10-04-2024, 07:27 PM
Malaysia's largest port, on the major sea route of Malacca Strait, plans to double its capacity over the coming decades, chasing neighboring hub Singapore as the shift in global supply chains adds to the competition in Southeast Asia's logistics sector.
Port Klang, the world's 12th-largest port and second only to Singapore in Southeast Asia in terms of capacity in 2021, plans to increase its annual capacity from 14 million twenty-foot equivalent units -- a standard measure for container volume -- to 27 million TEUs, with operator Westports Holdings investing 39.6 billion ringgit ($8.34 billion) over the coming decades.
https://asia.nikkei.com/Spotlight/Supply...-Singapore
Port Klang, the world's 12th-largest port and second only to Singapore in Southeast Asia in terms of capacity in 2021, plans to increase its annual capacity from 14 million twenty-foot equivalent units -- a standard measure for container volume -- to 27 million TEUs, with operator Westports Holdings investing 39.6 billion ringgit ($8.34 billion) over the coming decades.
https://asia.nikkei.com/Spotlight/Supply...-Singapore