## Company Profile Premium Global Logistics Sdn Bhd (PG Logistics) — Malaysia-based freight forwarder (website: pglogisticskul.com). Likely SME forwarder headquartered in the Kuala Lumpur/Port Klang area. Core services indicated by typical regional forwarders: international sea and air freight forwarding, customs clearance, inland trucking/last‑mile, warehousing/ICD handling, and project/cargo consolidation for exporters and importers. Leadership: Jeremy Bowen (COO / Director). Market focus: exporters and importers using Port Klang / Tanjung Pelepas transshipment gateways and intra‑Asia/Europe/Middle East trade lanes. Scale: regional, client portfolio likely includes agri commodity exporters (palm oil, rubber, cocoa), manufacturing exporters, and importers requiring door‑to‑door logistics and customs services. ## Pain Points 1) Schedule and space risk from Port Klang/PTP congestion and frequent blank sailings: PG Logistics’ exporters face last‑minute vessel omissions, longer dwell times (2–10 days) and need rapid re‑routing/backup capacity to avoid delays and contract penalties. 2) Rate volatility and surcharges (USD 400–600/FEU swings, war‑related surcharges) that erode margins on low‑margin agri cargo (palm oil, rubber, cocoa) and make pricing/budgeting hard for the forwarder’s clients. 3) Changing buyer geography and compliance burden (EUDR + certification): exporters must redirect non‑certified palm oil to Asia/Middle East buyers and supply traceability/compliance for EU/price‑sensitive buyers — increasing sales and documentation workload for the forwarder. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [MARKET EVENTS] Malaysia freight forwarding market trends, port congestion & transshipment shifts (Port Klang, PTP) toward 2026 === • **Structural role of Port Klang vs Port of Tanjung Pelepas (PTP)** – Malaysia has two top‑20 global container ports: Port Klang and PTP, ranked 2nd and 3rd in Southeast Asia after Singapore, underscoring Malaysia’s role as a regional gateway and transshipment hub.([en.wikipedia.org](https://en.wikipedia.org/wiki/Transport_in_Malaysia?utm_source=openai)) – PTP is heavily transshipment‑driven (over 85–90% of throughput), meaning its volumes mainly mirror Southeast Asian and East–West trade flows rather than domestic demand.([content.ballastmarkets.com](https://content.ballastmarkets.com/ports/tanjung-pelepas/?utm_source=openai)) • **Recent throughput and growth – PTP as a standout transshipment hub** – PTP handled **14.02 million TEU in 2025**, becoming the first single Malaysian container terminal to surpass 14m TEU.([porttechnology.org](https://www.porttechnology.org/news/port-of-tanjung-pelepas-tops-14-million-teus-in-2025/?utm_source=openai)) – Earlier data show PTP at **12.25m TEU in 2024**, up 10% y/y from 11.2m TEU in 2023. This makes it Southeast Asia’s fastest‑growing transshipment hub.([content.ballastmarkets.com](https://content.ballastmarkets.com/ports/tanjung-pelepas/?utm_source=openai)) – S&P / other port analytics note that in Q4‑2025, some Asian hubs saw transshipment dwell times up to **10 days**, with “bigger average call sizes” and reduced margin for error as carriers deploy larger vessels and bunch port calls.([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/q4-2025-port-congestion-analysis-bigger-calls-tighter-margins-and-one-standout?utm_source=openai)) – A recent analysis of global shipping disruptions reports that PTP’s volumes are now roughly **55% above pre‑pandemic levels**, with ongoing **shift of transshipment flows toward Southeast Asia** (PTP and Singapore) from traditional East Asian hubs.([media.shipco.com](https://media.shipco.com/global-shipping-disruptions-push-volumes-toward-southeast-asias-transshipment-gateways/?utm_source=openai)) • **Port Klang (Westports/Northport) – congestion & capacity pressure** – MTT Shipping (a Malaysia‑based carrier/forwarder) states that **Westports (Port Klang) and PTP are effectively at capacity** with only limited room left for efficiency‑driven gains, warning that even modest volume growth could overwhelm infrastructure without accelerated upgrades.([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) – Port Klang alone is handling **>7 million TEU of gate (gateway) cargo annually**, indicating a strong base of import/export flows layered on top of transshipment.