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Stock

2021-05-15 11:49 | Report Abuse

Growing Port Klang for years to come

https://www.thestar.com.my/business/business-news/2021/05/15/growing-port-klang-for-years-to-come


An important contributor to our cargo volume is e-commerce. Last time, people buy only small items, but now they buy full furniture sets. We are looking at creating some form of green or fast lane for e-commerce products for our ports. We are in discussion with some IT companies to set up a system to expedite the movement of such goods, and to get the cooperation from Customs as currently, our sea ports don’t enjoy e-commerce tax free privileges (unlike some airports), ” he said.

With the system in place, a freight forwarder or consignee can easily declare their consignment, thus making PKFZ as a hub for product fulfillment.

“This will encourage more companies to come in and make Port Klang a regional distribution hub for South-East Asia, and fully unlock the potential of PKFZ. For example, Ikea has pkfz. Ikea built a warehouse at Port Klang, and we envision that if we are more friendly to e-commerce, more players will come in.

“When things are in place in PKFZ, we can then invite all the e-commerce giants to set up

warehouses here for easier distribution of their products. Compared to Singapore, we are still reasonable in cost, and we just need to beef up efficiencies for e-commerce and things like having smart ports.

Port Klang already enjoys a geographical advantage when it comes to the Far East to Europe trade route, being the first port of call for ships on the eastbound leg, and the last port of call on the westbound leg.

“The board should set policy to bring Port Klang to the next level, and to learn from Shanghai and Singapore. We have to create more alliances with shipping lines. With PKFZ fully rented out, the Transport Minister said we should explore new land for another PKFZ kind of model to cater to future demand, ” said Chong, who added that equipment wise, Port Klang is toe-to-toe with other major ports.


“Recently, we received largest LNG vessel in the world from France, which too seven to eight cranes to serve, during its maiden call to Port Klang. We can take the largest container ships in the world, with the 18m (harbour) depth good enough for the largest ships, ” said Chong.

In the recent 2020 report card for PKA, he added that Malaysia is expected to carry on its journey towards economic recovery this year.

“This unprecedented pandemic situation is being controlled by government SOPs, coupled with the launch of Covid-19 vaccination. Together with continued export movements and increased momentum in consumption and investment, Port Klang is expected to handle 13.5 million TEUs this year, or see a potential increase of 2.3% in container handling.

“Strong demand from factories in China after resumed operations caused the volume of container handling to soar again. We are confident we can bounce back, and we are just one to two million TEUs away to reach the 11th position on the container port ladder.”

Stock

2021-05-18 13:45 | Report Abuse

Congestion surcharges add to rising Asia-Europe rates

MAERSK, the world's biggest container shipping line, announced a Suez blockage incident surcharge of US$12 to $30 per container applicable from May 4 until June 30, reports IHS Media

https://www.seanews.com.tr/congestion-surcharges-add-to-rising-asia-europe-rates/189756/

'The Suez ripple effect into the European ports is now manifesting itself as congestion surcharges,' Vespucci Maritime consultancy CEO Lars Jensen.

Meanwhile, Maersk commented on the high frequency of arrivals after the Suez blockage eased.


'Due to the high frequency of arrivals after the Suez blockage eased, we see increased pressure on port terminals and depots and subsequent waiting time across all transport modes,' the Maersk advisory noted.

News & Blogs

2021-05-08 19:11 | Report Abuse

simple logic:

ASP dropping even before new capacity coming online

Imagine, with recovering US & Europe and China new capacity coming in, its a double whammy

ASP will drop exponentially
...........................

ASP can NEVER go up from now...

just think about it - nothing can make it go up anymore but only down

this simple fact itself shows why its extremely risky to be invested with gloves stock

News & Blogs
Stock

2021-05-08 19:01 | Report Abuse

ASP can NEVER go up from now...

just think about it - nothing can make it go up anymore but only down

this simple fact itself shows why its extremely risky to be invested with gloves stock

Stock

2021-05-08 19:00 | Report Abuse

ASP can NEVER go up from now...

just think about it - nothing can make it go up anymore but only down

this simple fact itself shows why its extremely risky to be invested with gloves stock

Stock

2021-05-08 19:00 | Report Abuse

ASP can NEVER go up from now...

just think about it - nothing can make it go up anymore but only down

this simple fact itself shows why its extremely risky to be invested with gloves stock

Stock

2021-05-08 18:57 | Report Abuse

Director's Particular:
Name MR ALBERT SAYCHUAN CHEOK
Details of Changes:
Currency -
Date of Change Type Number of Shares
06-May-2021 Acquired 12,000
Registered Name Albert Saychuan Cheok
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Acquisition
Consideration -
Total no of securities after change
Direct (units) 167,690
Direct (%) 0.01
............


