DOCSLIB.ORG

Steering Growth

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Steering Growth BUILDING STRENGTH STEERING GROWTH Mapletree Logistics Trust Annual Report 2020/2021 CORPORATE PROFILE Mapletree Logistics Trust (“MLT”) is Singapore’s first Asia Pacific focused logistics real estate investment trust. Listed on the Singapore Exchange Securities Trading Limited in 2005, MLT invests in a diversified portfolio of quality, well-located income-producing logistics real estate in Singapore, Hong Kong SAR, China, Japan, South Korea, Australia, Malaysia, Vietnam and India. MLT is managed by Mapletree Logistics Trust Management Ltd. (the “Manager”), a wholly- owned subsidiary of Mapletree Investments Pte Ltd (the “Sponsor”). The Sponsor is a leading real estate development, investment, capital and property management company headquartered in Singapore. The Manager is committed to providing Unitholders with competitive total returns through the following strategies: a. optimising organic growth and hence, property yield from the existing portfolio; b. making yield accretive acquisitions of good quality logistics properties; and c. managing capital to maintain MLT’s strong balance sheet and provide financial flexibility for growth. Contents OVERVIEW GOVERNANCE Key Highlights 2 Investor Relations 121 Financial Highlights 4 Corporate Governance 123 Unit Price Performance 6 Risk Management 142 Value Creation 8 Year in Review 10 SUSTAINABILITY Message from the Chairman and CEO 12 Corporate Structure 16 Sustainability Report 146 Trust Structure 18 Organisation Structure 19 FINANCIAL & OTHER INFORMATION Board of Directors 20 Management Team 24 Report of the Trustee 174 Statement by the Manager 175 PERFORMANCE Independent Auditor’s Report to the Unitholders of Mapletree Logistics Trust 176 Financial Review 30 Statements of Profit or Loss 180 Capital Management 36 Statements of Comprehensive Income 181 Megatrends 40 Statements of Financial Position 182 Portfolio Analysis and Review 42 Distribution Statements 183 Operations Review 49 Consolidated Statement of Cash Flows 185 Property Portfolio 57 Statements of Movements in Independent Market Research 78 Unitholders’ Funds 188 Portfolio Statements 190 Notes to the Financial Statements 229 Statistics of Unitholdings 289 Interested Person Transactions 291 Corporate Directory 292 Accessibility of Annual Reports The Annual Report for FY20/21 is available for viewing and download on our website: www.mapletreelogisticstrust.com BUILDING STRENGTH STEERING GROWTH Amid unprecedented challenges posed by the pandemic, MLT delivered another year of growth and expansion. Leveraging our resilient portfolio and strong balance sheet, we adapted to the immense change while working alongside customers to support them in navigating the uncertainties. Through accretive acquisitions, we further strengthened our portfolio with enhanced diversification, quality and scale. As we continue to build on our strengths, we remain well-placed to capture growth opportunities and deliver sustainable value to our stakeholders. OUR VISION OUR MISSION To be the preferred real estate partner To provide Unitholders with of choice to customers requiring competitive total returns through high quality logistics and distribution regular distributions and growth in spaces in Asia Pacific. asset value. Overview Key Highlights ENHANCING PORTFOLIO Tianjin The pandemic Xi’an Seoul has highlighted Zhengzhou To k yo Osaka the importance of Chengdu Shanghai a diversified and Wuhan quality portfolio. Guangzhou Hong Kong SAR Pune Bac Ninh Binh Duong S$ B Kuala Lumpur 10.8 Singapore Assets Under Management +20.9% YoY M sqm Key Cities MLT is present in 6.5 Brisbane Silk Road Economic Belt Gross Floor