1.1 Strategic location Penang Port is a strategic location where it located in main maritime routes which is the Strait of Malacca. The Strait of Malacca is one of the most important strategic passages of the World because it supports the bulk of the maritime trade between Europe and Pacific Asia, which accounts for 50,000 ships per year. It is the main passage between the Pacific and the Indian oceans with the strait of Sunda (Indonesia) being closest existing alternative. It measures about 800km in length, has a width between 50 and 320 km (2.5 km at its narrowest point) and a minimal channel depth of 23 meters (about 70 feet). It represents the longest strait in the world used for international navigation and can be transited in about 20 …show more content…
Its major ports along Strait of Malacca, namely Port Klang and Port of Tanjung Pelepas (PTP), have flourished drom a combination of domestic and transhipment cargos that are trasnported via the starits. Malaysian manufacturers and producers of goods and commodities reach their markets worldwide thanks to the excellent connectivity provided by Port Klang, PTP and Penang Port which are located along Strait of Malacca. Malaysia’s maritime industry players – who are involved in activities such as merchant shipping, port operations, support services such as freight forwarding, haulage and logistics, amonng many others – have certainly has benefited from the presence of huge shippinh traffic volumes in Strait of Malacca. The considerable container throughput generated by its premiere container ports along Strait of Malacca, namely Port Klang and PTP generates tremendous multiplier effects to the local maritime industry and ancillary services sector, and the nation’s economy. Malaysia certainly has benefited from its location along the Straits. Its port have thrived from the explosive growth of China’s …show more content…
The capital layout is spent on among others increasing number of berths; procuring cranes and port vehicles; expanding container yards; developing manpower and improving connectivity with other modes of transport and with the hinterlands. The prosperity generated by the container traffic in the Straits is not confined to ports alone. The goodies are also spread out to other palyers in the maritime sector. Local shippinh companies providing feeder services to the main line operators calling at the ports along the Straits have thrived, owing to the presence of the latter. Companies providing a wide range of shipping and port-related services such as bunker supplies, cargo handling, ship management, crewing and dredging have also prospered. So have shipyards providing services to shipping companies plying along the Straits and calling at local ports. Then, there are other indirect support service providers sucha s financial institutions, integrated logistics, freight forwarding, warehousing, distribution, packaging and many others whose business have also flourished, thanks to the growth of container trade and the presence of shipping lines in
2. This group will start to improve the environmental and building quality because they want to live in an attractive area. Group specific services started to flourish in docklands (e.g. wine bars, delicatessens) because there was a threshold population for business to be profitable in a once ailing and depopulating area. 3. The area subsequently becomes fashionable and now attracts the higher socio-economic groups and the high income bracket
Shipping goods through Detroit to the Port of Halifax provides the opportunity to use vacated industrial centers by repurposing these facilities for transshipment and manufacturing. Detroit as a transshipment hub provides a distribution system for goods to move to worldwide markets. Many manufacturers have failed due to a lack of an adequat...
Sharing borders with major maritime routes, Sweden also has important seaports. Its rich maritime history also facilitated the development of the Swedish shipbuilding industry. Sweden has the second largest shipbuilding industry in the 1960s and 1970s until Japan outperformed and surpassed Sweden. Various factors contributed to the decli...
...ed third amongst all Indian Major Ports of handling container traffic. The dock at Kolkata Dock System is one of the fastest growing in Conatiner Traffic amongst the Major Ports of India.
dock as a place for the trade their goods, look at the map below to
Our Logistics unit is driving for synergistic growth, developing and securing its links to Container Shipping
This report provides an analysis and recommendation of current issues faced by Singapore-based Meli Marine, a leading container shipping company in the intra-Asian market, weather gain a presence in the Asia-North America trade routes through an acquisition of 16 vessels of Teeh-Sah Holdings. On the surface, this opportunity would expands Meli’s business and diversify it’s operations and provide a protect function against a downturn in intra-Asian market. But, this oppotunity will bring Meli lots of economic risks. It would return Meli to its former less flexible model with owning vessels also. I recommend that Meli giving up this opportunity and keeping going current excellent customer service then gradually into TransPacific
More than forty thousand merchant ships, and countless number of smaller coastal craft, ply world oceans which comprise nearly seventy percent of the earth’s surface. Each year approximately ten million containers of cargo, containing raw materials to finished goods are transported by seas. The ships are owned by different states, private companies or individuals and manned by mixture of seafarers from different countries, mixed together from various nationalities. These ships are perhaps the most autonomous entities on earth as rule of law allows frequent change of their allegiance or identity by choosing a flag to suit their requirement.
Singapore acts as a role of an entrepôt for Southeast Asia due to their strategic location, port infrastructure and highly skilled workforce. Singapore also purchases raw materials from other country and then refine the product into a better product to re-export. The reason for Singapore to do this is because of the lack of human and natural resources.
Travel and tourism is the largest industry as it a billion dollar industry. Malaysia currently acquired their biggest achievement of securing 25.7 million tourist arrivals last year which will contribute the millions of ringgit to the economy impact.
"Strait of Malacca (strait, Asia)." Encyclopedia Britannica Online. Encyclopedia Britannica, Nov. 2005. Web. 02 Dec. 2013.
Malaysia is located in the south-eastern Asia, bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam. Due to its locations, it has been colonised since the late 18th centuries by many countries. Since 1965, Malaysia has had one of the best economic records in Asia, with GDP average of 6.5% growth for almost 50 years. The economical development especially boosted during 1981 and 2003 under the governance of Prime Minister Mahathir bin Mohamad. Malaysia succeeded in diversifying its economy from dependence on exports of raw materials to expansion in manufacturing, services, and tourism. Also, the current Prime Minister continues to pursue pro-business policies .
...e person). The Johore-Singapore Causeway which connects Malaya and Singapore was completed in 1922. New cities were built due to mining such as Kuala Lumpur, Ampang, Taiping and Ipoh.
In logistic industry, they have been through lots of challenge in worldwide market. As the containerization of the global economy scopes, a phase of development and explanation, ports find themselves inserted in ever changing commercial environment where logistics is the forefront. Thus, this industry reaches a phase of maturity and rationalization due to the process of logistic on land.
Janus Corporate Solutions. (2011) Introduction to Singapore’s economy. Guide me Singapore. Retrieved April 4, 2011 from http://www.guidemesingapore.com/relocation/introduction/singapores-economy