NORTHPORT SETS RECORD-BREAKING PERFORMANCE IN CARGO SEGMENT

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NORTHPORT SETS RECORD-BREAKING PERFORMANCE IN CARGO SEGMENT

Northport (Malaysia) Bhd (“Northport”), a member of MMC Group has set a new record for its conventional cargo business segment after surpassing 10,000,000 Freight Weight Tonnes (“FWTs”) of cargo throughput, the highest achievement of cargo handling in a single year since the formation of Northport through the merger of Klang Container Terminal (“KCT”) and Klang Port Management (“KPM”) in 2000.

The new record was achieved through the discharging of a steel coil cargo from a conventional vessel, MV Great Agility at Wharf 21, Northport on 13 December 2022. Present to witness the milestone occasion were Dato’ Azman Shah Mohd Yusof, Chief Executive Officer of Northport, the Management and employees of Northport.

The record-breaking achievement for Northport’s conventional cargo was contributed by a significant growth in Roll-on Roll-off (“RoRo”) segment and the continued growth of the Biomass Logistics Hub at Southpoint. As at end November 2022, the RoRo segment registered a significant double-digit growth of 76 % against the same period last year, spurred by the Government’s tax incentives on purchase of vehicles. Meanwhile, biomass cargo handling at Northport’s 121-year-old port, Southpoint, has also shown higher growth of 61 % against the same period in 2021.

Last year, Northport ended 2021 on a high note with a remarkable record-breaking performance after successfully handling 3,324,364 TEUs of containers, the Company’s all-time high container handling in a single year.

“The back-to-back record-breaking performance for Northport is the demonstration of our capability to continuously improve our productivity and expand all our business segments, amid continuing business challenges which have disrupted the global supply chain and affected ports across the globe. Today’s achievement has raised the bar for TeamNorthport to strive for more success in the future,” said Dato’ Azman. 

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