News / Privatisation paying dividends for Penang as productivity rises and more lines call

21/05/2015

Container carriers Yang Ming and COSCO have added Penang as a direct port call on their mainline services between the Middle East and Far East – a fillip for the Malaysian port following its privatisation last year.

The new service, the CM2, deploys six 5,500 teu vessels and will connect South Korea, China, Singapore, Malaysia and Taiwan to the Middle East via Jebel Ali.

Situated at the entrance to the Malacca Straits in north-west Malaysia, Penang Port was privatised last year when ...