Kuantan Port Consortium Sdn. Bhd. (KPC), is jointly owned by IJM Corporation Berhad, a public listed company on Bursa Malaysia and Beibu Gulf Holding (Hong Kong) Co. Ltd. on a 60:40 equity holdings with the Government of Malaysia having a special rights share.
KPC is given the concession period of thirty (30) years since 1998 to manage, operate and develop Kuantan Port through a Privatisation Agreement. The said agreement was replaced with a new Privatisation Agreement to include the New Deep Water Terminal (NDWT) being developed adjacent to the port. The agreement commences on June 1, 2015, for a period of 30 years plus another 30 years subject to fulfilment of certain obligation by KPC to the Government.
Kuantan Port, an all-weather port operating all year round is a multi-cargo deep seaport facing the South China Sea. Strategically located on the eastern seaboard of Peninsular Malaysia and in the heartland of petrochemical industries, Kuantan Port has developed into a major container terminal for the east coast region. Supported with excellent port facilities and services, a vast market outreach and a strong network of global shipping connections, Kuantan Port will be a catalyst for the rapid expansion of the industrial and manufacturing activities in the East Coast Industrial Corridor. Upon completion of the NDWT, Kuantan Port is envisaged to be the main gateway to China and the Far East and shall act as a transhipment hub for minor ports in the region.
With the strong, dedicated and constant support of users, the maritime and industrial communities, Kuantan Port is well positioned to forge ahead and soar to greater heights of success in the coming years to achieve its vision as the premier maritime hub of Peninsular Malaysia.