12,000 shares ?? LOL....its shows how much confident they have

its waiting to collapse

Stock

2021-05-08 18:49 | Report Abuse

information is not specific to careplus, but generally to gloves stock

its time you move away to recovery stock which may be slow but certain

Stock

2021-05-08 18:44 | Report Abuse

you have only 2 more qtrs before the absolute reverse happens
glove margins is a double edge sword

Stock

2021-05-08 18:43 | Report Abuse

you have only 2 more qtrs before the absolute reverse happens
glove margins is a double edge sword

Stock

2021-05-08 18:40 | Report Abuse

big players like top glove will squeeze the margin even to negative level to compete and kill the new comers

whats worrying can it compete with China?

Stock

2021-05-08 18:39 | Report Abuse

big players like top glove will squeeze the margin even to negative level to compete and kill the new comers

whats worrying can it compete with China?

Stock

2021-05-08 18:39 | Report Abuse

big players like top glove will squeeze the margin even to negative level to compete and kill the new comers

whats worrying can it compete with China?

Stock

2021-05-08 18:37 | Report Abuse

simple logic:

ASP dropping even before new capacity coming online

Imagine, with recovering US & Europe and China new capacity coming in, its a double whammy

ASP will drop exponentially

Stock

2021-05-08 18:36 | Report Abuse

simple logic:

ASP dropping even before new capacity coming online

Imagine, with recovering US & Europe and China new capacity coming in, its a double whammy

ASP will drop exponentially

Stock

2021-05-08 18:35 | Report Abuse

simple logic:

ASP dropping even before new capacity coming online

Imagine, with recovering US & Europe and China new capacity coming in, its a double whammy

ASP will drop exponentially

Stock

2021-05-08 18:35 | Report Abuse

simple logic:

ASP dropping even before new capacity coming online

Imagine, with recovering US & Europe and China new capacity coming in, its a double whammy

ASP will drop exponentially

Stock

2021-05-08 14:44 | Report Abuse

Once U.S recovers, spot price will dramatically. As fast it went up, thats how fast it will drop.

India covid cases does not boost demand for gloves (as already been shown by the declining ASP). They simply dont buy more gloves as the cases rise.

Vaccination is well known not to induce demand for gloves. It is not required and its volume is too small.

Do not wait till you hear glove players announce drastic drop in ASP

all hell will break loose

Stock

2021-05-08 14:43 | Report Abuse

Once U.S recovers, spot price will dramatically. As fast it went up, thats how fast it will drop.

India covid cases does not boost demand for gloves (as already been shown by the declining ASP). They simply dont buy more gloves as the cases rise.

Vaccination is well known not to induce demand for gloves. It is not required and its volume is too small.

Do not wait till you hear glove players announce drastic drop in ASP

all hell will break loose

Stock

2021-05-08 14:43 | Report Abuse

Once U.S recovers, spot price will dramatically. As fast it went up, thats how fast it will drop.

India covid cases does not boost demand for gloves (as already been shown by the declining ASP). They simply dont buy more gloves as the cases rise.

Vaccination is well known not to induce demand for gloves. It is not required and its volume is too small.

Do not wait till you hear glove players announce drastic drop in ASP

all hell will break loose

Stock

2021-05-08 14:43 | Report Abuse

Once U.S recovers, spot price will dramatically. As fast it went up, thats how fast it will drop.

India covid cases does not boost demand for gloves (as already been shown by the declining ASP). They simply dont buy more gloves as the cases rise.

Vaccination is well known not to induce demand for gloves. It is not required and its volume is too small.

