GEORGE TOWN (Jan 12): The government wants Penang Port to go beyond being merely a transshipment port, and instead develop its role as the main homeport in the northern region in line with efforts to strengthen the nation’s maritime ecosystem. Loke said Penang Port plays a strategic role as a key gateway for trade activities, cargo movement, and support for the manufacturing and logistics sectors in the northern region. “Thus, Penang Port will continue to receive attention and undergo development to strengthen its role as the gateway for the northern region. The minister added that Penang Port’s current capacity stands at 2.3 million TEUs and is expected to increase to 6.8 million TEUs after expansion. The expansion plan spans 30 years until 2053, with 6.8 million TEUs set as the ultimate target capacity, he added.

Source: The Edge Markets January 12, 2026 13:38 UTC