Penang Port may lose 20% of cargo traffic volume
Penang Port could lose 20% of its current cargo traffic volume, Faudzi(filepic) said in his speech at the Inter-modal Logistics in Digitalisation Conference.
BUTTERWORTH: Penang Port may be at risk of losing 20% of its cargo traffic volume unless its logistics’ efficiency improves, said Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Joint Business Council (JBC) Malaysia chairman Datuk Faudzi Naim Noh.
He said Thailand is developing a deep-sea port off the Chana district in Songkhla province, which faces the Gulf of Thailand and the South China Sea.
Faudzi said the port could serve as a direct seaborne gateway to China and other countries in East Asia, which means that freight traffic from East Asia would travel via South China Sea instead of “looping” around Peninsular Malaysia via the Straits of Malacca to reach their destinations.
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