ISKANDAR PUTERI: Port of Tanjung Pelepas (PTP), a joint venture between Malaysia-based MMC Group and Netherlands-based APM Terminals, is now the fifth most efficient container port in the world.
According to the recently published 2023 Container Port Performance Index (CPPI), PTP has risen from sixth place to fifth. PTP also secured the top spot in the South-East Asia region.
The CPPI, developed by The World Bank and S&P Global Market Intelligence, is based on the most extensive dataset to date, covering 405 ports worldwide.
It includes over 182,000 vessel calls and approximately 381 million twenty-foot equivalent units (TEUs) for the entire calendar year of 2023.
PTP chairman Tan Sri Che Khalib Mohamad Noh said achieving the ranking shows that PTP’s drive for enhanced safety, operational excellence and continuous improvement truly makes a difference.
He said it has boosted the port operator’s performance throughout the supply chain and enabled it to deliver “the best service to our customers”.
“As the top performer in South-East Asia, PTP not only reinforces our status as Malaysia’s busiest and largest transshipment hub, but also solidifies our position as a vital trade gateway for the entire region, even amid today’s challenging global shipping environment.”
Meanwhile, PTP chief executive officer Mark Hardiman said the ranking achievement is a significant milestone for PTP.
“Along with our various other accomplishments over time, it highlights PTP’s importance to the maritime sector, the country’s economic development, and trade for the global network,” Hardiman said.
According to the CPPI report, PTP had 3,655 vessel calls and achieved an index score of 158.32 in 2023.
Recently, PTP announced a new operations milestone by becoming the first port in Malaysia to handle a record 1.07 million TEUs in a single month without any congestion for the month of May 2024.