Imports of Rice and cocoa are handled only at this facility. But challenges remain. Some are doing better than others. Hence, it is no surprise that Malaysia houses one of the biggest port facilities in the world. COVID-19 brought it out to the fore and into the international market spotlight. Dragon service to be blanked in Week 6 due to Lunar New Year holidays and to reset vessel schedule to offset accumulated waiting times at load and discharge ports. With Maersk, the largest container ship operator in the world, owning a 30 percent stake in PTP, we believe it will ensure that PTP will remain as its regional transshipment hub, ensuring sustainability of TEUs volume, said MIDF Research. This cookie is set by GDPR Cookie Consent plugin. In a report on Thursday (June 2), industry news provider The Maritime Executive (TME) said while there were signs of improvements, data from research and analysis firm Sea-Intelligence continued to show persistent scheduled delays with as many as one in 10 container ships . Kasim said PDRM will also take action to disperse congestion by activating the SmartLane route at several locations on the North-South Expressway through collaboration with PLUS Bhd. Shipping capacity was quickly exhausted at the start of the pandemic because everyone planned for a big decline in demand but in fact there was a surge because people wanted to buy things. Li & Fung owns 78.3% of LF Logistics with the remaining 21.7% held by Temasek Holdings, the Singapore governments investment vehicle. Smart Schedule This tool provides instant access to the latest sailing schedules, benchmarked freight rates & carrier performance. Moreover, Maersk has started offering direct service from Qingdao to central Africa in order to provide more reliable service for the Northern China market. But frankly, we dont. Kuantans annual handling capacity is around 600,000 TEU and in 2018 its total annual cargo throughput stood at 26 million tonnes. Learn more about international shipping here. The former comprises 9 container handling facilities capable of handling the worlds biggest container ships and handles around 75% of containers arriving at Port Klang. REUTERS/Lucy Nicholson. Functioning as the major facility on the eastern shoreline of the Malaysian Peninsula opening to the South China Sea, it is operated by Kuantan Port Consortium. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. New containers go into market by 2024, increasing overall capacity and improving schedule reliability.