Port of Tanjung Pelepas
KUALA LUMPUR: The Port of Tanjung Pelepas (PTP), a joint-venture between Malaysia-based MMC Group and Netherlands-based APM Terminals, has successfully issued its inaugural Green Sukuk, reinforcing its commitment to sustainability and responsible investment.
The issuance is valued at RM500 million and split equally across three- and five-year tenors, it said in a statement.
PTP chairman Tan Sri Che Khalib Mohamad Noh said the proceeds from the Green Sukuk will be used to fund PTP’s capacity expansion, enabling the terminal to continue serving its customers’ growing needs across export, import and transshipment cargo.
"This is part of a larger investment plan aimed at increasing the terminal’s handling capacity to 15.9 million twenty-foot equivalent units (TEUs) annually within the next few years,” he said, adding that the development supports Malaysia’s maritime ambitions.
PTP chief executive officer Mark Hardiman, meanwhile, said the issuance attracted overwhelming demand from the market, achieving significant oversubscription.
"The strong investor appetite gives us both comfort and confidence for future issuances to support our long-term growth plans.
It also underscores the trust investors place in our ability to deliver operational excellence while advancing sustainability," he said.
PTP has recently been rated by Alphaliner as the world’s fastest-growing port at 15.4 per cent in the first half of 2025, marking the highest growth rate among the Top 30 global ports under the research house’s ranking.
Now in its 25th year, PTP has also accomplished operational milestones over the past months, surpassing 1.2 million TEUs handled each month between April and June 2025 without congestion, and achieving more than 15,000 moves in a single 12-hour shift.
These achievements demonstrate the terminal’s exceptional capability and operational excellence, reflecting the precision, discipline and synchronisation that drive PTP’s continued success. - Bernama