Do not wait till you hear glove players announce drastic drop in ASP

all hell will break loose

Stock
Stock
Stock

2021-05-07 22:57 | Report Abuse

Monday AGM, will likely be pushed up

Stock

2021-05-07 22:55 | Report Abuse

its a neutral news, depending on mmc response it can be positive also

Posted by speakup > May 7, 2021 10:38 PM | Report Abuse

https://focusmalaysia.my/markets/agm-watch-concerns-abound-on-how-ppb-...

next Monday sure drop kaw kaw

Stock

2021-05-06 11:15 | Report Abuse

For the first three months of the year, the world’s biggest freight company posted net profit of US$2.7 billion (€2.3 billion).

That is almost as much as the group made in the full-year 2020 and a 13-fold increase over the figure for the first quarter of 2020, Maersk said in a statement.

........

surely Maersk subsidiary APM Terminals (PTP) would have benefitted

Stock

2021-04-06 20:55 | Report Abuse

Transport Minister confident Selangor will cooperate on ECRL 3.0

April 06, 2021

https://www.theedgemarkets.com/article/transport-minister-confident-selangor-will-cooperate-ecrl-30

The mega project could not afford any more delays.

Wee said if there are to be further delays, the 665km long rail service from Kota Bahru to Port Klang would not be able to fully operate, besides the country also facing the prospect of suffering from losses in servicing the loans.

"I am confident most of them are professional officers especially the politicians. I have full confidence that the Menteri Besar and state authorities will give us full cooperation,"


https://www.bharian.com.my/berita/nasional/2021/03/801850/pelaksanaan-ecrl-tidak-bermotifkan-politik-menteri

Menurutnya jajaran ECRL 3.0 adalah untuk melengkapkan penubuhan hub kargo nasional di Serendah dan meningkatkan kecekapan perjalanan kargo bagi Keretapi Tanah Melayu Bhd (KTMB) dan ECRL.

"Ini penting kerana 70 peratus hasil ECRL adalah dari pengangkutan kargo," katanya dalam satu kenyataan hari ini sebagai maklum balas terhadap satu penulisan yang dipaparkan di sebuah portal yang mendakwa pembinaan ECRL adalah bermotifkan politik.

Ka Siong berkata hub kargo nasional itu adalah untuk membentuk ketersambungan rel dari Serendah ke koridor ekonomi dan pelabuhan di Semenanjung Malaysia termasuk Wilayah Ekonomi Koridor Utara (NCER) dan Pelabuhan Penang, Wilayah Ekonomi Pantai Timur (ECER) dan Pelabuhan Kuantan; serta Iskandar Malaysia dan Pelabuhan Tanjung Pelepas di selatan.

Stock

2021-04-05 21:42 | Report Abuse

https://themalaysianreserve.com/2021/03/22/selangor-to-defend-its-stand-on-ecrl-alignment/

However, the political realignment at Putrajaya in March last year had caused another change of the ECRL project, as the Perikatan Nasional government wanted to reinstate its original plan of Section C, which involves costly construction of the 17.8km-long Genting Tunnel in Bentong, Pahang.

Meanwhile, Wee announced that the ECRL has been further enhanced by extending the original alignment of 640 km to 665km, encompassing the original 30km which is 24km from Jalan Kastam (Port Klang) to West Port, and 6km from Jalan Kastam to the North Port.

Tunnel work using TBM and North port interconnection beneficiary would be MMC CORP

Stock

2021-04-05 21:33 | Report Abuse

Possible infrastructure boost for MMC Corp

https://www.thestar.com.my/business/business-news/2020/11/03/possible-infrastructure-boost-for-mmc-corp

The revival of infrastructure projects such as the mass rapid transit line 3 (MRT3), high-speed rail (HSR) project and the East Coast Rail Link (ECRL) would be a boon for MMC Corp Bhd.

AllianceDBS Research said chances of the said infrastructure projects surfacing in the upcoming Budget 2021 “were high”, as they were “shovel-ready” projects and would be the ideal projects for the government to roll out to spur the economy.

“Besides being a proxy to MRT 3 with its partnership with Gamuda Bhd and the HSR, MMC has emerged as one of the preferred contractors to work with the Terengganu state for the ECRL contract.

“In this regard, it will be working with the state-owned construction companies for ECRL jobs, ” it said in a report yesterday.

