Located in the state of Penang, in the north-west of Peninsular Malaysia, Penang Port Sdn Bhd (“Penang Port”) is the oldest and longest established port in Malaysia. The port serves as the primary gateway to the Northern region of Malaysia and Southern Thailand, serving the basins of the Straits of Malacca and the Gulf of Bengal.
Pursuant to the privatisation agreement dated 31 December 1993 (“Privatisation Agreement”) entered between the Government of Malaysia, Penang Port Commission (“PPC”) and Penang Port Sdn Bhd (“PPSB”), PPSB shall operate, manage, provide adequate and efficient port services and operational facilities, in the Port of Penang to control, maintain, construct, improve, and develop the Port of Penang commencing from 1 January 1994.
Penang Port’s terminal, the North Butterworth Container Terminal (“NBCT”) was gazetted as a Free Commercial Zone (“FCZ”) 1 February 2021, which enables Penang Port to be the focal point for shipping and transhipment activities. Penang Port will capitalise on its FCZ status to tap into the “Bay of Bengal” (BOB) market by undertaking transhipment activities for containers moving between the Bay of Bengal and Far–East or vice-versa. Penang Port also plans to link-up feeder operators in BOB with main liners operators to Far-East.