Area +28.5% YoY Maritime Silk Road Initiative Sydney Sea Routes in Asia Pacific Southern Transport Corridor Melbourne % 97.5 Number of Properties Portfolio Occupancy 98.0% as at 31 March 2020 Singapore52 Hong Kong9 SAR 30China 18Japan South18 Korea Years 3.6 Australia12 Malaysia15 Vietnam7 India2 Weighted Average Lease Expiry (by Net Lettable Area) 4.3 years as at 31 March 2020 2 Mapletree Logistics Trust Annual Report 2020/2021 Overview DELIVERING RETURNS PRUDENT CAPITAL MANAGEMENT GROWING SUSTAINABLY Performance S$ M % S$ M 333.1 38.4 350 Governance Amount Distributable to Aggregate Leverage Green loan facilities Unitholders as at 31 March 2021 to finance green projects +10.4% YoY Sustainability ¢ Years % 8.326 3.8 2.0 Distribution Per Unit Average Debt Maturity Reduction in energy +2.3% YoY as at 31 March 2021 intensity in Singapore, Hong Kong SAR, Vietnam, China and Malaysia2 Financial S$ % % 1.33 75 22.9 Net Asset Value Per Unit Debt Hedged into Fixed Rates Increase in solar 3 +9.9% YoY as at 31 March 2021 generating capacity %1 % 27.4 79 6 Total Return Income Hedged for Corporate Social FY19/20: 13.8% Next Financial Year Responsibility projects across 8 geographic markets Notes: 1 Sum of distribution yield and capital appreciation for the period 31 March 2020 to 31 March 2021. 2 Based on the consumption data for the common areas in MLT’s multi-tenanted buildings where the Manager has operational control. Single-user assets where the Manager does not have operational control are excluded. 3 Includes generating capacity from Solar Power Purchase Agreement and tenant installations. Mapletree Logistics Trust Annual Report 2020/2021 3 Overview Financial Highlights Gross Revenue Net Property Income (S$M) YoY (S$M) YoY +14.3% +13.8% S$561.1M S$499.1M 20/21 561.1 20/21 499.1 19/20 490.8 19/20 438.5 18/19 454.3 18/19 389.5 17/18 395.2 17/18 333.8 16/17 373.1 16/17 312.2 Amount Distributable to Unitholders Distribution Per Unit (S$M) YoY (cents) YoY +10.4% +2.3% S$333.1M 8.326¢ 20/21 333.11 20/21 8.326 19/20 301.72 19/20 8.142 18/19 270.03 18/19 7.941 17/18 212.94 17/18 7.618 16/17 186.15 16/17 7.440 Assets Under Management Net Asset Value Per Unit (S$B) YoY (S$) YoY +20.9% +9.9% S$10.8B S$1.33 20/21 10.8 20/21 1.33 19/20 8.96 19/20 1.21 18/19 8.07 18/19 1.17 17/18 6.5 17/18 1.10 16/17 5.5 16/17 1.04 Notes: 1 Included the partial distribution of the gains from the divestments of MapletreeLog Integrated (Shanghai) (HKSAR) Limited and its wholly-owned subsidiary, MapletreeLog Integrated (Shanghai) Co., Ltd., which owns Mapletree Waigaoqiao Logistics Park (“Mapletree Integrated”), five divested properties in Japan (Gyoda Centre, Iwatsuki B Centre, Atsugi Centre, Iruma Centre and Mokurenji Centre) (collectively known as “five divested properties in Japan”) and 7 Tai Seng Drive amounting to S$18.9 million. 2 Included the full distribution of written back provision of capital gain tax for 134 Joo Seng Road, 20 Tampines Street 92 and 20 Old Toh Tuck Road and the partial distribution of the gains from the divestments of Mapletree Integrated, five divested properties in Japan, 531 Bukit Batok Street 23, 7 Tai Seng Drive and 4 Toh Tuck Link amounting to S$18.8 million. 3 Included the partial distribution of the gains from the divestments of 531 Bukit Batok Street 23, 7 Tai Seng Drive, 4 Toh Tuck Link, Zama Centre and Shiroishi Centre amounting to S$11.1 million. 4 Included the partial distribution of the gains from the divestments of 4 Toh Tuck Link, Zama Centre, Shiroishi Centre, 20 Old Toh Tuck Road and 20 Tampines Street 92 amounting to S$6.3 million. 5 Included the partial distribution of the gains from the divestments of 134 Joo Seng Road and 20 Tampines Street 92 amounting to S$5.0 million. 