Stock

2021-03-31 19:19 | Report Abuse

Container ships facing longer wait times at S'pore port amid global surge in cargo demand

MAR 12, 2021

https://www.straitstimes.com/business/companies-markets/container-ships-facing-longer-wait-times-at-spore-port-amid-global-surge

Mr Peter Sand, the chief shipping analyst at industry lobby group Bimco, said that by far the largest volume growth was seen on the Far East to North America trade.

On this route, volumes rose by 3.6 million TEUs (20ft equivalent unit) in the second half of 2020 compared with the first, and by 2.1 million TEU compared with the second half of 2019.


While cargoes from Colombo and other ports reportedly diverted to Singapore have partially contributed to the congestion, Ms Ng told BT that Singapore's role as a key transshipment hub and a port where crew changes take place are other factors.

CTI Consultancy director Andy Lane told BT that the congestion in Singapore port is "far from being a critical situation".

Singapore also appears to be coping better than other ports, and has a greater ability to flex capacity to meet peak demands as needed, he said.

PSA did not say when it expects the congestion here will be resolved, said BT. But its unit is offering a host of value-added services including priority discharge, top stowage, express delivery and timely updates, in response to the situation.

...............

3.6 million TEUs from 2.1 million on this route + PSA port congestion, gives a lot of explaining for the high utilization reported by PTP

just see the 'marinetraffic' link provided above to see the number of ships waiting at the side

Stock

2021-03-31 13:39 | Report Abuse

Enjoy - the tremendous exponential growth on container ship size:

https://www.youtube.com/watch?v=UDmIMoAWZ9M

PTP handling 23,000 TEUs is indeed game changer.

Stock

2021-03-31 13:29 | Report Abuse

BCC is placed exactly between North Port & West Port....the land acquisition cant be a more brilliant decision.

Look at the traffice using the live tracker above - West Port would be craving for such a berthing space

Stock

2021-03-31 13:23 | Report Abuse

“This will allow the port to serve ULCVs with a capacity of more than 23,000 TEUs. The investment in the ULCV STS quay cranes is among the initiatives taken to improve efficiency by boosting container handling capacity, capability and reliability.

.....

the above is truly a game changer - see the revised rates end of 2019 for ULCV (length exceeds 400m)

https://www.ptp.com.my/PTP/media/File/2019-PTP-Full-Tariff.pdf

Stock

2021-03-31 13:20 | Report Abuse

Repost of a very critical news that came up in Sept end of Q3 20' before the explosive PAT delivered in Q4 20'.

https://www.hellenicshippingnews.com/mmc-corps-biggest-port-ptp-gearing-up-for-better-times-aminvestment-bank/

Besides, it noted, the port recently took delivery of four ultra large container vessel (ULCV) ship-to-shore (STS) quay cranes, with the remaining four units expected to arrive in the third quarter ending Sept 30, 2020 (3QFY20F). This would bring the total to 66 STS cranes, of which 24 are Triple E-compliant (economy of scale, energy efficiency and environmentally improved).

“This will allow the port to serve ULCVs with a capacity of more than 23,000 TEUs. The investment in the ULCV STS quay cranes is among the initiatives taken to improve efficiency by boosting container handling capacity, capability and reliability.

“PTP has embarked on its IR 4.0 (Fourth Industrial Revolution) transformation with the key focus on an autonomous prime mover, terminal operating system, productivity application and terminal network. In collaboration with Dutch terminal truck specialist Terberg, PTP plans to use autonomous trucks in the port area in future. Also, sensors and big data will be introduced in maintenance of infrastructure that shall result in cost savings,” noted AmInvestment.

It added: “PTP will add another 100 acres (to the Tanjung Adang development) with an estimated investment of RM140 million in the existing free zone as the current free-zone land is already 95% taken up. It should attract multinational companies (especially those currently headquartered in Singapore) to put up their production facilities/warehouses there (which would also translate into gateway cargo for the port).”

The research house said it had its first look at the port’s berth measuring 5km and the yard with a storage capacity of 223, 890 TEUs during the visit.

“Dredging work was ongoing to deepen its draught to 18.5m (from 18m currently), which will allow ULCVs to call the port without any tide restrictions. At present, the port is able to support the world’s largest vessel with a capacity of up to 24,000 TEUs. However, this will only be achieved in limited available windows,” AmInvestment said.

