CEO Morning Brief

Northport Hits All-time High, Handling 365,558 TEUs in August

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Publish date: Thu, 05 Sep 2024, 10:16 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (Sept 4): Northport (Malaysia) Bhd recorded its highest-ever monthly container throughput for the second consecutive month, handling 365,558 twenty-foot equivalent units (TEUs) in August 2024, up from 354,548 TEUs in July 2024.

The company also set a new record for conventional cargo, managing 1,145,021 freight weight tonnes (FWTs) in August, surpassing the previous high of 1,143,318 FWTs achieved in July.

Chief executive officer Datuk Azman Shah Mohd Yusof said the consistent, record-breaking performance month after month reflects Northport's expanding capacity and enhanced efficiency in handling increasing cargo volumes.

“This achievement highlights our resilience and agility in responding to global challenges and the shifting dynamics of international trade.

“By continuously upgrading our infrastructure and services, we have reinforced Northport’s role as a vital gateway for global shipping, capable of meeting the evolving needs of our customers in a constantly changing market,” he said in a statement on Wednesday.

From January to August 2024, Northport received 171 ad-hoc calls and welcomed 13 new services at its port.

The new container yard, Block K, partially operational and expected to be fully completed in September 2024, significantly contributed to the higher volume in August.

“We hope this record throughput will help secure Port Klang’s position among the world’s top 10 busiest ports in 2024,” he added.

On Aug 27, Transport Minister Anthony Loke visited Northport, noting that Port Klang, which includes Northport and Westports, is currently ranked 11th on Lloyd’s List of the top 100 global ports for 2023, up from 13th in 2022.

Loke said Port Klang is on track to secure a spot among the top 10 busiest container ports globally in 2024.

Uploaded by Lam Seng Fatt

Source: TheEdge - 5 Sep 2024

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