Penang Port Invests RM37 Mln In Four Hybrid RTG Cranes To Enhance Efficiency, Sustainability
REGION - NORTHERN > NEWS
GEORGE TOWN, June 23 (Bernama) -- Penang Port Sdn Bhd has invested US$7.88 million (RM37 million) in acquiring four new hybrid rubber-tyred gantry (RTG) cranes from Mitsui E & S Co Ltd, Japan, to enhance operational efficiency and promote environmental sustainability.
In a statement today, Penang Port said the addition of these four new hybrid RTGs brings the total to 11 hybrid units as part of the 31-unit RTG fleet and this significant upgrade underscores its commitment to innovation.
Penang Port began its hybrid RTG journey with three units in 2019 before adding four more in 2020.
bootstrap slideshow
'Hybrid RTG cranes play a crucial role in modern port operations by efficiently loading and stacking intermodal containers with impressive accuracy. What sets these machines apart is their innovative use of both diesel and electric battery power.
'We anticipate a 50 per cent reduction in fuel consumption and emissions with the addition of these hybrid cranes, leading to significant cost savings compared to traditional diesel-powered RTGs,' the statement said.
Meanwhile, chief executive officer Datuk Sasedharan Vasudevan said the investment underscores Penang Port's commitment to enhancing operational efficiency while fostering a greener and more sustainable port environment.
'With these new RTGs, we will significantly improve our container handling capacity, optimise our operations, and most importantly, reduce our carbon footprint, paving the way for a healthier future.
'The arrival of four hybrid RTG cranes represents a significant advancement for Penang Port and the communities it serves,' he added.
In addition to the operational benefits, this initiative aligns closely with Penang Port's strong environmental, social, and governance (ESG) sustainability goals. It encompasses aspects of the port's operations, from minimising carbon footprint and improving waste management practices to optimising resource utilisation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
an hour ago
- Barnama
CPO Futures End Mostly Higher On Firmer Crude, Soybean Oil
Palm oil trader David Ng said the surge in prices was primarily driven by heightened geopolitical tensions in the Middle East. KUALA LUMPUR, June 23 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed marginally higher today, supported by firmer crude oil and soybean oil prices. 'We see support at RM4,050 per tonne and resistance at RM4,250,' he told Bernama. At the close, the spot-month July contract rose RM16 to RM4,087 per tonne, while August 2025 increased RM12 to RM4,119 per tonne and September 2025 added RM8 to RM4,126 per tonne. October 2025 and November 2025 each climbed RM10 to RM4,125 and RM4,128 per tonne, respectively, while December 2025 advanced RM15 to RM4,141 per tonne.
Barnama
an hour ago
- Barnama
Ringgit Rises Against US Dollar At The Close On Easing Tensions In Middle East
By Nurunnasihah Ahmad Rashid KUALA LUMPUR, June 24 (Bernama) -- The ringgit ended higher against the US dollar, buoyed by the apparent ceasefire in the Israel-Iran conflict, said an economist. At 6 pm, the local note rose to 4.2410/2465 versus the greenback from Monday's close of 4.2915/2980. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the de-escalation also led benchmark Brent crude oil prices to retreat to US$69.56 per barrel as risks to global oil supply appear contained for now. 'Financial markets are responding with a sense of relief, and risk appetite is gradually returning. 'Still, it's early days. Investors remain cautious amid lingering uncertainties — particularly with the US tariff pause set to expire in early July,' he told Bernama. On the domestic front, Mohd Afzanizam said Malaysia's latest consumer price index (CPI) reading of 1.2 per cent reinforces the view that monetary policy remains tight, with real interest rates rising further. 'In summary, market sentiment may stay guarded in the short term, while policymakers are likely to remain vigilant in balancing growth and stability,' he added. At the closing, the ringgit traded mostly lower against a basket of major currencies.
Barnama
an hour ago
- Barnama
Ringgit Closes Lower Against US Dollar Amid Mideast Uncertainty
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, June 23 (Bernama) -- The ringgit closed lower against the greenback on Monday as US involvement in the war between Israel and Iran spurred demand for safe haven assets like the American dollar, an analyst said. The United States bombed Iran's nuclear facilities on Sunday. At 6 pm, the local note slid to 4.2915/2980 versus the greenback from last Friday's close of 4.2505/2565. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the US Dollar Index (DXY) was 0.25 per cent higher at 98.958 points as heightened geopolitical risks in the Middle East have led to cautious sentiments among traders. He said Brent crude prices stayed elevated as the Iranian parliament approved a measure to close the Strait of Hormuz, which will disrupt oil supplies from the Middle East if the closure actually happens, but ultimately, the decision will come down to Iran's top leaders. At the time of writing, the Brent crude oil price rose 0.77 per cent to US$77.48 per barrel. "Immediately, traders and investors are observing the dynamics of the Israel-Iran standoff and whether it would escalate into a new trajectory," he told Bernama. At the close, the ringgit traded mostly lower against a basket of major currencies.
