Northport and PTP discuss collaboration possibilities

Northport and PTP discuss collaboration possibilities

Kuala Lumpur: The era of consolidation in shipping could be spreading into the ports sector with news that two of Malaysia’s top port operators are discussing collaborating together.

MMC Corportation, which runs the Port of Tanjung Pelepas as well as Johor Port, is keen to work with NCB Holdings, which runs Northport. The former has invested in NCB, recently taking a 15% stake in the company.

NCB group managing director Abi Sofian Abdul Hamid said discussions between the two companies were still at the “exploration” stage.

“Collaboration with other ports is one of the ways to achieve higher handling volume whereby we have a target of 3.3m teu this year from 2.58m teu last year,” he told local media.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Andy Lane
    May 1, 2015 at 9:38 am

    Two terminals with the same (exactly) shareholder structure and within the same country might be able to cross-leverage commercially. Otherwise it is difficult to foresee what the value might be here for these two terminals. Not least since Pasir Gudang and Pelepas have failed to “cooperate” over the last 15 years. The next chapter will be interesting.