Page 3 - MMC Ports Newsletter-2023_July-Sept_ISSUE

2023 JULY - SEPTEMBER ISSUE 3

Foreword

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

This issue covers the latest on MMC Port
Holdings Sdn Bhd’s (MMC Ports) activities
and strides as we progressively continue through the
last quarter of the year with high spirits and ambitions.

Generally, the market atmosphere in Q3 2023 thus far
has seen mixed dynamics. While strong market demand
was observed, Q3 also faced a deceleration attributed
to currency fluctuations and intensified competition.
As a result, sea freight rates are expected to soften due
to increased container shipping capacity and a weaker
global economy.
Despite varied market conditions, the shipping and
port businesses are still anticipated to experience a
rebound in volumes as peak shipping season dawns.

Members of MMC Ports are determined to maintain Highlighted in the ‘Around Our Ports’ sections,
the positive momentum in line with the good several MMC ports have established revolutionary new
progress observed through the year thus far, collaborations and initiatives to enhance the nation’s
with general increases in container handling rates and maritime sector, notably with Johor Port’s partnership
new services all-around, as well as key milestones with PT Pelindo Jasa Maritim, PTP’s renewal of
established such as the 60 years commemoration of their Memorandum of Understanding with Universiti
Port Klang’s operations at Northport. Malaysia Terengganu and many others.
With the heart of our operations spearheaded by Additionally, this quarter marked the 50 anniversary
th
advanced state-of-the-art machinery, our main story celebration of Northport’s containerisation at Port Klang
“Man and Machine: Advancing Port Capabilities” as well as Kontena Nasional’s 52 anniversary.
nd
focuses on all MMC ports’ machines and equipment,
highlighting their significance and role in empowering As we head towards the end of the year, MMC ports
and enabling efficiency on a daily basis. hope to leverage upon positive momentum to maximise
value for our stakeholders, striding forward towards
In line with a new ferry service recently launched in even more progressive innovations and milestones.
early August, the next feature story “Propelling Penang
Port’s Ferries” offers an exclusive insight into the past, With that, thank you for joining us on this voyage once
present and future of Penang Port’s ferry operations, again! Do read on for an exclusive overview of our
as well as its current standing and operations as one of Q3 activities and comprehensive updates on each
Penang’s premier public transportation options. MMC port’s latest happenings.