TOWN: Penang Port Sdn Bhd (PPSB) handled 298,552
twenty-foot-equivalent units (TEUs) of container cargo at the North
Butterworth Container Terminal (NBCT) for the first quarter of this
year. This represents an increase of 7.3% over the previous
corresponding period. The target set was for a 4% increase.
Port chief operating officer Obaid Mansor told StarBiz that for the
month of March alone, there was a 17% jump in total container cargo
handled to 119,495 TEUs compared with 101,379 TEUs in the same
period last year.
achieved a 17% jump because of our short-term business strategy.
This involves targeting local and international shipping companies
affected by the global economic crisis to increase usage of our
storage facilities for non-operational container cargo at NBCT,”
Obaid said, adding that very attractive leasing rates were provided.
a result of the slower growth in world trade, the number of export
container cargo has shrunk. For the first quarter of this year, the
ratio between export container cargo and imported cargo handled was
51:49 at NBCT. This compares with a ratio of 55:45 for the whole of
is targeting the total container cargo handled at NBCT to hit 1.278
million TEUs this year, an increase of about 7.4% from last year,”
75% of the cargo handled at NBCT is full container load, which is
expected to generate 70% of Penang Port’s revenue for this
the implementation of new port tariffs, Obaid said the review was
now being studied by Penang Port Commission (PPC) and the Penang
Port Consultative Committee.
will meet with them soon to make a presentation on the need to raise
charges,” Obaid said.
tariffs were last revised in 2003 and implemented in 2007.
a result of the revision, there was a 30% hike in handling charges
for container cargo. The rate for a 20-ft container today is RM182
and RM273 for a 40-ft container.Obaid said the new tariffs would
enable Penang Port to continue providing competitive pricing and
quality services, and help improve its position as one of the top
100 container ports in the world.
tariff review will be timely due to higher oil prices and other
operating costs which are eroding Penang Port’s profit margins,”
Port Klang and Johor Port have also submitted their proposals to the
Transport Ministry to raise tariffs.