Looking ahead, the research house said the outlook for the port sector in the region, including Malaysia, is resilient, underpinned by global trade and investments in the manufacturing sector that generate tremendous inbound (feedstock) and outbound (finished product) throughput for ports.

AmInvestment also said there had been significant relocation of manufacturing bases by multinational companies out of China due to rising labour and land costs, exacerbated by the US-China trade war.

“MMC Corp is well positioned to capitalise on these via its stable of five ports in Peninsular Malaysia, with a total container handling capacity of 21.3 million TEUs annually (50% higher than its peer Westports Holdings Bhd’s capacity of 14 million TEUs annually). We see value in MMC Corp with its port business valued at nine times forward P/E (price-earnings) on a stand-alone basis,” it said.

Stock

2021-03-28 17:28 | Report Abuse

“Hence, unless supply issues in the form of capacity shortages are sufficiently addressed, we may see this development extending into the second half of 2021 and even into 2022,” he warned.

Stock

2021-03-28 17:28 | Report Abuse

By reading above i can only imagine another spectacular earning on Q1 21'by MMC CORP due to PTP

Stock

2021-03-28 17:26 | Report Abuse

Singapore navigating shipping squeeze, container congestion amid surge in cargo demand

26 March 2021

https://www.channelnewsasia.com/news/singapore/shipping-congestion-delays-singapore-port-cargo-demand-14480112

Port operator PSA Singapore said that like many other ports, it has been experiencing a surge in vessel calls and container volumes.
..........................


“This exceptional situation is due to a confluence of factors, including an unprecedented and volatile surge in cargo demand, congestion across all nodes in the global supply chain (including depots, warehouses and seaports) due to renewed lockdowns, a lack of usable empty containers while laden ones are held up longer at these nodes, and shipping lines’ vessel sailing schedule reliability dropping to 10-year historical lows, causing further delays at almost every seaport worldwide,” said a PSA corporate spokesperson.

Experts have also warned that Wednesday's (Mar 24) blocking of the Suez Canal - one of the world's most important trade routes - by a massive 400m-long cargo ship could also cause further bottlenecks in global shipping.

On Thursday, Singapore's Transport Minister Ong Ye Kung said that a prolonged disruption to the Suez Canal could result in PSA seeing further schedule disruptions as shipping lines reroute their journeys.

Mr Rupesh Jain, managing director for Maersk Thailand, Malaysia and Singapore said the shipping giant had experienced the “perfect storm” in global container trade over the past seven to eight months.

After seeing a double-digit volume decline in the second quarter of last year amid global lockdowns due to the COVID-19 pandemic, demand recovered in the third and fourth quarters of last year and “exceeded anticipated volumes much faster than expected”, he said.

“The upswing in demand was driven by a US-based demand surge with other markets following suit soon after due to a change in purchasing patterns and government stimulus packages,” said Mr Jain.

“All available vessels are in use and it is difficult to secure any temporary additional capacity,” he added.

Container production was also down 40 per cent for the first half of 2020 compared to the same period in 2019 which - coupled with unexpected demand recovery - led to a significant drop in the availability of containers globally, he noted.

Congestion, along with lower productivity at terminals and inland depots, with boxes being tied up for longer periods, have also led to bottlenecks, he added.

“As a major transhipment port for the Asia-Pacific region and key Asia-Europe trades, Singapore is not spared,” said Singapore University of Social Sciences’ (SUSS) maritime expert Yap Wei Yim.

“Mismatch between mainline and feeder vessels contributed to significantly longer lay over times for containers sometimes stretching even to weeks,” he said.

Capacity shortages are exacerbated by port congestion, disruptions to vessel schedules and disruptions to repositioning of empty containers, he said, adding that freight rates are being driven up as these problems persist.

Linerlytica analyst Tan Hua Joo noted that a shortage of port labour has also exacerbated Singapore’s situation.

Container demand is likely to remain high with the roll-out of vaccination programmes and the gradual recovery of the global economy, Dr Yap added

“Hence, unless supply issues in the form of capacity shortages are sufficiently addressed, we may see this development extending into the second half of 2021 and even into 2022,” he warned.
...............................


