Future Expansion of Malaysian Ports

Kuantan Port in Malaysia is expected to grow exponentially in the coming years. A partnership between IJM Corp Bhd and its subsidiary Kuantan Port Consortium Sdn Bhd (KPC), as well as China’s Guangxi Beibu Gulf International Port Group will facilitate the expansion.

The final design of the project is due in October; the partners have agreed to expand the facility with 16 extra meters of draft alongside the new facility’s berths to help support trade to and from the adjacent Malaysia-China Kuantan Industrial Park. Kuala Lumpur, Malaysia’s major gateway near the capital, is also slated for expansion. Rumors of a third major port being built have also circulated via the Port Klang Authority; this would be in response to rising demand. Westport and Northport currently handle container traffic at Klang.

This presents an issue because these ports also have their own ambitions for expansion, being hindered in their endeavours as long as Port Klang continues to use their facilities. Northport’s plans to increase capacity include means of purchasing larger container-handling equipment, while Wesport plans to raise funds for new developments through a proposed initial public offering. Westport’s goal is to have this complete within the calendar year.

The expansion in Malaysia means more access of maritime shipping to the Asian market, especially due to the connections between Malaysia and China. This is an expansion project that companies will want to be familiar with in the coming months, as its development will affect access to the region.

Source: http://globalseafreight.com/future-expansion-of-malaysian-ports/