Business

Johor Port container throughput crosses 1 million TEUs in 2020

The port records year-on-year growth of 6%, as manufacturing regained momentum in the second half of the year

Updated 5 years ago · Published on 07 Jan 2021 6:08PM

Johor Port container throughput crosses 1 million TEUs in 2020
Johor Port reports over one million twenty-foot equivalent units in container throughput in 2020, despite headwinds presented by the Covid-19 pandemic. – Pixabay pic, January 7, 2021

KUALA LUMPUR – Johor Port Bhd’s container throughput has surpassed one million twenty-foot equivalent units (TEUs) in 2020 amid the Covid-19 pandemic .

Johor Port chief executive officer Md Derick Basir said despite the headwinds presented by the pandemic, which affected the overall port business and related industry sectors, as well as a shortage of empty containers in Malaysia and other parts of the region, Johor Port managed to continue its positive performance. 

“Johor Port recorded a year-on-year growth of  6%, and with the re-opening of industries on May 4, 2020, the export volume has regained its momentum as manufacturers stepped up their production to meet the pre-movement control order,” he said in a statement.

 Derick added that the export and import volumes have shown some improvement this year mainly due to the strong support of gateway cargoes.

“The majority of the gateway volume was derived from the production by major industry players. Johor Port had also managed to secure four new services in 2020 mainly to the Intra-Asia region,” he said.

Going forward, he said Johor Port remained optimistic on its growth prospects throughout the year as global trade recovers gradually.

“While we are expecting a long recovery period of between six months and a year, Johor Port is committed to ensuring business continuity and for the port to be managed well throughout this volatile time,” he concluded. – Bernama, January 7, 2021

Related News

Malaysia / 3w

Covid-19 cases in Malaysia stable, no deaths recorded this year – MOH

Business / 3mth

US investigates manufacturing overcapacity in 15 economies, including Malaysia, EU

Malaysia / 3mth

Bad move to channel EPF dividends into Account 3 for festive withdrawals, cautions economist

Malaysia / 4mth

China remains major player in Penang’s services and manufacturing sectors

Opinion / 7mth

A tale of two administrations: How Warisan and GRS shaped Sabah’s future

Business / 8mth

Matrix Concepts, Golog Holdings set to elevate MVV TechValley into nation's next logistics powerhouse

Spotlight

Malaysia

Women are pillars of national progress, community formation - PM Anwar

Malaysia

Muhyiddin's 'congratulatory' message to Hamzah a fake

Malaysia

Hamzah Zainudin launches new political party, Parti Wawasan Negara

Malaysia

Disturbing video of alleged employers assaulting their helper goes viral (video)

Malaysia

Illegal Rohingya settlement demolished after widespread public outcry

Malaysia

Three more political figures expected to be charged soon

Malaysia

Ten Johor “hotseat” constituencies set for fierce multi-cornered battles

You may be interested

Business

Singapore-based Galatek Technologies sets up production hub at Prai Industrial Estate

By Ian McIntyre