As for the RM155 million SPCT million expansion project, it will kick off in September, a year after Penang Port Sdn Bhd
signed a joint venture agreement with Royal Caribbean Cruises Ltd (RCCL) to develop the project.
Its key businesses under the Ports and Logistics division include the operations of Pelabuhan Tanjung Pelepas Sdn Bhd, Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd
, Tanjung Bruas Port Sdn Bhd, JP Logistics Sdn Bhd and Kontena Nasional Berhad.
Penang Port Sdn Bhd
has assigned RM180 million capital expenditure (capex) in 2018, mainly for the North Butterworth Container Terminal (NBCT) operations.
Exhibitors include the Singapore Tourism Board, Sembawang Shipyard Private Ltd., Intercruises Shoreside and Port Services, the Ministry of Culture and Tourism of the Republic of Indonesia, Inflot Worldwide, Penang Port SDN BHD
, and Latitude 1 Maritime.
Chow also said the ferry services is running at a loss as its revenue was not enough to cover the operations costs, which was why Penang Port Sdn Bhd
wanted to separate the ferry services from its operations.
MMC Corp Bhd has announced that it has decided to acquire a stake of 49% in Penang Port Sdn Bhd
(Penang Port) in a related party deal for an amount of RM200 million.