6 Included MLT’s 50% interest of the joint ventures with Mapletree Investments Pte Ltd in a portfolio of 15 properties in China. 7 Included MLT’s 50% interest of the joint ventures with Mapletree Investments Pte Ltd in a portfolio of 11 properties in China. 4 Mapletree Logistics Trust Annual Report 2020/2021 Overview Gross Revenue by Geography8 Assets Under Management by Geography (FY20/21) (As at 31 March 2021) Performance % % Singapore 33.5 Singapore 24.0 Hong Kong SAR 21.4 Hong Kong SAR 24.6 S$ M China 10.1 S$ B China 16.6 Governance 561.1 Japan 12.0 10.8 Japan 11.2 South Korea 5.9 South Korea 8.4 Australia 7.5 Australia 8.0 Malaysia 6.4 Malaysia 4.7 Vietnam 3.2 Vietnam 1.7 India 0.8 5-Year Financial Summary Sustainability FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 Statement of Financial Position Highlights (S$M) Total Assets 5,686.7 6,678.3 8,078.3 9,051.4 11,204.7 Total Borrowings 2,184.1 2,511.8 3,090.37 3,550.06 4,226.1 Perpetual Securities 595.7 429.99 429.9 430.0 429.9 Unitholders’ Funds 2,588.1 3,376.110 4,231.711 4,580.212 5,681.313 Market Capitalisation14 2,738.0 3,761.5 5,288.6 6,004.4 8,266.6 Financial Key Financial Indicators Aggregate Leverage (%) 38.5 37.7 37.77 39.36 38.4 Interest Cover Ratio (times)15 5.6 5.6 4.77 4.96 5.1 Average Cost of Debt (%) 2.3 2.3 2.67 2.66 2.2 Average Debt Maturity (years) 3.9 4.5 4.17 4.16 3.8 Notes: 8 The acquisition for the two logistics properties in Pune, India, was completed on 25 March 2021. No revenue was recognised for India in FY20/21. 9 This took into account the redemption of S$350.0 million 5.375% perpetual securities on 19 September 2017 and issuance of S$180.0 million 3.65% perpetual securities on 28 September 2017. 10 On 22 September 2017, 300,881,000 units in MLT were issued via private placement exercise which raised gross proceeds of S$353.5 million.
Load more

Recommended publications
  • Government Financial Statements for the Financial Year 2020/2021
    GOVERNMENT FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR 2020/2021 Cmd. 10 of 2021 ________________ Presented to Parliament by Command of The President of the Republic of Singapore. Ordered by Parliament to lie upon the Table: 28/07/2021 ________________ GOVERNMENT FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR by OW FOOK CHUEN 2020/2021 Accountant-General, Singapore Copyright © 2021, Accountant-General's Department Mr Lawrence Wong Minister for Finance Singapore In compliance with Regulation 28 of the Financial Regulations (Cap. 109, Rg 1, 1990 Revised Edition), I submit the attached Financial Statements required by section 18 of the Financial Procedure Act (Cap. 109, 2012 Revised Edition) for the financial year 2020/2021. OW FOOK CHUEN Accountant-General Singapore 22 June 2021 REPORT OF THE AUDITOR-GENERAL ON THE FINANCIAL STATEMENTS OF THE GOVERNMENT OF SINGAPORE Opinion The Financial Statements of the Government of Singapore for the financial year 2020/2021 set out on pages 1 to 278 have been examined and audited under my direction as required by section 8(1) of the Audit Act (Cap. 17, 1999 Revised Edition). In my opinion, the accompanying financial statements have been prepared, in all material respects, in accordance with Article 147(5) of the Constitution of the Republic of Singapore (1999 Revised Edition) and the Financial Procedure Act (Cap. 109, 2012 Revised Edition). As disclosed in the Explanatory Notes to the Statement of Budget Outturn, the Statement of Budget Outturn, which reports on the budgetary performance of the Government, includes a Net Investment Returns Contribution. This contribution is the amount of investment returns which the Government has taken in for spending, in accordance with the Constitution of the Republic of Singapore.
