Malaysia port will become the biggest competitor of Singapore Port

In Southeast Asia, Singapore Port has been the largest container shipping port, Southeast Asian shipping center and the world's second largest container terminal, but in recent years Malaysia port has achieved amazing development. Although it ranks only the twelfth in the world,  Malaysia has even become the most powerful competitor in Singapore Port!

Malaysia and China have jointly opened the Maritime Silk Road, Silk Road and Wangjing Port, a port that blends with land and sea. China and Malaysia will achieve a win-win situation

In the fierce competition, the performance of Malaysia in the first half of the year was strong, and the throughput jumped 17% to 5.27 million TEUs. Malaysia Port Klang will break the record of 10 million TEUs for the first time this year.

Operators of the Malaysia terminal said that this was partly due to strong passenger traffic in Asia. After moving its business to Singapore in 2017, Westport’s business volume was affected. Especially after the acquisition of APL, most of CMAGM's business was taken away. Currently, 72% of CMA's regional transshipment business is handled in Singapore.

Westport handled 80% of the container in Port Klang, Westport's container throughput dropped by 9%, and then only recovered by 0.4% in 2018. In contrast, Alphaliner's data shows that Singapore's trade volume increased by 8.7% last year.

Govinda Sami said to the "Load Star": "If Malaysia adopts appropriate methods, including joint venture terminals, berth occupancy and reward schemes, then Malaysia may win some passengers from Singapore, even more than Singapore ports. Still more."

"The shipping company's alliance is not static. In a market with such a large port capacity, if the shipping company has a large amount of cargo, it is impossible to change the role."

He said that if Malaysia Klang port continues to expand, it may lead to overcapacity. His real challenge is his own challenge, not his figure.

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