An Unlikely and Remarkable Safety Journey
Late last year, the Transportation Research Board released a major study that was undertaken “in response to the rapid development of domestic sources of energy and questions about the safest ways to move these products.” The Study Committee examined the operational responses of the three primary modes impacted by the fracking revolution – rail, pipeline and maritime. A primary observation of this work was that that the “Marine Transportation System Offers a Model for Robust Safety…
Port Plans $105M Investment
Malaysia's Port of Tanjung Pelepas (PTP) intends to buy more than 400 million ringgit ($105 million) of equipment to handle an expected rise in container shipments. PTP's chief executive Mohd Sidik Shaik Osman was quoted by national Bernama news agency as saying he expected volume to triple to 150,000 TEUs by March after averaging 40,000 to 50,000 in the second-half of last year. PTP, a deep-sea port located at the south-western tip of Peninsular Malaysia, created a stir in the shipping world last year when it snatched away Maersk-Sealand, neighboring Singapore's prized client, as its anchor customer and shareholder. Maersk-Sealand, the world's largest shipping line, now owns 30 percent of PTP and is expected to channel some two million TEUs to the port.
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.
Kitimat LNG Partners to Purchase Pacific Trail Pipelines Interest
Kitimat LNG partners Apache Canada Ltd. (Apache Canada) and EOG Resources Canada Inc. (EOG Canada) announced that they have agreed to purchase the 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTPLP) they do not own from Pacific Northern Gas Ltd. (PNG) for $50m. Apache Canada and EOG Canada will pay PNG $30m on closing – expected by the end of February – and a second payment of $20m when the purchasers decide to proceed with construction of the Kitimat liquefied natural gas (LNG) export facility. "Acquiring the PTP is an important step in building a comprehensive system that will enable Apache and EOG to tap Asian markets for our abundant natural gas resources in the Horn River Basin and elsewhere in Western Canada," said Janine McArdle, president of Kitimat LNG.
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.
Shell Signs 3-year Contract to Lease Oil Tanks in Panama
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp, sources involved in the deal told Reuters. The facility, designed for storage and transshipment of crude oil to tankers, is owned by Petroterminal de Panama (PTP) and includes up to 14 million barrels of storage capacity on the Atlantic and the Pacific shores. "We have signed a contract with Shell for a three-year period involving all the available space we have," said an official from the Panamanian government. The contract still needs final approval by the country's Finance Ministry. (Reporting by Elida Moreno and Marianna Parraga)
Malaysian Port To Receive $263M Infusion
A Malaysian port 30 percent owned by Danish shipping giant Maersk Sealand is expected to receive a $263 million government loan for expansion, Reuters reported. The Port of Tanjung Pelepas (PTP), located in Malaysia's southern Johor state, needs the money for dredging and land reclamation.. Maersk, the world's largest shipping line, bought its stake in the port a year ago to relocate its shipping business from Singapore, which is across from Johor. PTP, which has targeted cargo throughput of two-million TEUs this year and 40 percent volume growth in 2002, needs deeper wharves to accommodate larger container vessels. - (Reuters)
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@example.com.
Radio Holland Opens Office in Malaysia
Radio Holland Malaysia opened a new office in Johor, Malaysia to support shipping in the ports of Johor and the vicinity. Over the years, Radio Holland Malaysia has expanded its business to the Southern Region of Malaysia known as Gelang Patah, Johor. With this new office, Radio Holland Malaysia aims to be close by to perform service in the ports of Johor. Already with an office in Port Klang, the new office is located near Malaysia’s container terminal, The Port of Tanjung Pelepas (PTP) located at the confluence of the main east-west shipping lanes.
Tanjung Pelepas to Provide Training for Maritime Students
Port of Tanjung Pelepas (PTP) signed a Memorandum of Understanding (MoU) with Universiti Malaysia Terengganu (UMT) for the development of maritime and logistics studies by providing training to UMT students. PTP chief executive officer Marco Neelsen said the agreement was also a platform for sharing and, Research development in maritime technology and port management sectors. “As one of the world’s top container ports, PTP is looking forward to working closely with UMT in developing industry-ready graduates through various programmes,” he said.
KOTUG Asia's Rotortugs Begin Work in Malaysia
KOTUG Asia Sdn. Bhd. has commenced towage activities with its Rotortugs in the port of Tanjung Pelapas (PTP) Malaysia, with effect from November 1, 2015, the operator and owner announced today. KOTUG Asia said it started its operations with two 65 tons bollard pull Rotortugs, RT Claire and RT Stéphanie, in PTP delivering 24/7 operations supported by local Malaysian management and experienced crew. Additionally, the company said it is able to rapidly expand its fleet with more powerful tugboats.
93 Kalmar Terminal Tractors for PTP, Malaysia
Kalmar has extended its long cooperation with Port of Tanjung Pelepas (PTP) in Malaysia by providing them with 93 terminal tractors for container handling. The approx. EUR 5 million purchase was booked in Cargotec's 2016 third quarter order intake, with first deliveries taking place in December 2016. PTP is Malaysia's largest container terminal and is currently ranked 18th in the Top Container Ports Ranking 2015. Last year, PTP continued to grow and expand its business in the…