    [Show full text]
  • I-Park@Indahpura Brochure
    Malaysia’s Premium Industrial Park This is Where The Most Sustainable & Your Success is Shaped by Design, Well-managed Industrial Park not Chance ... WORLD CLASS INFRASTRUCTURE & AMENITIES Upgrading and expanding your business operations is now a breeze at i-Park@Indahpura. A fully Overall Development Land Area integrated industrial park catering to the ever-growing demand for quality industrial developments built to international standards. This state-of-the-art park is the ultimate location for industries that wish to expand and upgrade their operations. Fully Gated & Perimeter Fencing Natural High Speed Ample of Electric Guarded with 24-Hour with CCTV Gas Broadband & Water Supply acres Security Control Surveillance (Unifi) 230 Besides being the first holistically managed industrial park in Iskandar Malaysia, i-Park@Indahpura offers its tenants 24-hour security within a fenced compound, world-class infrastructures and industry-leading lush landscaping surrounding the compound. FREEHOLD The i-Park premier fully integrated industrial park development addresses all the sustainability and adaptability issues in such developments. The holistic park management includes strict security Worker’s Green Ready Built / Build with Option to Rent / Platinum Winner of procedures to ensure the safety of each and every tenant, employee and goods within the Dormitory Building Design & Built Fast Speed Outright development each day. Scheduled daily maintenance of the park’s landscape and cleanliness Delivery Purchase helps keep the vicinity pristine. Recognising
    [Show full text]
  • PORT of TANJUNG PELEPAS SETS WORLD RECORD to DEPART OVER 19,000 Teus VESSEL
    FOR IMMEDIATE RELEASE PORT OF TANJUNG PELEPAS SETS WORLD RECORD TO DEPART OVER 19,000 TEUs VESSEL 19 August 2018 –– Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), a member of MMC Group became the first port in the world to depart a vessel with a final load over 19,000 TEUs. The milestone was accomplished on 18 August 2018 when Mumbai Maersk, one of Maersk’s 2nd Generation Triple-E vessels left the port with the record load of 19,038 TEUs. The vessel, deployed on the Asia-to-Europe Service (AE5) arrived from Shanghai, China to PTP and is now en route to Port of Rotterdam, Netherlands. Efficient planning and execution of container operations and good optimization of resources were identified as the reasons behind the feat. PTP Chairman and MMC Group Managing Director, Dato’ Sri Che Khalib Mohamad Noh in his statement remarked that the latest achievement is testament to PTP’s commitment in providing best in class service for our customers. “As Malaysia’s leading ports & logistics operators, we take pride in our ability to anticipate and understand the needs of our customers as well as our agility to adapt to the changes of the industries that we operate in, in order for us to stay ahead.” “As such, we are very proud of this significant milestone as it is only made possible by the passion and commitment of our employees and all parties involved. PTP will build on our performance and deliver the service levels and productivity required to meet the demand of our customers and stakeholders.” Che Khalib added.
    [Show full text]
  • ANNEX a List of Outstanding Award Winners S/N Name of Award
    ANNEX A List of Outstanding Award Winners S/N Name of Award Winner Name of Company Category of submission ComfortDelGro 1 Ng Lay Peng Customer Service Engineering Pte Ltd ComfortDelGro 2 Lim Chuan Huat Automotive & Engineering Engineering Pte Ltd 3 Hok Swee Kwan ComfortDelGro Taxis Taxi Operations 4 Kok Teck Wee ComfortDelGro Taxis Taxi Operations Ng Ching Yiau 5 ComfortDelGro Taxis Taxi Operations (Huang Jinyao) 6 Seet Choo Tong ComfortDelGro Taxis Taxi Operations 7 Ang Siew Tee SMRT Corporation Ltd Customer Service Prakash Anand SMRT Automotive 8 Automotive & Engineering Mahalingam Services Pte Ltd SMRT Automotive 9 Melvin Lim Moo Shen Automotive & Engineering Services Pte Ltd SMRT Automotive 10 Sandy Chan Ai Khim Automotive & Engineering Services Pte Ltd 11 P.G. Oli Mohamed SMRT Trains Ltd Rail Operations Muhammad Noh Bin Abdul 12 SMRT Trains Ltd Rail Operations Sukor 13 S Nadarajan SMRT Trains Ltd Rail Operations 14 Mak Fook Ming SMRT Trains Ltd Rail Operations Go Ahead Singapore Pte. 15 Tay Yu Ying Customer Service Ltd. 16 Deng Ziliang SBS Transit Ltd Bus Operations 17 Sam Bin Ali SBS Transit Ltd Bus Operations 18 Hooi Chee Keong SBS Transit Ltd Bus Operations 19 Lee Hong Khia SBS Transit Ltd Rail Operations 20 Mohamed Bin Osman SBS Transit DTL Pte Ltd Rail Operations Tower Transit Singapore 21 Goh Meow Eng Bus Operations Pte Ltd Tower Transit Singapore 22 Kamsani Bin Minhat Bus Operations Pte Ltd 23 Siti Nur Azimah Binte Edris Transit Link Pte Ltd Customer Service 24 Kartina Bte Mohamed Transit Link Pte Ltd Customer Service 25 Siti Maisarah Bte Basri Transit Link Pte Ltd Customer Service .
