Labuan Liberty Terminal aims higher capacity

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LABUAN Liberty Terminal’s container handling capacity is expected to increase by 5% to 10% per year following the takeover of the terminal’s operation and facility management by Straits Inter Logistics Bhd.

Labuan Port Authority (LPA) GM Zulkurnain Ayub said the number of containers in the port is hovering around 30,000 twenty-foot equivalent units (TEUs).

“It is a very small number, but you have to understand that there is a physical space constraint to handle more than that.”

“Two years ago, there was an issue of congestion in the port. But, to be able to accept a bigger number, there should be a space management to handle the constraints,” he told reporters after the signing ceremony between the LPA and Straits Inter Logistics in Petaling Jaya yesterday.

“If the operator could manage the space well and have another container yard to absorb the surplus of tonnage, then I think it can grow as much as 5% or 10% per year,” he added.

Straits Inter Logistics has signed an agreement with LPA to operate and manage the Labuan Liberty Terminal, after announcing the six-year contract in January.

The contract will be undertaken by the company’s 51%-owned subsidiary, Megah Port Management Sdn Bhd, in which the remaining 49% stake is held by LPM Holdings Bhd.

Its non-independent and non-ED Tan Sri Mohd Bakri Mohd Zinin said the contract serves as an opportunity for the company to venture into port management services, complementing its existing oil trading and bunkering services business.

The port management services, to commence on April 1, include container operations, breakbulk, berthing and mooring, harbour tug services, stevedoring, bunkering, and ship chandler to container and conventional vessels.

Read more at: https://themalaysianreserve.com/2020/03/04/labuan-liberty-terminal-aims-higher-capacity/

Categories: Press Release

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