“Extra cargo handling capacity as a backup is needed,” she said, suggesting that more cargo handling facilities and container depots may be necessary to handle such situations.

Port operator PSA Singapore said it has been “ramping up additional capacity and resources, and is working closely with shipping line customers and cargo owners to alleviate the situation”.

"The port of Singapore has taken several steps to alleviate the congestion including taking on new labour from non-traditional countries like Thailand and India, and it has re-activated some of its inactive capacity in the Keppel and Brani terminals," noted Linerlytica's Mr Tan.

"It will also be able to use the new Tuas capacity from the end of this year," he added, referring to the opening of the first phase of the Tuas megaport facility.

Stock

2021-03-27 12:52 | Report Abuse

MMC port is in fact delivering better gross profit per TEUs compared to Westport. Only reason it was not delivering PAT as good as Westport is high depreciation and finance cost.

I think Free cash flow should be as good or better than west port (purely comparing to Port & logistics segment of MMC)


Posted by pingdan > Mar 27, 2021 8:40 AM | Report Abuse

To recap again to all, this is how undervalue and safe to invest in MMC now:

1) Entire Senai airport city - freehold land (927.884hectares = 99,876,602.53 sq ft) - calculate using RM100 per sq ft = RM9.98billion, which is 3 times MMC current market value. Not only this, the company owned 96.17hectares of Freehold land in Pontian, 178,580 sq meters of Freehold land in Klang, 143.4675hectares of Freehold land in Kulim and other leasehold lands not mentioned here.

2) Company owned 30.9% in Gas Malaysia Berhad, 37.6% in Malakoff Corporation Berhad and 39.24% in Zelan Berhad. Market value owned by the company is 30.9% x 3.39b + 37.6% x 4.275b +39.24% x 101mil = 2.695bil, which is 82.72% of MMC current market value

3) Port assets - assuming they listed their port. According to Bloomberg, they able to list their port on USD1billion, equivalent to RM4.15billion, which is 1.27times of MMC's current market value.

Stock

2021-03-27 12:03 | Report Abuse

https://theloadstar.com/surge-in-transhipment-traffic-pushes-port-of-tanjung-pelepas-to-a-new-record/


PTP CEO Marco Neelsen explained the reasons: “A surge in extra transhipment volumes, due to the increased demand in Asia and Europe, and requests from customers to increase their throughput at PTP.”

He said the second-half of the year had seen the opening of more borders and the revival of the global trade economy for the China, transpacific and Europe regions.

Khalib Mohamad Noh, PTP chairman, added that the port had strengthened its position due to its investments in new equipment and efforts to improve container handling capacity.

PTP purchased eight super post-panamax quay cranes, 10 electrified rubber-tyred gantries and dredged the navigation channel to “ensure the new generation of ultra-large container vessels can safely navigate to our port”.

Indeed, HJ Tan, an independent container shipping consultant, told The Loadstar: “PTP was less affected by the blanked sailings during the the first-half, with carriers dropping fewer South-east Asia calls yjam to North Asia, and also benefited from the rebound in the second-half, with more relay and empty repositioning requirements.”

The region’s competing hubs didn’t fare as well, however. In Singapore, PSA volumes saw a 0.9% drop. but there was some good news in September, though, with THE Alliance member HMM committing to a joint-venture terminal.

Mr Tan said at the time it was natural for HMM to hub at Singapore, since most of the alliance’s transhipment volumes were handled by PSA. But. he added: “The bigger battle will be for Evergreen, whose current arrangement at PTP will be expiring.”

.........

PSA and Westport decline while PTP makes record TEUs

That panamax quay is a game changer as it can now handle new tanker market

Stock

2021-03-27 11:53 | Report Abuse

https://gcaptain.com/congestion-hits-port-of-singapore/

“There’s a lot of vessel bunching, which is causing delays, and we see feeders coming in from South-east Asia missing connections with mainline vessels.

“In turn, the mainline vessels coming in are overbooked, therefore transhipment containers are missing their nominated vessels and getting rolled – for a week, in some cases.”

And spot rates have increased as a result, Platts noted, with east coast North America rates, including priority loading, at US$10,000 to $15,000 per feu, some “$6,000 to $8,000 per feu higher than other main ports in South-east Asia, such as Vietnam and Hong Kong”.

