terminal, it said. - Bernama

[nazrey]

Pact to build Tanjung Bin oil terminal
Published: 2009/08/20



MISC Bhd and Vitol Tank Terminals International will build the Johor oil terminal which is expected to begin operations in April 2012

MISC Bhd (3816) the world's single largest owner and operator of liquefied natural gas tankers, signed a pact yesterday to jointly build an oil terminal at Tanjung Bin, Johor with Vitol Tank Terminals International BV (VTTI).

The oil terminal, which is still subject to approval by relevant Malaysian regulatory authorities, is expected to start operations in April 2012, with a base capacity of 741,200 cu m.

Under the deal, MISC's subsidiary, MISC International (L) Ltd and VTTI Tanjung Bin SA (VTTI SPV), will incorporate an equally-owned joint-venture company called Asia Tank Terminal Ltd (ATTL) in Bermuda to build, commission and operate the oil terminal.

VTTI SPV is a subsidiary of VTTI, which is part of the leading international energy trading group, tol.
Upon completion of the incorporation and share subscription exercise, ATTL will wholly own ATT Tanjung Bin Sdn Bhd (ATB), which holds a 30-year land lease agreement with Seaport Worldwide Sdn Bhd of a 50ha site at the Tanjung Bin petroleum and maritime industry centre.

"Through it (ATB), (ATTL will) design, construct and operate the oil terminal," MISC said in a statement yesterday.

Vitol Asia Pte Ltd will be the key customer at the ATB oil terminal.

MISC said ATTL will enhance the company's service offerings and support its strategy to expand its business across the value chain by providing integrated services in the form of logistics support together with its core shipping operations.

The signing of the joint- venture agreement took place in Kuala Lumpur yesterday.

Signing on behalf of MISC was its president and chief executive officer Amir Hamzah Azizan, while VTTI was represented by its chief executive officer Rob Nijst.