Two Kemaman Port ops under KPK


  • Business
  • Saturday, 07 Oct 2006

KEMAMAN: Konsortium Pelabuhan Kemaman Sdn Bhd (KPK) has fully taken over the management of two parts of the Kemaman Port, effective Oct 1. 

Datuk Mohamed Awang Tera, chairman of Eastern Pacific Industrial Corp (Epic), which owns 61% equity of KPK, said the takeover from Lembaga Pelabuhan Kemaman (LPK) involved the East Dockyard and the Liquid Chemical Berth (LCB) Terminal. 

Datuk Khairul Anuar Abdul Rahman (right) handing over somedocuments to Ahmad Nordin Abd Aziz. Looking on is Datuk MohamedAwang Tera

The takeover had been carried out over the last 12 years with the cooperation of Road Builder Holding Bhd, which holds 39% share equity in KPK, he said. 

“The Kemaman Port had been administered as a government agency but now as a private company, we would be employing various ways to attract more new investors including offering specific incentives. 

“The integration with Road Builder, which also has another port in Kuantan, allows KPK to use the facilities in Kuantan Port and Kemaman Port as joint resources,” he said yesterday after witnessing the handover of the port's operations by LPK general manager Datuk Khairul Anuar Abdul Rahman to KPK general manager Ahmad Nordin Abd Aziz. 

Among the present permanent users of the port are Perwaja Steel Sdn Bhd and Sea Sand Chemical Sdn Bhd, but the port's privatisation is expected to increase the number of new investors using the port. 

Expected new users include Kemaman Bitumen Co (KBC), which is scheduled to complete the building of its factory at the Teluk Kalong Industrial Area here by early next year. 

“Two million tonnes of cargo are expected to be handled via this port from KBC alone and this figure exceeds the amount of cargo that we have handled so far,” Mohamed said. The Kemaman Port is a deepwater harbour and can receive ships weighing 150,000 DWT and has the capacity to handle 14 million tonnes of cargo. Currently, it handles 10 million tonnes of cargo. 

On KPK's financial performance, Mohamad said it was expecting to hit revenue of RM22mil and net profit of RM4mil next year.  

Besides the East Dockyard and the LCB Terminal, there are three more terminals at the Kemaman Port: the Liquefied Petroleum Gas Terminal handled by Petronas, Kemaman Supply Base operated by Pangkalan Bekalan Kemaman Sdn Bhd and the West Dockyard managed by Road Builder. – Bernama 

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

Did you find this article insightful?

Yes
No

Next In Business News

Tenaga forecasts rebound in revenue
Mustapa: 12th Malaysia Plan to be tabled when Parliament reconvenes
Biggest players in short-selling are getting a pass
Nothing the stock market does ever scares retail daredevils
US Senate passes US$1.9 trillion relief bill
AirAsia Group plans air taxi, drone delivery service
Tengku Zafrul: Govt tapping into more data for effective aid
AirAsia recovering well via digital transformation
Texas grid operator made $16bil price error during winter storm, watchdog says
CPO futures to see quiet trading next week

Stories You'll Enjoy


Vouchers