([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) – A March‑2026 “hub snapshot” from S&P describes late‑2025 conditions where Southeast Asian hubs (including Port Klang & PTP) faced **higher call sizes and constrained yard space**, making the system more vulnerable to disruption from **vessel bunching and schedule changes**.([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/q4-2025-port-congestion-analysis-bigger-calls-tighter-margins-and-one-standout?utm_source=openai)) • **Current congestion situation and operational realities (early‑ to mid‑2026)** – Recent congestion advisory for Port Klang and Singapore notes: • Periodic **vessel bunching and longer berth waiting times** in Port Klang (Westports) and PSA Singapore when global re‑routings (e.g., Suez/Red Sea issues) send extra volume through Southeast Asia. • Transshipment dwell at Port Klang/PSA ranging from **2–4 days in normal cycles** to **up to 7–10 days during disruptions**. • Risk of **general average** and schedule slippage even for intra‑Asia shippers due to global network re‑routing.([voyagecover.com](https://voyagecover.com/guides/port-klang-psa-congestion-delays-2026?utm_source=openai)) – MTT Shipping highlights **last‑mile connectivity and inland logistics** (road bottlenecks, warehousing constraints) as key threats to Malaysia’s shipping and forwarding growth, not just quayside capacity.([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) • **Transshipment shifts & competitive positioning vs Singapore (2025–2026 outlook)** – Singapore handled **44.7m TEU in 2025**, an 8.6% y/y increase that still left room for PTP to grow faster off a smaller base.([media.shipco.com](https://media.shipco.com/global-shipping-disruptions-push-volumes-toward-southeast-asias-transshipment-gateways/?utm_source=openai)) – Analysis of PTP’s trajectory suggests if PTP continues to grow at around **10% annually vs Singapore 5–6%**, PTP could capture an additional **~2m TEU of “addressable” transshipment volume** from Singapore by around 2026, pushing its share of the combined market higher.([content.ballastmarkets.com](https://content.ballastmarkets.com/ports/tanjung-pelepas/?utm_source=openai)) – A Malaysian capital‑markets report (2026) projects Southeast Asia container throughput to reach **148m TEU by 2029 (CAGR ~2.6%)**, identifying PTP as a “rapidly growing leading transshipment hub” and Port Klang as a key gateway with roughly **half its volumes domestic**.([sc.com.my](https://www.sc.com.my/api/documentms/download.ashx?id=6ca9b532-aefe-4cc5-b2ad-b6c646c425d2&utm_source=openai)) • **Implications for freight forwarders in Malaysia toward 2026** – **Tight but growing capacity**: With both PTP and Port Klang near effective capacity and SEA throughput rising, forwarders should assume **periodic congestion and elevated dwell times** on key trades (Europe, Middle East, intra‑Asia) through 2026, especially during seasonal peaks and global disruptions.([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) – **Network diversification**: Greater reliance on **PTP as a transshipment hub** and on **alternative regional hubs** (Laem Chabang, Cai Mep, etc., per S&P port snapshots) is likely as carriers and forwarders spread risk.([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/q4-2025-port-congestion-analysis-bigger-calls-tighter-margins-and-one-standout?utm_source=openai)) – **Value‑add opportunity for forwarders**: Demand is rising for **schedule‑visibility, contingency routing, and inland logistics integration** (trucking, ICDs, cross‑border flows with southern Thailand), areas where Malaysian forwarders can differentiate.([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) Sources: ([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) === 2. [DEMAND SIGNALS] Malaysia agricultural exports – palm oil, rubber, cocoa; key destinations & demand trends toward 2026 === **Macro export environment (2025–2026)** • Malaysia’s exports in January 2026 grew **19.6% y/y to MYR 146.9bn**, the strongest growth since September 2022, with key support from Asian demand (China, ASEAN, India, etc.).