Background

Located in the state of Penang, in the north-west of Peninsula Malaysia, 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 into between the Government of Malaysia, Penang Port Commission (“PPC”) and Penang Port Sdn Bhd (“PPSB”), PPSB  shall operate, manage, provide operational facilities and port services in Port of Penang and control, maintain, construct, improve and develop the Port commencing from 1 January 1994.