Maersk drops Singapore, adds Malaysian port

By Staff -- Logistics Management, 9/1/2000

Shipping giant Maersk Sealand is moving its transshipment hub from Singapore, one of the world's busiest ports, to neighboring Malaysia's new Tanjung Pelepas terminal. All of Maersk's main line ships, except those on the New Zealand and Western Australia routes, will now put in at Malaysia instead of Singapore. The move, to be completed in December, is expected to deal a blow to Singapore, which stands to lose 10 to 12 percent of the freight its port processes yearly from Maersk.

Although Singapore will remain regional headquarters of Maersk Sealand, the shipping company is also taking a 30-percent stake in the Malaysian port and has agreed to operate the terminal there. The company is guaranteeing the port an annual volume of two million TEUs next year.

Talkback

We would love your feedback!

»MORE

Featured Company

HighJump

Forward-thinking companies entrust HighJump Software to power their supply chains. HighJump Software simplifies the art and business of creating, selling and moving products across global networks. HighJump Software helps more than 1,300 clients... more
Management Dynamics

Management Dynamics is a leading provider of global trade management solutions that improve the performance of global supply chains for importers, exporters, logistics providers, and carriers. The company's solutions synchronize the flow of... more
Motorola

Motorola is a global leader in providing integrated communications solutions and embedded electronic solutions. These include: Software-enhanced wireless telephone, two-way radio and messaging products and systems, as well as networking and... more
ATC Logistics and Electronics

ATC Logistics & Electronics (ATCLE) is a premier provider of third party logistics and supply chain services for high-velocity, high-tech devices, in addition to other equipment and components. Industry focus includes wireless, broadband... more