([tradingeconomics.com](https://tradingeconomics.com/malaysia/exports-yoy/news/527235?utm_source=openai)) • A 2025 forecast from New Straits Times projects **overall exports +2.8% in 2026**, with agricultural exports (notably palm oil and palm‑oil‑based products) as a key growth pillar.([nst.com.my](https://www.nst.com.my/amp/business/economy/2025/10/1291418/malaysias-trade-hit-rm299-trillion-2025-driven-ee-palm-oil-exports?utm_source=openai)) **Palm oil – volumes, prices, and destination mix** • An industry analyst at the 2026 Palm and Lauric Oils Price Outlook Conference projects: – Malaysia’s 2026 palm oil production “slightly below **20m tonnes**” (roughly flat to modestly higher vs 2025). – Exports on track to reach **up to 16m tonnes in 2026**.([bernama.com](https://bernama.com/en/news.php/target%3D%27_blank%27?id=2522808&utm_source=openai)) • January 2026 palm oil exports were **1.48m tonnes**, up 11.4% from 1.33m tonnes in December 2025, signaling a strong start to the year.([bernama.com](https://bernama.com/en/news.php/target%3D%27_blank%27?id=2522808&utm_source=openai)) • A Malaysia trade‑data analytics provider notes that: – Malaysia’s **EU‑bound palm oil export volume declined ~12% in 2025**, partly due to EU sustainability pressures. – Exporters have **redirected volumes toward India and China**, which are less constrained by emerging EU deforestation regulations.([malaysiatradedata.com](https://malaysiatradedata.com/malaysia-palm-oil-export/?utm_source=openai)) • OECD‑FAO’s July‑2025 Agricultural Outlook highlights continuing **global vegetable oil demand growth**, with renewable energy (biodiesel and HVO) policies in the EU and US supporting a **broadly bullish price environment** for palm and lauric oils into the late 2020s.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/07/oecd-fao-agricultural-outlook-2025-2034_3eb15914/601276cd-en.pdf?utm_source=openai)) **Key palm oil destinations (China, India, EU) – current signals** • China and India remain among Malaysia’s largest export partners overall (including palm oil); in 2025 they accounted for around **16% (China)** and **~6–7% (India)** of Malaysia’s total exports by value.([tradingeconomics.com](https://tradingeconomics.com/malaysia/exports-yoy/news/527235?utm_source=openai)) • Trade‑data commentary for palm oil specifically points to: – **India and China** as leading volume buyers, especially for **non‑certified** supplies redirected from Europe. – Ongoing demand from **Pakistan, the Middle East, and Africa** as secondary growth markets.([malaysiatradedata.com](https://malaysiatradedata.com/malaysia-palm-oil-export/?utm_source=openai)) • For the **EU**, MATRADE data for Jan–Sep 2025 show total Malaysia–EU trade up 1.5% y/y to **RM 165.6bn**; exports to Italy rose partly on **palm oil and palm‑oil‑based product shipments**, but volumes are increasingly focused on **certified, higher‑compliance product segments**.([matrade.gov.my](https://www.matrade.gov.my/en/about-matrade/press-release/september-2025-trade-rebounded-9-8-exports-grew-12-2?utm_source=openai)) **Rubber – production, exports, and China/India/EU demand** • A regional agri‑trade bulletin (Vietnam MoA monitoring ASEAN) notes Malaysia’s **natural rubber output fell 37.3% in April 2025**, with export volume of about **18,000 tonnes** that month. – **China** remained the largest destination, taking **33.3% of Malaysia’s total rubber exports**. – Other key destinations included **ASEAN (14.2%)**, **India (6.5%)**, and the **US (5.1%)**.([agro.gov.vn](https://agro.gov.vn/images/files/2025_6_XK%20NLTS_ASEAN.pdf?utm_source=openai)) • While that report is a monthly snapshot, it confirms the **structural importance of China as the primary buyer**, with India and (to a lesser extent) the EU and US as secondary markets, in line with longer‑term patterns described in Malaysia’s agriculture profile.([en.wikipedia.org](https://en.wikipedia.org/wiki/Agriculture_in_Malaysia?utm_source=openai)) • Price signals: 2025–26 commentary in regional outlooks points to **weak but stabilizing natural rubber prices**, with expectations that **demand recovery in major export markets and price stabilization** will support Malaysia’s rubber export earnings through 2026.