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 provide, manage, operate and maintain adequate and efficient services and facilities to all port users for a period of 30 years commencing 1 January 1994.