Tanco's Unit Appoints Hong Kong Firm To Operate Smart AI Container Port In Port Dickson

KUALA LUMPUR, Dec 26 (Bernama) -- Tanco Holdings Bhd’s 79 per cent-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), has appointed Hong Kong-based Ocean Bridge International Ports Management Co Ltd (OBIPM) as the operator of the smart artificial intelligence (AI) container port project in Port Dickson.

Tanco said in a filing with Bursa Malaysia today that OBIPM will operate and manage the port terminal and its related assets owned by MHSB, and carry out related business using advanced AI and automation technology, among other aspects.

OBIPM will further assist MHSB in optimising the terminal’s design and feasibility studies, equipment selection and configuration, production technology, regulatory frameworks, maintenance standards, personnel training and port commissioning.

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“OBIPM management team will be stationed at the terminal to operate the terminal through MHSB as the platform. 

“OBIPM shall assume overall responsibility for the operation, management, and oversight of all assets, business activities, and personnel at the terminal as covered within the scope of cooperation,” it said.

Tanco stated that OBIPM will manage the daily operations and rights of the relevant assets, while MHSB will retain ownership of the terminal assets along with any profits or losses from operations.

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“The rationale for the agreement is to form a strategic partnership with a qualified, experienced and reputable port operator that will support economic growth in Negeri Sembilan and expand the group’s business activities and revenue sources,” it said.

The company noted that the agreement will not have any effect on its share capital, substantial shareholders’ holdings, net assets, gearing or earnings for the financial year ending June 30, 2026.

-- BERNAMA