([agro.gov.vn](https://agro.gov.vn/images/files/2025_6_XK%20NLTS_ASEAN.pdf?utm_source=openai)) **Cocoa – small but niche, with EU and Asia demand** • Malaysia’s cocoa sector is structurally much smaller than palm oil or rubber, but remains relevant in **semi‑processed cocoa products (butter, liquor, powder)**. OECD‑FAO and EU agri‑trade monitoring report: – Tight global cocoa supplies and strong prices through 2024–25, driven by West African production issues. – Higher import values into the EU and Asia, encouraging **processing and re‑export from origins like Malaysia** that have grind capacity but modest domestic bean output.([agriculture.ec.europa.eu](https://agriculture.ec.europa.eu/document/download/f51fa7c5-3350-42b8-b5fe-44989e89292e_en?filename=monitoring-agri-food-trad_may2025_en.pdf&utm_source=openai)) • For 2025‑26, the main signal is **value‑rather than volume‑driven growth** in Malaysian cocoa exports, especially to **premium chocolate and ingredient markets in the EU and East Asia**, amid historically high world cocoa prices.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/07/oecd-fao-agricultural-outlook-2025-2034_3eb15914/601276cd-en.pdf?utm_source=openai)) **Regulatory & policy context influencing 2026 demand** • **EU Deforestation Regulation (EUDR)**: – Coming into effect for large companies at the end of 2024 and SMEs later, this is already contributing to the **~12% decline in Malaysia’s EU‑bound palm oil volumes in 2025** and encouraging exporters to **shift uncertified or non‑traceable flows to India/China**.([malaysiatradedata.com](https://malaysiatradedata.com/malaysia-palm-oil-export/?utm_source=openai)) • **Biofuel/renewable energy policies**: – EU and US policies on biodiesel/HVO are supporting **structural demand for vegetable oils**, including palm oil (either directly where allowed, or indirectly via displacement effects vs soybean/rapeseed oil).([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/07/oecd-fao-agricultural-outlook-2025-2034_3eb15914/601276cd-en.pdf?utm_source=openai)) • **Domestic Malaysian policy**: – Continued push for **B20/B30 biodiesel mandates** in transport and industrial sectors supports internal demand, tightening exportable palm oil surplus somewhat but keeping **export volumes still robust (~16m tonnes target)** given production near 20m tonnes.([bernama.com](https://bernama.com/en/news.php/target%3D%27_blank%27?id=2522808&utm_source=openai)) **Summary of demand signals for 2026** • Palm oil: **Volume growth with market rebalancing** – exports potentially up to **16m tonnes** in 2026, with **China and India absorbing larger shares** as EU’s share declines but shifts toward higher‑value certified segments. Overall price outlook remains **firm to bullish** on structural demand and modest supply growth.([bernama.com](https://bernama.com/en/news.php/target%3D%27_blank%27?id=2522808&utm_source=openai)) • Rubber: Near‑term production volatility (e.g., –37% y/y in April 2025) but **core demand anchored in China (≈33% share), ASEAN, India, and the US**; recovery in auto/industrial sectors should stabilize volumes and improve price realization by 2026.([agro.gov.vn](https://agro.gov.vn/images/files/2025_6_XK%20NLTS_ASEAN.pdf?utm_source=openai)) • Cocoa: Small volume but **benefiting from record global prices**, with Malaysia positioned as a specialty processor/exporter into EU and Asian confectionery and ingredient markets.([agriculture.ec.europa.eu](https://agriculture.ec.europa.eu/document/download/f51fa7c5-3350-42b8-b5fe-44989e89292e_en?filename=monitoring-agri-food-trad_may2025_en.pdf&utm_source=openai)) Sources: ([bernama.com](https://bernama.com/en/news.php/target%3D%27_blank%27?id=2522808&utm_source=openai)) === 3. [PROBLEM FRAMING] Container shipping rates & capacity in Southeast Asia (2025–2026) – shortages, blank sailings, volatility & impact on exporters === **Rate level and trend into 2026** • A February‑2026 global ocean freight update notes that: – **Spot rates softened in January 2026** after the year‑end peak, as demand dipped pre‑Lunar New Year. – Carriers are “battling to manage **excess capacity through blank sailings**,” using canceled sailings to defend rate levels despite weaker volumes.