    [Show full text]
  • Proposed Acquisition of 160A Gul Circle
    (Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) PROPOSED ACQUISITION OF 160A GUL CIRCLE 1. INTRODUCTION Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial Trust (“CIT”, and the manager of CIT, the “Manager”), is pleased to announce that RBC Investor Services Trust Singapore Limited, in its capacity as trustee of CIT (the “Trustee”) has on 17 February 2015 entered into a sale and purchase agreement (“SPA”) with Unicable Pte Ltd (the “Vendor”) in connection with the proposed acquisition (the “Acquisition”) of 160A Gul Circle Singapore 629635 (the “Property”) for a purchase consideration of S$16.2 million (the “Consideration”). Based on the relative figures calculated on the bases set out in Rule 1006 of the Listing Manual of Singapore Exchange Securities Trading Limited (the “Listing Manual”), the Acquisition is a non-discloseable transaction for the purposes of Chapter 10 of the Listing Manual. 2. DETAILS OF THE ACQUISITION The Property comprises an existing single-storey factory and a newly completed four-storey factory with ancillary office located within the mature and established industrial precinct of Jurong. The property is accessible via the Pan Island Expressway, Ayer Rajah Expressway, Joo Koon MRT station and the upcoming Tuas West Extension MRT line which is scheduled to complete in 2016. The Property has a gross floor area of approximately 7,997 square metres and a remaining land tenure of approximately 26 years. Subject to completion of the
    [Show full text]
  • Land Use Change Research Projects in Malaysia
    Land Use Change Research Projects in Malaysia Mastura Mahmud Earth Observation Centre Universiti Kebangsaan Malaysia NASA-LCLUC Science Team Joint Meeting with MAIRS, GOFC-GOLD and SEA START Programs on Land-Cover/Land-Use Change Processes in Monsoon Asia Region, January 12-17, 2009 in Khon Kaen, Thailand Outline of presentation • Large Development Regions • Landslide Issues • Biomass Burning and Impacts South Johor Development Area • Iskandar Malaysia covers 221,634.1 hectares (2,216.3 km²) of land area within the southern most part of Johor. • The development region encompasses an area about 3 times the size of Singapore. • Iskandar Malaysia covers the entire district of Johor Bahru (including the island within the district), Mukim Jeram Batu, Mukim Sungai Karang, Mukim Serkat, and Kukup Island in Mukim Ayer Masin, all within the district of Pontian. • Five Flagship Zones are proposed as key focal points for developments in the Iskandar Malaysia. Four of the focal points will be located in the Nusajaya-Johor Bahru-Pasir Gudang corridor (Special Economic Corridor -(SEC)). The flagship zones would strengthen further existing economic clusters as well as to diversify and develop targeted growth factors. • Flagship Zone A – Johor Bahru City Centre(New financial district , Central business district , Danga Bay integrated waterfront city , Tebrau Plentong mixed development , Causeway (Malaysia/Singapore) • Flagship Zone B - Nusajaya (Johor state administrative centre , Medical hub , Educity , International destination resort , Southern Industrial logistic cluster ) • Flagship Zone C - Western Gate Development (Port of Tanjung Pelepas , 2nd Link (Malaysia/Singapore) , Free Trade Zone , RAMSAR World Heritage Park , Tanjung Piai ) • Flagship Zone D - Eastern Gate Development ( Pasir Gudang Port and industrial zone , Tanjung Langsat Port , Tanjung Langsat Technology Park, Kim-Kim regional distribution centre ).
    [Show full text]
  • Commuters @ Heart of Singapore’S Public Transport System
    COMMUTERS @ HEART OF SINGAPORE’S PUBLIC TRANSPORT SYSTEM REPORT TO THE MINISTER FOR TRANSPORT ON RECOMMENDATIONS TO IMPROVE THE COMMUTER’S JOURNEY PUBLIC TRANSPORT COUNCIL Better Rides • Affordable Fares • Sustainable Public Transport All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher. Every effort has been made to trace all sources and copyright holders of news articles, figures, and information in this report before publication. If any have been inadvertently overlooked, PTC will ensure that full credit is given at the earliest opportunity. Report to the Minister for Transport on Recommendations to Improve the Commuter’s Journey 3 CONTENTS Chairman’s Message 04 Introduction: Focusing on Commuters 06 Ground Engagement: Listening to Commuters and Stakeholders 10 Findings: Understanding Diverse Voices 14 Recommendations: Improving the Commuter’s Journey 22 Conclusion: Continuing the Engagement 40 4 Report to the Minister for Transport on Recommendations to Improve the Commuter’s Journey CHAIRMAN’S MESSAGE About six months ago, on 8 January 2016, the Public our buses and 1 million on taxis. PTC had to understand Transport Council (PTC) was given an additional statutory the commuters’ suite of concerns and needs. remit - that of an independent advisor to the Minister for Transport. PTC by design has a broad and diverse Between December 2015 and June 2016, we engaged representation from society, which includes academia, and listened to our commuters - comprising a wide labour union, industry and the people sector.
