New Malaysian Port Receives First Cargo
The ATB oil terminal in the Port of Pelepas, Tanjung Bin, owned and operated by VTTI, the 50/50 joint venture between Vitol and the Malaysian maritime conglomerate MISC received its first oil tanker alongside their deep draft jetty facilities. The MT “Kition”, a 100,000 DWT tanker safely and successfully discharged at ATB's VLCC berth. The receipt of the first fuel oil cargo from the MT Kition represents a significant milestone for the ATB oil terminal, offering new storage and logistics opportunities for petroleum products in the Singapore region at competitive rates. The terminal is a grass-root project which began construction in September of 2009.
OceanConnect Opens Online Service in Malaysia
OceanConnect offers complete global coverage through our traditional fuel services, and online competition in more than 180 ports. For more information about bunkering in Port Tanjung Pelepas (PTP) or any other port worldwide, contact an OceanConnect fuel expert in one of OceanConnect’s offices or email [email protected].
Maersk-Sealand To Move Hub To Malaysia
Maersk-Sealand, the world's biggest container line, will move its transhipment hub to the Malaysian port Tanjung Pelepas (PTP) from Singapore. Maersk-Sealand, part of Danish shipping and oil conglomerate A.P. Moeller, bought 30 percent of PTP, and expects the move of transhipment activities to PTP from Singapore to give the company more control over operations and entail cost savings. Container handling at PTP, which started operations in October last year, has been forecast to double to one million twenty-foot equivalent units teu in 2001 and reach 3.8 million teu per year once the port reaches full capacity.
Hutchison Buy Follows Maersk Deal
Hutchison Port, a unit of conglomerate Hutchison announced earlier on Wednesday a 30 percent investment in Westport Holdings, a multi-purpose terminal in Malaysia's biggest port, Port Klang. Hutchison, controlled by Hong Kong tycoon Li Ka-shing, said in a statement that the deal would allow it to participate in Malaysia's economy. It gave no other details of the deal. Malaysia has 15 ports including Port Klang, on the west coast of Malaysia, which is the nation's main port. Port Klang, which is made up of three ports, the north, south and west ports, has been trying to compete with Singapore, the largest and busiest container port in the world.