Terminal operator PSA International said: “This exceptional situation is due to a confluence of factors, including an unprecedented and volatile surge in cargo demand, congestion across all nodes in the global supply chain (including depots, warehouses and seaports) due to renewed lockdowns, a lack of usable empty containers while laden ones are held up longer at these nodes and shipping lines’ schedule reliability dropping to 10-year historical lows, causing further delays at almost every seaport worldwide.”

PSA added it was responding to the supply chain disruption by ramping up its value-added services to support cargo owners “above and beyond” port activities.

..............

With Suez canal interruptions now, more Transshipment will be moved to PTP & North Port.

Once PTP reaches max capacity, priority loading will cause rates shoot up to the roof!

Stock

2021-03-26 14:35 | Report Abuse

Suez canal blockage will divert transhipment from Jebel Ali, Dubai port to Tanjung Pelepas, Malaysia

https://www.seatrade-maritime.com/sites/cet.com/files/rollovertable.PNG

Container Tariffs will rise even further

Stock

2021-03-22 22:46 | Report Abuse

On Boustead Cruise acquisition is only expected to be completed by 3QCY21. As such you wont be seeing it impacting earnings of MMC. Further, by then they would announce their plan to convert it for different services (port).

Stock

2021-03-21 00:27 | Report Abuse

The 5 biggest ports in Southeast Asia

22 January 2020

https://www.porttechnology.org/news/the-5-biggest-ports-in-southeast-asia/

It is Asia’s most technologically advanced port and has broken the vessel utilization record three times in a row, the most recent being in July 2019 when the MSC Gulsun, the biggest containership ever, called.

Stock

2021-03-20 13:17 | Report Abuse

Lack of connectivity at PTP
...........................

PTP’s poor connectivity is well known in the industry and the problem has never really been addressed. Other than Maersk Line, which is owned by APM Terminals, PTP only has Taiwanese Evergreen Shipping Corp calling regularly.

Other vessels that call at PTP come as a result of vessel-sharing arrangements between shipping lines.

“It’s been the same two lines — Maersk and Evergreen — for so many years now. Incentives were given by the government, and there was much hope, but the numbers have been slow to gain momentum. Some of the growth in throughput has been a result of Maersk taking over other shipping lines, such as P&O Nedlloyd,” the port official highlights.

While there was talk a few years ago of closing down Johor Port’s container arm and moving it to PTP, which is located about 90km away, the idea never took off.

According to reports, the government shot down the idea of merging the two container businesses as manufacturers operating in Pasir Gudang, Tampoi and Tebrau complained of higher transport costs.

Other than the above, there are ship-to-ship operations off PTP, but whether this generates any real income for the port is not known.

Another issue is that MMC’s controlling shareholder, Tan Sri Syed Mokhtar Albukhary — who holds 51.76% equity interest in the conglomerate through Seaport Terminal and other private companies — is heavily geared.

In FY2016 ended Dec 31, MMC posted a net profit of RM549.66 million from RM4.63 billion in revenue. As at end-December last year, MMC had bank deposits and cash balances of RM1.22 billion. However, long-term debt commitments amounted to RM7.55 billion while short-term borrowings were RM1.49 billion.

The sheer size of the group’s borrowings has raised eyebrows.

Nonetheless, Che Khalid says the bulk of the group’s debts are project-financed. “For example, at MMC level, our total debt is RM26 billion, but RM17 billion is at Malakoff and RM2.6 billion at PTP. The rest is very small. At corporate level, it is only RM3.5 billion ... We don’t have borrowings at shareholder (MMC) level. Borrowings are all at the operating companies and they can generate enough cash as they are all making profits,” he told The Edge.

Other than his flagship MMC, Syed Mokhtar also controls 55.92% of diversified DRB-Hicom Bhd through private vehicle Etika Strategi Sdn Bhd.

For its nine months ended Dec 31, 2016, DRB-Hicom suffered a net loss of RM125.95 million from RM8.58 billion in revenue. Among its assets are Proton Holdings Bhd, the ailing carmaker, which is likely to be hived off soon.

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"So, it would seem that much of the appeal of MMC’s port business lies in the third port in Port Klang, to be built on Carey Island.""
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