    [Show full text]
  • Construction Project Listing* (Last Updated on 20/12/2013) *Project Details Provided May Subject to Subsequent Changes by Owner/Developer
    Construction Project Listing* (Last Updated on 20/12/2013) *Project details provided may subject to subsequent changes by owner/developer. Note: Words highlighted in blue refer to the latest updates for projects published before. Owner/Developer Estimated Site Area Gross Floor Development Description Of Project Date Of Date of Source Consultant Contractor Construction (sq m) Area Type Commencement Completion Cost ($million) (sq m) Redevelopment into a 6 Storey Shopping Mall Raffles Medical Group Ltd - 5,827 - Institutional with 2 levels of Basement Carpark at 100 Taman - - ST 17/12/13 - - Warna BT 11/12/13 Grow-Tech Properties Pte Industrial development at Gambas Crescent & URA tender Ltd (Part of Far East - 14,302 - Industrial -- -- (Parcel 3) result Organization) 13/12/13 Addition of a 5 Storey Building to United World Kim Seng Heng United World College BLT Architecture & 42.5 - - Institutional College South East Asia (UWCSEA) campus at Dec-2013 Aug-2015 BT 13/12/13 Engineering South East Asia (UWCSEA) Design Dover Road Construction Pte Ltd Erection of an LPG Terminal to import alternative Vopak Terminals Singapore BT/ST - - - Industrial Liquefied Petroleum Gas feedstock at Banyan - 1Q 2016 -- Pte Ltd 11/12/13 Terminal in Jurong Island BT/ST Residential development comprising 281 units 16/11/12 & World Class Developments with 24 hour concierge service and 18 commercial 11/12/13 & (North) Pte Ltd [Subsidiary - 10,170 - Residential -- -- units at Jalan Jurong Kechil URA tender of Aspial Corporation] (The Hillford) result 22/11/12 Page 1 Construction Project Listing* (Last Updated on 20/12/2013) *Project details provided may subject to subsequent changes by owner/developer.
    [Show full text]
  • The Classification of Seaport-Hinterland in Johor Port and Port of Tanjung Pelepas
    The Classification of Seaport-Hinterland In Johor Port and Port of Tanjung Pelepas Ardilla Anang1*, Jagan Jeevan2 School of Maritime Business and Management, Universiti Malaysia Terengganu, Malaysia *Corresponding Author: [email protected] Abstract Hinterlands or lands located at the rear of ports play important role to support seaport activities by delivering cargo to and from seaports, cargo distribution and also attracting the import cargo from the seaport. In Malaysia, there are two major seaports in southern region peninsular Malaysia including Johor Port and Port of Tanjung Pelepas (PTP). These two major seaports are closely located with each other. This shows that probability of these seaports to cater same client is very high and may cause overlapping on hinterland area. This overlapping between these two seaports causes waste of resources, traffic congestions which subsequently reducing the competitiveness of seaports. Hence, this research has been conducted to clearly identify the importance of hinterland in southern region peninsular Malaysia and to clarify related elements to distinguish types of hinterlands in Johor region. In order to achieve these objectives, exploratory factor analysis (EFA) has be employed to evaluate the dimensionality of hinterland in Malaysian seaport especially in southern region. Availability of hinterland, prices of hinterland and management of hinterland have become key factors for seaports in this region to choose their respective hinterland for effective and efficient freight transportation operation. Moreover, this paper also has proposed a new dimension of hinterland in southern region which including short-range hinterland and far hinterland. The outcome of this paper is important to educate the seaports about their hinterland typology user as well as the respective hinterland operator in order to improve the client satisfactions in the respective region.
