By ALIFAH ZAINUDDIN
MMC Corp Bhd’s 70%-owned subsidiary, Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), has installed the region’s tallest ship-to-shore quay cranes at its port in Johor.
The four super post panama cranes are part of eight cranes ordered by the container terminal, with the remaining cranes expected to be delivered by December this year.
Each crane unit measures at a lifting height of 55.5m and weighs at 1,900 tonnes.
PTP CEO Marco Neelsen said in a statement yesterday that it is imperative for the port to increase its capacity to ensure future growth while still offering valuable business proposition to its clients.
“The new quay cranes will complement the 50 existing cranes in operation at PTP. Additionally, PTP has also acquired other terminal equipment such as 93 units of prime movers and 29 units of rubber-tyred gantry cranes.
“In terms of infrastructure upgrading, two berths will be upgraded to accommodate the new Triple E Cranes, while the capital dredging to deepen the channel is commencing, several key initiatives have also taken place accordingly,” Neelsen said.
He said investments in port infrastructure, global supply and demand cycles have created stiffer competition between ports across the South-East Asian region.
“Our investment towards comprehensive upgrading, refurbishment and replacement of terminal capacity and equipment is therefore a true testament of our aspiration in becoming the preferred port of choice in the region,” Neelsen said.
Meanwhile, PTP chairman Datuk Seri Che Khalib Mohamad Noh said PTP is undertaking a series of equipment refurbishment and acquisition projects worth RM500 million to create a new, full capacity berth to cater to mega vessels. At present, PTP operates 14 berths measuring 5km of quay length.
“By investing in these assets, we are further establishing our terminal as one of the best equipped and most technologically advanced terminal port in the region. This is to ensure that PTP progresses well with the rapid changes within the port and shipping industry to meet the growing customer demand,” he said in the same statement.
MMC reported higher revenue of RM1.1 billion in its third quarter ended Sept 30, 2017, partly buoyed by improved throughput handled at PTP and Johor Port Bhd.
To further expand its foothold in the northern region of Peninsular Malaysia, MMC is acquiring the remaining 51% equity interest in Penang Port Sdn Bhd for a cash consideration of RM220 million. The move would allow full consolidation of the port as a wholly-owned unit.