Page 3 - MMC NEWSLETTER_JULSEP

2024 JULY - SEPTEMBER ISSUE 3

FOREWORD

Welcome aboard to the tenth edition of
MMC Ports’ quarterly newsletter!

In this issue, we will share the quarter’s insights and updates In terms of performance, the third quarter proved to be
on MMC Ports’ activities as we steam ahead towards shaping a a breakthrough period for MMC Ports and its associated
successful second half of the year for all stakeholders. companies. Notably with Pelabuhan Tanjung Pelepas Sdn
Bhd (PTP) handling over 1 million twenty-foot equivalent
Internationally, the fallout resulting from global events such units (TEUs) for three consecutive months from May to July,
as ongoing conflicts and the Red Sea situation continues to where they handled a record-breaking peak of 1,115,181 TEUs,
affect worldwide trade routes, creating challenges attributed and Johor Port Berhad (Johor Port) handling its highest-ever
to disruptions, vessel bunching, and reroutes for supply chains.
These issues are also prevalent in routes between the Far East monthly throughput of 102,324 TEUs (previous record of
99,039 TEUs in 2019). Meanwhile, Northport (Malaysia) Bhd
and Europe, in which the Suez Canal has been directly impacted. (Northport) also broke its own record of container throughput
Meanwhile, hubs in parts of Asia such as China continue to be
impacted by congestion across key ports, causing delays and with 365,558 TEUs (previous record of 354,548 TEUs), as well
as its conventional cargo monthly record with 1,145,021 freight
bottlenecks to cascade through the entire system.
weight tonnes (FWTs) (previous record of 1,143,318 FWTs).
In spite of these persistent challenges, Malaysia has continued On top of records, our companies have also continued
to experience economic success during Q2, seeing an
accelerated Gross Domestic Products (GDP) growth of around to achieve prestigious accolades, particularly with PTP’s
Anugerah Kecemerlangan Industri (AKI) for the Services Sector
5.9% and a nominal export trade growth of 5.8%. Additionally, in Category 4 and Johor Port’s multiple triumphs as a winner
Malaysian Prime Minister YAB Dato' Seri Anwar Bin Ibrahim has in The BrandLaureate BestBrands Awards 23-24 for its Multi-
announced plans to enhance the nation’s competitiveness in
the port industry during the World Maritime Day celebration, Purpose Port Operations, Bulk Commodities Port/Terminal of
the Year 2024 at the Global Port Forum, and Shell Recognition
leveraging upon Malaysia’s favourable location as a key trade Award for Best Operational Excellence at the Pasir Gudang
hub between the West and the East to further boost the nation’s
trade capabilities. Terminal.
As we embark towards greater horizons ahead, we would like
In line with these efforts to enhance the country’s performance to thank all of our users, stakeholders and readers for their
towards being a top international trade hub, all ports must rely unwavering support. It is our goal to finish 2024 on a high and
on a motivated and efficient workforce to bolster a high level
of productivity throughout the years; which we will achieve continuously trailblaze innovation as a major player contributing
in multiple ways as detailed in our main feature “Galvanising towards the nation’s economic prosperity.
Efficiency: Productivity in the Workplace”, a story that shares
each port’s measures towards empowering a culture of
excellence across all fronts.