MMC to sell stake in Port of Tanjung Pelepas
[2008-12-23 16:55:55]
| 10 Dec 08 - MMC Corp, a Malaysian energy company and port operator, reportedly considers to sell off a part of Malaysias second-largest container terminal. The company is said to investigate the possibility of a sale in order to raise funds for expansion plans in the power plant and airport sector.According to local press reports, the group received strong interest from compatriot companies as well as foreign parties to buy a stake in the Port of Tanjung Pelepas, which is located just a few miles west of Singapore. MMC presently holds 70% of the shares in the port and Maersk Line＊s sister company APMT holds a 30% stake. Several large container shipping lines, including the Taiwanese Evergreen Marine, and a number of institutional investors are believed to have expressed their interest in buying a stake.Despite this year＊s economic downturn Tanjung Pelepas is confident to meet its volume target of 5.8 Mteu. A spokesperson for the container port recently stated that the growth for 2009 would most likely not be as robust as in previous years, but added that the management was still confident to raise Tanjung Pelepas container handling, even in today＊s difficult trade environment. Over the past years, the Malaysian port has established itself as an alternative South East Asian hub next to Singapore, thanks to Maersk Line and Evergreen 每 by far the facilitys biggest users. See a (dated) satellite view of Tanjong Pelepas(Source : Press Reports / Correspondent / Alphaliner) |
Source: 中国海运网
Keywords:Ports; Terminals; Logistics
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