MTT Shipping says will hit 10,000 TEUs after getting two new vessels


GEORGE TOWN: MTT Shipping is expecting to get two new vessels in the third quarter of 2015, which will enable the company to ship 10,000 TEUs (twenty-feet equivalent units) of cargo monthly.

MTT group chairman Datuk Kenny Ong (pic) said the vessels would increase the cargo vessels owned by the group to eight.

“These vessels will replace the two chartered vessels, which will be phased out,” Ong said.

Ong declined to say how much the two vessels cost.

“Depending on the size, a typical cargo vessel cost around US$8mil,” he added.

He spoke after the launching the inaugural voyage of MV MTT to Penang Port by Penang Port Commission chairman Tan Sri Dr Chua Soi Lek.

“MTT Shipping is today not just the largest domestic operator but also the largest container operator in Malaysia.

“And recently, we were ranked number 70 in the world by Alphaliner,” he said.

Ong said MV MTT is a Japanese-built geared container ship with a nominal capacity of 1,157 TEUs.

“It is one of the larger container ships deployed in the West-East Malaysia domestic trade,” he added.

Meanwhile, Chua said over the past 12 months, the North Butterworth Container Terminal (NBCT) had made substantial progress, delivering crane activities of 27 moves per hour.“This represents a 30% improvement, resulting in faster turnaround of vessels in the port,” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , MTT Shipping

   

Next In Business News

Moody's affirms Malaysia's A3 rating; maintains stable outlook
Thai fin ministry cuts 2021 GDP growth outlook on tourism slump
China's Didi raises US$300mil for autonomous driving unit
Gold falls as safe-haven appeal shifts to dollar
Digital network redesigned to meet higher demand amid MCO
China stocks post biggest drop in over 6 months on policy tightening fears
Japanese shares rack up biggest fall in 6 months as tech shares slide
Allianz gets approval to set up insurance asset management firm in China
Philippine economy shrinks at slower pace in Q4, posts record contraction in 2020
Maybank to spend RM500k to upskill non-clerical employees

Stories You'll Enjoy


-->