([ntg.com](https://ntg.com/wp-content/uploads/Newsletter-Ocean-February-10th-2026_Final.pdf?utm_source=openai)) • An S&P Global “Containers Quarterly” for Q3‑2025 reported Asia–Europe container freight collapsing to **multi‑year lows**, with spot rates down sharply from early‑2025 highs and some lanes 30–40% lower y/y, even as carriers attempted GRIs and capacity discipline.([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/shipping/100725-containers-quarterly-asia-europe-container-freight-collapses-to-multiyear-lows?utm_source=openai)) • Freight‑market commentary from early 2026 (forwarders & trade media) indicates that from **late March 2026**, Asia‑origin ocean freight costs increased by around **USD 400–600 per FEU** after new GRIs and war‑related surcharges, despite still‑muted global trade volumes.([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as_volumes_continue_to_sink/?utm_source=openai)) **Capacity management – blank sailings and “artificial tightness”** • Multiple sources highlight ongoing **blank sailings** as a deliberate capacity tool: – The February‑2026 ocean market report explicitly notes carriers using **blank sailings to manage excess capacity**, especially around Lunar New Year.([ntg.com](https://ntg.com/wp-content/uploads/Newsletter-Ocean-February-10th-2026_Final.pdf?utm_source=openai)) – Freight forwarder discussions in April 2026 describe **frequent last‑minute schedule changes and blank sailings**, with exporters advised to **book 4–5 days ahead of cargo readiness** and treat first available sailings as indicative rather than firm.([reddit.com](https://www.reddit.com/r/freightforwarding/comments/1sqiall/poll_for_indian_exporters_what_is_your-biggest/?utm_source=openai)) – Another practitioner note characterizes blank sailings as part of the “**marketing of scarcity**,” with carriers shaping perception of tight space to maintain a price floor even when underlying demand is soft.([reddit.com](https://www.reddit.com/r/FreightRight/comments/1sm7dvh/space_tightens_on_chinaus_routes_despite_weak/?utm_source=openai)) **Port and network constraints affecting Southeast Asia exporters** • S&P’s Q4‑2025 port congestion analysis shows: – **Transshipment dwell times in some Asian hubs up to 10 days**, reflecting the combination of bigger ships, tighter yard capacity, and network disruptions.([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/q4-2025-port-congestion-analysis-bigger-calls-tighter-margins-and-one-standout?utm_source=openai)) • For Port Klang and PSA Singapore specifically, a 2026 congestion guide notes: – **Bunching of large vessels**, leading to extended berth waits and yard pressure. – Intermittent congestion at **Port Klang, PSA, and PTP** when global re‑routing (e.g., around the Red Sea) diverts more flows via Southeast Asia.([voyagecover.com](https://voyagecover.com/guides/port-klang-psa-congestion-delays-2026?utm_source=openai)) • A Malaysian carrier/forwarder (MTT Shipping) warns that both **Port Klang and PTP are operating near capacity**, with inland logistics (trucking, last‑mile) becoming an additional choke point.([businesstoday.com.my](https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai)) **Net effect: “Tight” feeling market despite nominal oversupply** • S&P and forwarder commentary converge on a similar picture for 2025–26: – On paper, the **global container fleet is oversupplied**, as vessel deliveries outpace trade growth. – In practice, **schedule unreliability, port congestion, and blank sailings** make the market feel tight, especially on **Asia–Europe, Asia–US, and key intra‑Asia legs**.([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/shipping/100725-containers-quarterly-asia-europe-container-freight-collapses-to-multiyear-lows?utm_source=openai)) **Impacts on exporters in Southeast Asia (with relevance to Malaysia’s agri exporters)**n 1. **Cost volatility & budgeting difficulty**n – Rate swings of **USD 400–600/FEU within weeks** complicate export pricing, particularly for **low‑margin agricultural commodities** (palm oil, rubber, cocoa and derived products).([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as_volumes_continue_to_sink/?utm_source=openai)) 2. **Space uncertainty and shipment delays**n – Frequent **blank sailings and last‑minute port omissions** force exporters to ship early, split shipments, or accept longer transit times; perishables may shift to air/reefer at higher cost.