Page 3 - MMC Ports Newsletter-2024_Apr-Jun_ISSUE

2024 APRIL - JUN ISSUE 3

FOREWORD

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

In this issue, we will share the latest This is a major factor behind Malaysia’s container vessel, MV OOCL Japan with a
scoops on MMC Ports’ progress, gross domestic product (GDP) growth capacity of 21,413 twenty-foot equivalent
upgrades, and activities as we arrive of 4.2% for the first quarter of 2024, units (TEUs), in its premises.
at the halfway point of the year, with Bank Negara also citing the rise
showcasing how each port is steadying of private expenditure in this uptick. Most notably, Pelabuhan Tanjung
its operations to upkeep value for its Pelepas Sdn Bhd (PTP) was announced

users and stakeholders nationwide To handle this improvement in as the world’s fifth most efficient port by
amidst uncertain waters. volume, it is imperative that all ports the 2023 Container Port Performance
are consistently functioning at their Index (CPPI), as well as the top port
Globally, international supply chain peak to meet growing demands and in the Southeast Asia region. This
issues continue to persist due to ongoing ensure smooth performance for all port game-changing feat demonstrates
conflicts and geopolitical disruptions users. This can only be done through PTP’s relentless pursuit for operational
in the Red Sea, which has resulted in world-class maintenance capabilities excellence and continuous improvement
rising market costs and adaptive vessel across all fronts, as showcased in as a top player in the global trade
diversions towards alternative ports. our main feature, “Safeguarding industry.
However, this factor combined with the Standards: Thriving Through Effective
recent general growth in container trade Port Maintenance”, an insightful story As we embark towards the second half
has presented a unique opportunity detailing each port’s capabilities and of the year, we would like to thank all
for strategically located ports such as upkeep measures. of our users, stakeholders and readers
Northport, which took on more than for their unwavering support. It is our
80 ad-hoc calls since January due to The second quarter marked a goal to finish 2024 on a high and to
ongoing circumstances. productive period for MMC Ports and continuously trailblaze innovation
its associated companies in terms as a major player in Malaysia’s trade
Additionally, 2024 proved to be a of both productivity and impact, capabilities.
fruitful period domestically, with notably with awards such as Kontena
Malaysia posting its highest-ever Nasional Berhad's (Kontena Nasional)
first-quarter trade results attributed Anugerah Majikan Paling Setia
to recovering global trade markets and for the year 2023 by Lembaga Zakat
a higher volume of shipments to ASEAN Selangor, as well as Northport (Malaysia)
regions, the United States (US) and Bhd's (Northport) groundbreaking
Japan. achievement of welcoming its largest