Page 22 - MMC NEWSLETTER_OCTDEC

22 MMC PORTS’ NEWSLETTER

ON THE HORIZON

With 2024 being a pivotal breakthrough year in terms of local port performance, Malaysian ports need to leverage this momentum to ensure
a prosperous and progressive 2025 ahead. Mainly, the expansion of port business to global markets remains a core goal for all MMC port
companies, which is in line with Malaysian Prime Minister Anwar bin Ibrahim’s recent call for strengthened maritime synergy and open market
exploration.
Additionally, all ports remain committed to continuously advancing port infrastructure and capabilities as world-class hubs. The demand for
up-to-date warehouses, distribution centres, and other port facilities across the nation has risen, resulting from increased cargo flow and global
shipping transhipment activity during the past year. With this industry contributing an estimated 40% of Malaysia’s GDP and more than 80% of
its exports, these efforts will further enhance the port and maritime industry’s standing as the main pillar of the nation’s economy.

With these goals in mind and a general forecast of 3-5% growth in port-handled goods for the year, each MMC port company is well-positioned
and prepared to continuously accelerate value for all. To fulfil the vision set forth by the Prime Minister, every port has strategically established
specific plans and upgrades moving into 2025.
NORTHPORT TANJUNG BRUAS PORT

With Intra-Asia container volumes expected to grow during The port faces challenges at both macro and micro
the year, Northport remains steadfast in its strategic business levels but is determined to contribute to the country’s
initiatives to enhance capabilities and competitiveness on the maritime development and expansion goals. From a macro
global stage. The port is focusing on further enhancements perspective, the rise of fuel prices, and uncertainties of
for terminal facilities, equipment, and competencies, which economic and geopolitical tensions are expected to impact
will be done through the "Reinventing Northport" programme operations and overall costs, while on a micro level, Tanjung Bruas
to drive sustainable business growth. The vessel fleet is also Port is focusing on enhancing its port infrastructure and facilities,
expected to expand in the coming years, potentially impacting with the 30-acre reclamation project as a key development
trade dynamics as new ships continue to increase capacity. to strengthen its operational capabilities. These efforts aim
to enhance the nation’s prospects through improved trade
efficiency, strengthened infrastructure, and contributions to
PTP the country’s goals of strengthening maritime synergy and
expanding access to global markets. This collective effort
PTP continues its progress in optimisation initiatives under will not only support national development but also solidify
the Kilat programme, investing in terminal equipment Malaysia’s position as a key player in the global maritime
And infrastructure that will fortify PTP's readiness for future landscape.
volume growth while maintaining operational excellence.
PTP also remains committed to its transformation and JOHOR PORT
business sustainability journey, with further plans to empower
its operational resilience and expand its global presence
and customer relationships. These ambitions are reflected Johor Port is committed to a philosophy of contributing to the
through the new GEMINI Danish-German joint cooperation community through meaningful CSR initiatives. The port
planned for February 2025, which is anticipated to drive a focuses on improving the quality of life for local communities
significant increase in volume through PTP serving as the within the port area by supporting welfare programmes,
central hub for shuttles arriving from the mainliners. poverty relief, educational efforts, and environmental
sustainability. Through its outreach activities, Johor
fosters strong, lasting connections and positively impacts
PENANG PORT the well-being of communities and the environment.
Penang Port is well equipped to accommodate cargo volume driven
by new investments and industrial expansions in the northern
region for 2025, done by aligning its development strategy with the
state’s economic growth and evolving needs of industries, as well
as ensuring robust operational efficiency and available terminal
capacity. Penang Port is also currently finalising a comprehensive
Port Master Plan that outlines short-term, medium-term, and long-
term strategies to maintain its competitive advantages.