Page 3 - MMC NEWSLETTER_OCTDEC

2024 OCTOBER - DECEMBER ISSUE 3

FOREWORD

WELCOME ABOARD TO THE ELEVENTH EDITION OF
MMC PORTS’ QUARTERLY NEWSLETTER!

In this issue, we will share the final quarter’s insights and the The fourth quarter proved to be a fruitful period for all ports.
latest updates on MMC Ports’ activities as we sailed past the In terms of productivity, Northport has achieved new annual
year on a high note. throughput records in its container and conventional cargo
business segments, recording a total of 3,665,738 TEUs of
Internationally, recent UN reports indicate that global trade containers (previous record: 3,324,364 twenty-foot equivalent
is anticipated to hit $33 trillion in 2024, symbolising great
resilience in all quarters despite challenging roadblocks such as units (TEUs) in 2021) and handling 12,691,633 freight weight
tonnes (FWTs) of conventional cargo (previous record:
the year’s geopolitical tensions and the continued supply chain 11,405,312 FWTs in 2023). Johor Port Berhad (Johor Port) has
disruptions at the Red Sea, Suez and Panama Canal. However,
these disruptions have resulted in ongoing volatility in the achieved its highest-ever container volume in December 2024,
recording a throughput of 1,059,111 TEUs and surpassing the
container shipping industry throughout the year, causing several previous record of 1,043,854 TEUs handled in 2019. Penang
key transhipment ports to experience rising congestion and Port also made strides in the transhipment business, handling
increased berth waiting times of 43% between Q323 and Q224.
15,645 TEUs of containerised cargo for the year of 2024, while
Meanwhile on local shores, Malaysia’s economic performance Tanjung Bruas Port Sdn Bhd (Tanjung Bruas Port) saw a 154%
continued to improve during Q3 at a slightly moderated pace increase of container handling throughput.
of 5.3%. This positive trajectory is expected to carry over for the PTP achieved a historic milestone by being the first container
rest of the year through the semiconductor industry's sustained
recovery and consumer spending increases during the terminal in Malaysia to handle over 12 million TEUs in a single
year for 2024. This surpassed PTP's previous record of 11.2
holiday season. Malaysian ports are also set to drive trade and million TEUs set in 2021.
economic growth in the coming quarters, with port operators
planning long-term expansions to reinforce the country's status On the awards front, Johor Port and PTP managed to bag
as a global maritime and logistics hub, leading to Malaysia’s several prestigious awards in various fields during the quarter.
continued attraction of foreign direct investments (FDIs) from This includes Johor Port winning Bulk Commodities Port /
global technology giants. With this, MMC port companies have Terminal of The Year 2024, the Asia Best Employer Brand
expanded their capabilities in different ways, with Northport Awards 2024, which was honoured by the World HRD Congress
(Malaysia) Bhd (Northport) increasing productivity and capacity on November 12 2024, the Green Port Award System 2024
resulted in record-breaking performance throughout the year in and the Best Employer Award 2024 by KWSP Negeri Johor, as
both container and conventional cargo segments. Meanwhile, well as PTP's triumphs in Supply Chain Asia Awards 2024 for
Penang Port Sdn Bhd (Penang Port) strengthened its market Supply Chain Innovator of the Year in Digital Transformation,
through strategic partnerships, and Pelabuhan Tanjung and the UNGCMYB Forward Faster Sustainability Awards 2024
Pelepas Sdn Bhd (PTP) leveraged on port asset upgrades and in the Partnership for the Goals Recognition and the Pioneer
infrastructure enhancements to increase productivity. Sustainable Development Action Recognition.
All MMC port companies take pride in uplifting its neighbouring As we prepare to embark on another journey on the horizon,
communities, enabling them to thrive as the lifeblood of our we would like to thank all our stakeholders for being by our
nation. The feature story "Stronger Together - Fostering side for yet another unforgettable year. Your support fuels our
Community Outreach" aims to shine a spotlight on this bond, continued drive to make a difference for our nation.
detailing each port’s efforts in empowering people across all
walks of life.