    [Show full text]
  • Annual Report
    Annual Report 2019 – 2020 We acknowledge the Traditional Owners and Custodians of country throughout Australia and their continuing connection to the land, water and community. We pay our Respect to Aboriginal and Torres Strait Island Cultures and Elders past, present and emerging. Cover: Sydney, New South Wales This page: Palm Island, Queensland At SeaLink we are dedicated to connecting people, linking communities, sharing experiences, and creating brilliant memories. SeaLink Travel Group 2 Key Results 22 Five Year Financial Highlights 3 Directors’ Report 23 Our Global Operations 4 Financial Report 28 Our Australian Operations 6 Auditor’s Report 75 Community and Sustainability 8 Auditor’s Independence Declaration 81 Chair Report 10 Remuneration Report 82 Review of Operations 12 ASX Additional Information 92 Revenue History 20 Corporate Governance 94 Adelaide, South Australia SEALINK TRAVEL GROUP SeaLink provides innovative SeaLink Travel Group is Australia’s and London underway, an electric bus largest land and marine tourism and trial currently operating in NSW, on and efficient transport public transport service provider with demand services in Sydney, and is part established international operations. of the world’s first hydrogen consortium, the H2OzBus Project. As well as solutions that link people and It is one of Australia’s most experienced operating an eco-tourism resort on and diverse multi-modal transport communities with places and the world heritage listed, Fraser Island businesses, boasting performance-driven and eco experiences
    [Show full text]
  • Warmest Greetings from Eco Botanic
    Welcome to Warmest greetings from Eco Botanic. We are delighted to update you with an overview of Iskandar Puteri. So many exciting things are taking place within this zone — education, healthcare, entertainment, tourism including government administration. Of course, as an Eco Botanic resident, you and your family enjoy easy access to these world-class amenities, opportunities and more. So much has been accomplished in Eco Botanic. The Verandah Collection has been completed and handed over on schedule. The shop-offices in Eco Boulevard will be handed over and we look forward to many retailers and established brands opening for business there soon. The clubhouse, The Aristo, is also ready for our residents exclusively. In the meantime, if you need any assistance in moving into your new premises or are looking for suitable tenants, please contact us at +607 571 5252. There is so much more to look forward to in Eco Botanic and Iskandar Puteri. Thank you. The Aristo, Eco Botanic’s Clubhouse ISKANDAR PUTERI: WHERE ISKANDAR MALAYSIA’S ECONOMIC DRIVERS RESIDE The Malaysian and Singaporean real estate markets are poised to rise in the near future. The good years are set to return after some years of lows, due to the cyclical nature of the real estate market. Back in 2012, the Iskandar Malaysia property market was all the rage for several reasons, namely the rapid development of the education, healthcare, leisure and entertainment, government and industrial and transportation sectors. Today, Iskandar Puteri (the former Nusajaya zone) is where so many economic drivers are based. So, let’s catch up on where they are today.
    [Show full text]
  • Port of Tanjung Pelepas Records 8% Growth After Registering 9.8 Million Teus Throughput in 2020
    FOR IMMEDIATE RELEASE PORT OF TANJUNG PELEPAS RECORDS 8% GROWTH AFTER REGISTERING 9.8 MILLION TEUS THROUGHPUT IN 2020 25 JANUARY 2021, Gelang Patah –– Port of Tanjung Pelepas (PTP), a joint venture between Malaysian based MMC Group and Hague based APM Terminals registered a strong terminal growth after accomplishing record-breaking 9.8 million TEUs (Twenty Equivalent Units) total throughput in 2020 despite global economic uncertainties and health pandemic. The record represents an increase of more than 8% growth at the back of 9.1 million TEUs recorded in 2019. Dato’ Sri Che Khalib Mohamad Noh, PTP Chairman remarks that in spite of global health crisis and economic uncertainties, PTP continues to further strengthen its position as one of the main transhipment hubs in the region and deliver the best value and services to its customers and all stakeholders. “Last year, PTP invested more than RM700 million in an effort to improve its container handling capacity, capability and reliability by procuring additional 8 Super Post Panamax Quay Cranes, 10 Electrified Rubber Tyred Gantries (ERTG) and the dredging of our navigation channel to ensure new generation of Ultra Large Container Vessels (ULCV) ships can safely navigate to our port. By investing in our assets, we are further establishing our terminal as one of the best equipped and most technologically advanced terminals in the region and will ensure that PTP can keep up with the rapid changes in the port and shipping industry and subsequently meet the growing demand of our customers” he added. Page 1 of 4 Marco Neelsen, Chief Executive Officer explains that the trajectory growth derives at the back of the surge in extra transhipment calls volume receives by the port due to the increase demand in Asia and Europe as well as requests from customers to increase their throughput in PTP.
    [Show full text]