In 2016 the Straits of Malacca and Singapore saw a traffic increase of 3.4%, and this despite the challenges in the global shipping sector. 2017 onward one of world`s busiest shipping straits keeps attracting massive new port and logistics related investments from governments and the private sector.
Malaysia – via its National Logistics & Trade Facilitation Masterplan and the National Logistics Task Force – stresses development of infrastructure and freight demand aiming to increase cargo volume to 880 million tonnes with an annual growth of 8% in 2020 and beyond. In line with its ambitions, the Malaysian government has planned the Carey Island port project in Selangor to extend Port Klang’s reach and capacity, solidifying its position as one of the key hubs in Asia. Simultaneously multiple other port projects are in planning and construction phases in the country.
Singapore`s Tuas South project, Indonesia`s New Priok and Patimban Ports, Myanmar`s Dawei project, Thailand`s Laem Chabang expansion and Vietnam`s port privatization plans are among the many developments turning South-East Asia currently into the most eager region for the port sector.
At the 4th South-East Asia Port Expansion Summit, government officials, investors, port authorities and port & terminal operators from the entire South-East Asia region will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project developments. Topics will range from AMPC initiatives and impact of China`s Maritime Silk Road, to improvement in customs clearance, port management and operations, to the newest tech developments and how to cater to the new shipping alliances.