JOHOR BAHARU, Dec 31 (Bernama) — The Port of Tanjung Langsat (PTL), in Pasir Gudang, will emerge as the leading chemical logistics hub in South East Asia, given the edge it has over its competitors.
Menteri Besar Datuk Abdul Ghani Othman said the port’s advantages were obvious although it has to compete with integrated petrochemical complexes in Pahang, Terengganu, and Pulau Jurong in Singapore.
Speaking to reporters after officiating PTL’s liquid cargo berth here today, he said PTL can boost of its deepwater facility and offered a far lower cost of operation compared with other ports.
TLP is the third port in Johor, designed to complement the Port of Tanjung Pelepas and Johor Port.
Positioning itself as Southeast Asia’s premier speciality terminal, it handles bulk cargo such as liquefied petroleum gas and dangerous chemicals.
“Besides being very spacious with a 4.5 kilometre shoreline fronting the Straits of Johor and depths of 12.8 metres, the port can accommodate large vessels,” he said.
Johor Corporation, which owns PTL, has invested RM300 million to develop five liquid cargo berths.
Its President and Chief Executive, Tan Sri Muhammad Ali Hashim, said another RM600 million would be invested to install additional berth facilities at the port.
By 2012, Johor Corporation would have invested more than RM1 billion and, todate, has invested about RM500 million to develop itself to complement the nearby Tanjung Langsat Industrial Estate.
With the completion of the PTL’s liquid cargo berth, the port can now handle 26 million metric tonnes of liquid cargo annually, making it the biggest liquid cargo port in the country and region.
The PTL berth will also serve Langsat Bulkers Sdn Bhd, a joint-venture between PTL and Felda Johor Bulkers.
As for activities at the complex, Abdul Ghani said Asiaflex Products Sdn Bhd which was in the midst of completing a RM500 million flexible pipe factory, was planning additional investments to produce high-tech “Umbilical Cords”.
Besides, South Korea’s Kiswire Neptune is planning to invest RM250 million to manufacture steel wire ropes at the integrated complex.