([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as_volumes_continue_to_sink/?utm_source=openai)) 3. **Route re‑optimization and port choice**n – As transshipment flows shift more toward **PTP and Singapore**, Malaysian exporters are increasingly routing via these hubs rather than relying solely on direct calls at smaller Malaysian ports. 4. **Contracting strategy changes**n – Shippers move toward shorter‑tenor contracts and blended fixed+spot portfolios. 5. **Risk management & working capital**n – Longer/volatile transit times increase working capital tied to inventory and create delivery risk for tight SLAs. **Framing the problem for 2026 planning** • Structural factors: **Large new vessel deliveries, concentration of volumes in mega‑hubs, and geopolitical disruptions (e.g., Red Sea)** are unlikely to disappear in 2026, so volatility will persist even if average rates remain moderate. • For Malaysian food & agri exporters, the core challenge is to manage a **“low structural rate / high episodic volatility”** world: low long‑term average freight costs compared with 2021‑22 peaks, but intense short‑term swings driven by blank sailings, congestion, and surcharges. • Priority responses for exporters and their forwarders include: – Building **flexible routing and port options** (Port Klang vs PTP vs Singapore, and intra‑Asia transshipment alternatives). – Using **scenario‑based freight budgeting** that stress‑tests margins at +USD 500–1,000/FEU above base assumptions. – Negotiating **service‑level commitments** (space guarantees, priority loading) where possible, even at a premium, for critical shipments.([voyagecover.com](https://voyagecover.com/guides/port-klang-psa-congestion-delays-2026?utm_source=openai)) Sources: ([voyagecover.com](https://voyagecover.com/guides/port-klang-psa-congestion-delays-2026?utm_source=openai)) Sources: • Transport in Malaysia https://en.wikipedia.org/wiki/Transport_in_Malaysia?utm_source=openai • Port of Tanjung Pelepas: Complete Trading & Transshipment... https://content.ballastmarkets.com/ports/tanjung-pelepas/?utm_source=openai • Port of Tanjung Pelepas tops 14 million TEUs in 2025 - Port Technology International https://www.porttechnology.org/news/port-of-tanjung-pelepas-tops-14-million-teus-in-2025/?utm_source=openai • Port of Tanjung Pelepas: Complete Trading & Transshipment... https://content.ballastmarkets.com/ports/tanjung-pelepas/?utm_source=openai • Q4 2025 Port Congestion Analysis: Bigger Calls, Tighter Margins—and One Standout | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/q4-2025-port-congestion-analysis-bigger-calls-tighter-margins-and-one-standout?utm_source=openai • Global Shipping Disruptions Push Volumes Toward Southeast Asia’s Transshipment Gateways - Shipco Transport Media https://media.shipco.com/global-shipping-disruptions-push-volumes-toward-southeast-asias-transshipment-gateways/?utm_source=openai • MTT Shipping: Port Congestion, Last-Mile Gaps Threaten Malaysia’s Shipping Growth https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai • MTT Shipping: Port Congestion, Last-Mile Gaps Threaten Malaysia’s Shipping Growth https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai • Q4 2025 Port Congestion Analysis: Bigger Calls, Tighter Margins—and One Standout | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/q4-2025-port-congestion-analysis-bigger-calls-tighter-margins-and-one-standout?utm_source=openai • Port Klang & PSA Congestion 2026: Delays & Cargo Risk https://voyagecover.com/guides/port-klang-psa-congestion-delays-2026?utm_source=openai • MTT Shipping: Port Congestion, Last-Mile Gaps Threaten Malaysia’s Shipping Growth https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai • MTT Shipping: Port Congestion, Last-Mile Gaps Threaten Malaysia’s Shipping Growth https://www.businesstoday.com.my/2026/04/20/mtt-shipping-port-congestion-last-mile-gaps-threaten-malaysias-shipping-growth/?utm_source=openai • Malaysia Export Growth at Over 3-Year High https://tradingeconomics.com/malaysia/exports-yoy/news/527235?utm_source=openai • Malaysia's trade to hit RM2.99 trillion in 2025, driven by E&E, palm oil exports – Report | New 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