In a significant event for Malaysia's maritime industry, MTT Shipping Sdn. Bhd. marked the maiden voyage and inaugural call of our new vessel, MTT Bintangor, at Westports Malaysia.
The event, held on short notice, saw a gathering of distinguished guests and key figures from the shipping and finance sectors, including the Minister of Transport, Yang Berhormat Tuan Anthony Loke Siew Fook.
The event began with the Managing Director of MTT Shipping, Mr. Ooi Lean Hin thanking all guests for attending and acknowledging YB Anthony Loke’s contribution to the maritime sector:
"Your support and unwavering backing of the government for local shipping companies will certainly help in advancing Malaysia’s maritime industry”.
MTT Bintangor, with a capacity of 1,836 TEUs, is among the 12 new ships being delivered this year.
The vessel is equipped with a Mitsubishi Eco LSH series Tier III engine, featuring an advanced electronic control system that optimizes fuel efficiency and significantly reduces exhaust gas emissions.
This underscores MTT Shipping's commitment to sustainable maritime operations, in line with the IMO and the government’s environmental goals of achieving net zero emissions by 2050.
MTT Shipping's journey, which began in December 2010, has been remarkable. From a small start-up with time-chartered vessels and leased containers, we have grown to become Malaysia's largest homegrown container operator.
The addition of MTT Bintangor brings our fleet to 21 vessels, with six more expected by the end of 2024.
The company's fleet is projected to have a nominal capacity of nearly 29,000 TEUs by year-end, with container equipment exceeding 28,000 TEUs.
Our service network has also expanded significantly, covering regional ports such as Singapore, Bangkok, Laem Chabang in Thailand, Calcutta in India, Belawan, Jakarta in Indonesia and various niche river ports within the Riau Islands, Sumatra.
Despite this regional growth, MTT Shipping remains committed to servicing domestic routes between Peninsular and East Malaysia.
The current challenges in the global shipping industry, including supply chain disruptions caused by COVID-19 and the recent Red Sea crisis, have led to increased freight rates and a shift in shipping capacities to more profitable routes, impacting local shippers.
MTT Shipping has continued to prioritize its domestic customers, increasing vessel deployments to cope with reduced capacity due to port congestion.
The Company hopes to contribute to government goals by reducing dependency on foreign tonnage and addressing the country's services deficit.
We extend our gratitude to Westports Malaysia for their longstanding strategic partnership and to Affin Bank for their financial support since MTT Shipping's early days.
We also appreciate the continuous support of our customers, which has been crucial to MTT Shipping's growth.
Thank you to all guests who have graced our event and to everyone who made this event possible.
May the seas lie smooth before MTT Bintangor, and may you bring our captain and crew home safely after every voyage.
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