Tanjung Piai Maritime Industrial Park
Dry bulk shipping is the seaborne transport of commodities such as iron ore, coal, grain, bauxite and phosphate (the major bulks), and other metals, minerals, and agribulk such as fertilizer (minor bulks). The industry itself is extremely cyclical and volatile, characterized by large booms and busts.
The global dry bulk carrier fleet can be divided into four categories based on the vessel's carrying capacity: Capesize vessels, Panamax vessels, Handy max vessels, and Handy size vessels. With the trend of plants being built further away from the demand centres and often in areas where deep water access is unavailable, the concept of a transhipment hub is becoming increasingly valuable in the logistics industry.
A central efficient deep water hub such as a maritime park is used for the deep sea vessels to discharge and be distributed by road, rail or coastal vessel to its final destination. As such, the main attributes of an excellent hub are:
With Tanjung Piai Maritime Industrial Park ticking all the above boxes, there is a significant future for the dry bulk and agribulk industry to be developed here.
“Malaysia’s energy demand will almost double between today and 2040, with rising contributions from all energy sources.
Fossil fuels remain dominant in Malaysia’s energy mix, with its share still projected to exceed 90% by 2040, although the hierarchy changes. Coal demand increases by more than a factor of three over the projection period, overtaking both oil and gas to become the primary fuel in the country’s energy mix. Oil demand is projected to rise to about 1 million barrels per day by 2040, while the growth in natural gas demand slows.
Demand for renewables more than doubles by 2040, with their share of electricity generation rising to 16%, underpinned by strong policy support.
Malaysia’s role in international markets shifts as the country becomes increasingly dependent on oil and coal imports, while natural gas exports fall back.”
Source: Southeast Asia Energy Outlook 2015, by International Energy Agency (IEA)